Netflix (NASDAQ:NFLX) PT Set at $435.00 by Cowen

Cowen set a $435.00 price objective on Netflix (NASDAQ:NFLX) in a report issued on Tuesday, TipRanks reports. The brokerage currently has a buy rating on the Internet television network’s stock.

Several other equities analysts also recently commented on NFLX. Rosenblatt Securities lowered their price objective on shares of Netflix from $330.00 to $265.00 and set a neutral rating for the company in a research note on Wednesday. UBS Group set a $370.00 price objective on shares of Netflix and gave the company a buy rating in a research note on Thursday. Imperial Capital set a $451.00 price objective on shares of Netflix and gave the company a buy rating in a research note on Thursday, September 12th. Pivotal Research lowered their price objective on shares of Netflix from $515.00 to $350.00 and set a buy rating for the company in a research note on Tuesday, September 24th. Finally, Morgan Stanley set a $450.00 price objective on shares of Netflix and gave the company a buy rating in a research note on Friday, August 2nd. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $371.13.

Netflix stock opened at $282.93 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 2.06. The company has a market capitalization of $123.88 billion, a PE ratio of 105.57, a P/E/G ratio of 2.78 and a beta of 1.20. The firm has a fifty day simple moving average of $281.77 and a two-hundred day simple moving average of $333.91. Netflix has a twelve month low of $231.23 and a twelve month high of $385.99.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Wednesday, July 17th. The Internet television network reported $0.60 EPS for the quarter, beating the consensus estimate of $0.56 by $0.04. The firm had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.93 billion. Netflix had a net margin of 6.53% and a return on equity of 20.88%. The company’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 earnings per share. As a group, equities analysts expect that Netflix will post 3.25 earnings per share for the current fiscal year.

In related news, Director Bradford L. Smith purchased 6,499 shares of Netflix stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average price of $308.49 per share, for a total transaction of $2,004,876.51. Following the completion of the transaction, the director now directly owns 799 shares of the company’s stock, valued at $246,483.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Reed Hastings sold 55,342 shares of the business’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $309.54, for a total transaction of $17,130,562.68. Following the transaction, the chief executive officer now owns 55,342 shares in the company, valued at approximately $17,130,562.68. The disclosure for this sale can be found here. Insiders have sold 150,983 shares of company stock worth $44,378,164 in the last quarter. 4.29% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. CMH Wealth Management LLC grew its holdings in Netflix by 2.0% in the third quarter. CMH Wealth Management LLC now owns 11,820 shares of the Internet television network’s stock worth $3,163,000 after purchasing an additional 235 shares during the period. Clarus Wealth Advisors grew its holdings in Netflix by 124.5% in the third quarter. Clarus Wealth Advisors now owns 3,550 shares of the Internet television network’s stock worth $950,000 after purchasing an additional 1,969 shares during the period. Selz Capital LLC grew its holdings in Netflix by 20.5% in the third quarter. Selz Capital LLC now owns 20,000 shares of the Internet television network’s stock worth $5,352,000 after purchasing an additional 3,400 shares during the period. Measured Wealth Private Client Group LLC purchased a new stake in Netflix in the third quarter worth about $355,000. Finally, Pacer Advisors Inc. grew its holdings in Netflix by 11.8% in the third quarter. Pacer Advisors Inc. now owns 76,636 shares of the Internet television network’s stock worth $20,509,000 after purchasing an additional 8,111 shares during the period. 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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Analyst Recommendations for Netflix (NASDAQ:NFLX)

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