Netflix’s (NFLX) Buy Rating Reiterated at Morgan Stanley

Morgan Stanley reissued their buy rating on shares of Netflix (NASDAQ:NFLX) in a research report sent to investors on Tuesday. They currently have a $450.00 target price on the Internet television network’s stock.

A number of other analysts also recently commented on the company. Imperial Capital dropped their price objective on Netflix from $503.00 to $494.00 and set an outperform rating on the stock in a research note on Monday, August 13th. Canaccord Genuity boosted their price objective on Netflix from $350.00 to $500.00 and gave the stock a buy rating in a research note on Thursday, July 12th. Citigroup boosted their price objective on Netflix to $375.00 and gave the stock a neutral rating in a research note on Wednesday, September 12th. Guggenheim boosted their price objective on Netflix from $360.00 to $420.00 and gave the stock a buy rating in a research note on Wednesday, September 19th. Finally, Credit Suisse Group reissued a buy rating and issued a $470.00 price objective on shares of Netflix in a research note on Monday, October 1st. Five analysts have rated the stock with a sell rating, eleven have given a hold rating and thirty-one have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $376.83.

Netflix stock traded up $3.88 during mid-day trading on Tuesday, hitting $350.59. 150,037 shares of the company’s stock traded hands, compared to its average volume of 12,086,094. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.39 and a quick ratio of 1.54. The company has a market capitalization of $158.81 billion, a P/E ratio of 279.70, a PEG ratio of 4.66 and a beta of 0.89. Netflix has a one year low of $178.38 and a one year high of $423.21.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, October 16th. The Internet television network reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.21. Netflix had a return on equity of 29.52% and a net margin of 8.48%. The firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter in the previous year, the business earned $0.29 EPS. The firm’s revenue for the quarter was up 34.0% on a year-over-year basis. On average, research analysts expect that Netflix will post 2.61 earnings per share for the current fiscal year.

In other news, insider Theodore A. Sarandos sold 111,391 shares of Netflix stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $360.00, for a total transaction of $40,100,760.00. Following the transaction, the insider now owns 16,065 shares in the company, valued at $5,783,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David B. Wells sold 1,000 shares of Netflix stock in a transaction on Monday, July 23rd. The shares were sold at an average price of $359.00, for a total value of $359,000.00. Following the transaction, the chief financial officer now owns 1,000 shares in the company, valued at approximately $359,000. The disclosure for this sale can be found here. Insiders have sold 403,334 shares of company stock worth $142,463,785 in the last quarter. 4.29% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. Berkeley Capital Partners LLC boosted its position in Netflix by 17.3% during the second quarter. Berkeley Capital Partners LLC now owns 1,008 shares of the Internet television network’s stock valued at $273,000 after purchasing an additional 149 shares during the last quarter. Capstone Financial Advisors Inc. boosted its position in Netflix by 17.8% during the second quarter. Capstone Financial Advisors Inc. now owns 1,006 shares of the Internet television network’s stock valued at $394,000 after purchasing an additional 152 shares during the last quarter. Cornerstone Advisors Inc. boosted its position in Netflix by 9.6% during the second quarter. Cornerstone Advisors Inc. now owns 1,740 shares of the Internet television network’s stock valued at $681,000 after purchasing an additional 153 shares during the last quarter. Cobblestone Capital Advisors LLC NY boosted its position in Netflix by 22.1% during the second quarter. Cobblestone Capital Advisors LLC NY now owns 855 shares of the Internet television network’s stock valued at $335,000 after purchasing an additional 155 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its position in Netflix by 30.6% during the third quarter. Sound Income Strategies LLC now owns 675 shares of the Internet television network’s stock valued at $253,000 after purchasing an additional 158 shares during the last quarter. Institutional investors and hedge funds own 73.83% of the company’s stock.

Netflix Company Profile

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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Analyst Recommendations for Netflix (NASDAQ:NFLX)

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