Netflix (NFLX) Now Covered by Analysts at Evercore ISI

Evercore ISI began coverage on shares of Netflix (NASDAQ:NFLX) in a report published on Wednesday. The firm issued an in-line rating and a $210.00 price target on the Internet television network’s stock.

Other equities analysts have also issued research reports about the company. Vetr upgraded Netflix from a sell rating to a hold rating and set a $165.09 price target on the stock in a research note on Wednesday, August 16th. B. Riley reiterated a neutral rating on shares of Netflix in a research note on Wednesday, November 1st. Rosenblatt Securities reiterated a buy rating and issued a $200.00 target price on shares of Netflix in a research note on Wednesday, August 16th. Wedbush reiterated a hold rating and issued a $190.00 target price (up previously from $180.00) on shares of Netflix in a research note on Wednesday, October 18th. Finally, Jefferies Group reissued a hold rating and issued a $165.00 price target (down previously from $171.80) on shares of Netflix in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $209.65.

Shares of Netflix (NASDAQ:NFLX) traded up $1.09 on Wednesday, reaching $185.30. The company had a trading volume of 5,490,000 shares, compared to its average volume of 6,663,598. The company has a market capitalization of $79,713.40, a P/E ratio of 186.07, a PEG ratio of 5.47 and a beta of 1.33. Netflix has a 12 month low of $121.73 and a 12 month high of $204.38. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.20 and a current ratio of 1.20.

Netflix (NASDAQ:NFLX) last released its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.97 billion. During the same quarter in the previous year, the business earned $0.12 EPS. The business’s revenue for the quarter was up 30.3% on a year-over-year basis. sell-side analysts anticipate that Netflix will post 1.26 EPS for the current year.

In other Netflix news, CEO Reed Hastings sold 83,335 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $192.79, for a total value of $16,066,154.65. Following the transaction, the chief executive officer now directly owns 83,335 shares of the company’s stock, valued at $16,066,154.65. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ann Mather sold 3,885 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $200.00, for a total transaction of $777,000.00. Following the completion of the transaction, the director now directly owns 1,015 shares in the company, valued at $203,000. The disclosure for this sale can be found here. In the last three months, insiders sold 323,935 shares of company stock valued at $62,565,812. 4.90% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in NFLX. State of Alaska Department of Revenue bought a new stake in Netflix in the 2nd quarter valued at $155,000. NGAM Advisors L.P. bought a new stake in shares of Netflix during the 2nd quarter worth about $1,864,000. Harbour Capital Advisors LLC boosted its holdings in shares of Netflix by 14,840.7% during the 2nd quarter. Harbour Capital Advisors LLC now owns 20,917 shares of the Internet television network’s stock worth $140,000 after buying an additional 20,777 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Netflix by 119.6% during the 2nd quarter. Bessemer Group Inc. now owns 4,987 shares of the Internet television network’s stock worth $745,000 after buying an additional 2,716 shares during the period. Finally, Cigna Investments Inc. New boosted its holdings in shares of Netflix by 8.4% during the 2nd quarter. Cigna Investments Inc. New now owns 19,071 shares of the Internet television network’s stock worth $2,849,000 after buying an additional 1,471 shares during the period. 83.38% of the stock is currently owned by institutional investors.

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Netflix Company Profile

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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