Atlantic Securities Analysts Give Netflix (NFLX) a $385.00 Price Target

Atlantic Securities set a $385.00 price target on Netflix (NASDAQ:NFLX) in a report released on Tuesday. The brokerage currently has a buy rating on the Internet television network’s stock.

Several other research firms also recently issued reports on NFLX. Piper Jaffray upped their price objective on Netflix to $360.00 and gave the company an overweight rating in a research note on Friday, March 9th. Sanford C. Bernstein reaffirmed an outperform rating and issued a $340.00 price objective (up previously from $302.00) on shares of Netflix in a research note on Friday, March 9th. Stifel Nicolaus downgraded Netflix from a buy rating to a hold rating and upped their price objective for the company from $283.00 to $325.00 in a research note on Tuesday, March 6th. Loop Capital began coverage on Netflix in a research note on Thursday, March 15th. They issued a hold rating and a $325.00 price objective for the company. Finally, Vetr downgraded Netflix from a hold rating to a sell rating and set a $300.13 price objective for the company. in a research note on Monday, March 26th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and an average price target of $257.79.

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Shares of Netflix stock traded down $0.20 on Tuesday, hitting $293.77. The stock had a trading volume of 5,169,427 shares, compared to its average volume of 11,171,195. Netflix has a twelve month low of $138.66 and a twelve month high of $333.98. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market capitalization of $125,385.06, a P/E ratio of 235.09, a P/E/G ratio of 3.97 and a beta of 0.99.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The company had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter in the prior year, the firm posted $0.15 earnings per share. The firm’s revenue was up 32.6% compared to the same quarter last year. equities analysts anticipate that Netflix will post 2.73 EPS for the current year.

In related news, Director Richard N. Barton sold 700 shares of the stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $211.27, for a total value of $147,889.00. Following the completion of the sale, the director now directly owns 36,022 shares of the company’s stock, valued at approximately $7,610,367.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Theodore A. Sarandos sold 163,747 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $262.91, for a total value of $43,050,723.77. Following the completion of the sale, the insider now directly owns 23,953 shares of the company’s stock, valued at $6,297,483.23. The disclosure for this sale can be found here. Insiders have sold 452,009 shares of company stock worth $121,912,410 over the last ninety days. 4.90% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Duncker Streett & Co. Inc. raised its position in Netflix by 47.1% in the 4th quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock valued at $120,000 after buying an additional 200 shares during the last quarter. Buckingham Asset Management LLC raised its position in Netflix by 9.2% in the 4th quarter. Buckingham Asset Management LLC now owns 2,386 shares of the Internet television network’s stock valued at $458,000 after buying an additional 202 shares during the last quarter. CWA Asset Management Group LLC raised its position in Netflix by 8.5% in the 4th quarter. CWA Asset Management Group LLC now owns 2,700 shares of the Internet television network’s stock valued at $518,000 after buying an additional 211 shares during the last quarter. Hanseatic Management Services Inc. raised its position in Netflix by 3.6% in the 4th quarter. Hanseatic Management Services Inc. now owns 6,256 shares of the Internet television network’s stock valued at $1,201,000 after buying an additional 219 shares during the last quarter. Finally, Murphy Capital Management Inc. raised its position in Netflix by 5.4% in the 4th quarter. Murphy Capital Management Inc. now owns 4,316 shares of the Internet television network’s stock valued at $828,000 after buying an additional 220 shares during the last quarter. 81.62% of the stock is owned by institutional investors and hedge funds.

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About Netflix

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.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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