KeyCorp Reiterates “Hold” Rating for Netflix (NASDAQ:NFLX)

Netflix (NASDAQ:NFLX)‘s stock had its “hold” rating reissued by KeyCorp in a research note issued to investors on Monday, TipRanks reports.

A number of other brokerages have also recently weighed in on NFLX. Rosenblatt Securities reduced their price target on shares of Netflix from $330.00 to $265.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Evercore ISI reduced their price target on shares of Netflix from $380.00 to $300.00 and set an “in-line” rating for the company in a research report on Monday, October 7th. Loop Capital reduced their price target on shares of Netflix to $415.00 in a research report on Thursday, October 17th. Nomura boosted their price target on shares of Netflix from $310.00 to $330.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and issued a $425.00 price target on shares of Netflix in a research report on Thursday, October 17th. Six research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $367.08.

Shares of Netflix stock traded down $4.67 during trading on Monday, hitting $309.99. 6,215,482 shares of the stock were exchanged, compared to its average volume of 8,046,120. The stock has a market cap of $135.72 billion, a price-to-earnings ratio of 115.67, a price-to-earnings-growth ratio of 3.13 and a beta of 1.30. The firm’s 50-day moving average price is $290.75 and its 200 day moving average price is $316.08. Netflix has a 12-month low of $231.23 and a 12-month high of $385.99. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.73 and a quick ratio of 0.73.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Wednesday, October 16th. The Internet television network reported $1.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.42. The business had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.25 billion. Netflix had a net margin of 7.49% and a return on equity of 23.65%. The company’s revenue for the quarter was up 31.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.89 EPS. As a group, research analysts forecast that Netflix will post 3.35 earnings per share for the current year.

In other news, CEO Reed Hastings sold 43,372 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $266.57, for a total value of $11,561,674.04. Following the completion of the sale, the chief executive officer now directly owns 43,372 shares of the company’s stock, valued at $11,561,674.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 137,949 shares of company stock valued at $39,615,261 over the last ninety days. Corporate insiders own 3.72% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Hartford Investment Management Co. increased its stake in shares of Netflix by 0.8% during the second quarter. Hartford Investment Management Co. now owns 53,204 shares of the Internet television network’s stock worth $19,543,000 after acquiring an additional 447 shares during the period. Bailard Inc. increased its stake in shares of Netflix by 14.6% during the second quarter. Bailard Inc. now owns 787 shares of the Internet television network’s stock worth $289,000 after acquiring an additional 100 shares during the period. NumerixS Investment Technologies Inc acquired a new position in shares of Netflix during the second quarter worth about $4,353,000. Maverick Capital Ltd. increased its stake in shares of Netflix by 695.9% during the third quarter. Maverick Capital Ltd. now owns 522,778 shares of the Internet television network’s stock worth $139,906,000 after acquiring an additional 457,098 shares during the period. Finally, Gryphon Financial Partners LLC acquired a new position in shares of Netflix during the second quarter worth about $372,000. Institutional investors and hedge funds own 80.83% 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.

Further Reading: How Do You Make Money With Penny Stocks?

Analyst Recommendations for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit