Netflix (NASDAQ:NFLX) had its target price trimmed by Aegis from $310.00 to $275.00 in a research report report published on Tuesday, Briefing.com Automated Import reports. The brokerage currently has a hold rating on the Internet television network’s stock.
A number of other equities research analysts also recently commented on NFLX. BidaskClub raised shares of Netflix from a strong sell rating to a sell rating in a research report on Thursday, October 3rd. Piper Jaffray Companies set a $440.00 price objective on shares of Netflix and gave the company a buy rating in a research report on Friday, September 13th. Pivotal Research dropped their price objective on shares of Netflix from $515.00 to $350.00 and set a buy rating on the stock in a research report on Tuesday, September 24th. Royal Bank of Canada set a $450.00 price objective on shares of Netflix and gave the company a buy rating in a research report on Monday, August 26th. Finally, Raymond James dropped their price objective on shares of Netflix from $470.00 to $450.00 and set a strong-buy rating on the stock in a research report on Thursday, July 18th. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $371.13.
Shares of NASDAQ:NFLX opened at $282.93 on Tuesday. Netflix has a 52 week low of $231.23 and a 52 week high of $385.99. The company’s 50 day moving average is $281.77 and its two-hundred day moving average is $333.91. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 2.06. The company has a market cap of $117.13 billion, a PE ratio of 105.57, a P/E/G ratio of 2.74 and a beta of 1.20.
In related news, CEO Reed Hastings sold 52,269 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $300.10, for a total transaction of $15,685,926.90. Following the completion of the sale, the chief executive officer now owns 52,269 shares in the company, valued at approximately $15,685,926.90. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Bradford L. Smith purchased 6,499 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average price of $308.49 per share, with a total value of $2,004,876.51. Following the purchase, the director now owns 799 shares in the company, valued at $246,483.51. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 150,983 shares of company stock valued at $44,378,164. 4.29% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the stock. Fiera Capital Corp increased its holdings in shares of Netflix by 85.9% in the 1st quarter. Fiera Capital Corp now owns 6,548 shares of the Internet television network’s stock valued at $2,335,000 after purchasing an additional 3,025 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its holdings in shares of Netflix by 182.0% in the 1st quarter. Thompson Siegel & Walmsley LLC now owns 141 shares of the Internet television network’s stock valued at $50,000 after purchasing an additional 91 shares in the last quarter. ClariVest Asset Management LLC purchased a new position in Netflix during the 1st quarter valued at about $28,958,000. TCW Group Inc. increased its holdings in Netflix by 138.0% during the 1st quarter. TCW Group Inc. now owns 119,029 shares of the Internet television network’s stock valued at $42,441,000 after acquiring an additional 69,019 shares in the last quarter. Finally, SSI Investment Management Inc. purchased a new position in Netflix during the 1st quarter valued at about $295,000. Hedge funds and other institutional investors own 78.96% of the company’s stock.
Netflix Company Profile
Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.
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