Netflix (NFLX) Given a $410.00 Price Target by Oppenheimer Analysts

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Oppenheimer set a $410.00 price target on Netflix (NASDAQ:NFLX) in a report published on Thursday, The Fly reports. The firm currently has a buy rating on the Internet television network’s stock.

NFLX has been the subject of several other research reports. Cowen reduced their price target on shares of Netflix from $430.00 to $400.00 and set an outperform rating for the company in a research report on Tuesday, July 17th. Goldman Sachs Group set a $470.00 price target on shares of Netflix and gave the company a buy rating in a research report on Tuesday, October 2nd. Sanford C. Bernstein restated a buy rating and set a $465.00 price target on shares of Netflix in a research report on Wednesday. Morgan Stanley set a $480.00 price target on shares of Netflix and gave the company a buy rating in a research report on Thursday, July 12th. Finally, ValuEngine downgraded shares of Netflix from a strong-buy rating to a buy rating in a report on Wednesday, July 18th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirty-one have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $376.83.

NFLX traded down $12.63 during trading on Thursday, hitting $334.08. 381,586 shares of the company traded hands, compared to its average volume of 12,086,094. The firm has a market cap of $158.81 billion, a P/E ratio of 279.70, a PEG ratio of 4.66 and a beta of 0.89. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.39. Netflix has a one year low of $178.38 and a one year high of $423.21.

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

In other news, CFO David B. Wells sold 1,000 shares of the stock in a transaction dated Monday, July 23rd. The shares were sold at an average price of $359.00, for a total value of $359,000.00. Following the sale, the chief financial officer now directly owns 1,000 shares of the company’s stock, valued at $359,000. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Timothy M. Haley sold 21,882 shares of the stock in a transaction dated Tuesday, October 16th. The stock was sold at an average price of $336.41, for a total transaction of $7,361,323.62. Following the completion of the sale, the director now directly owns 9,177 shares in the company, valued at $3,087,234.57. The disclosure for this sale can be found here. Over the last three months, insiders sold 403,334 shares of company stock worth $142,463,785. Insiders own 4.29% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Berkeley Capital Partners LLC grew 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 acquiring an additional 149 shares during the last quarter. Capstone Financial Advisors Inc. grew 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 acquiring an additional 152 shares during the last quarter. Cornerstone Advisors Inc. grew 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 acquiring an additional 153 shares during the last quarter. Cobblestone Capital Advisors LLC NY grew 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 acquiring an additional 155 shares during the last quarter. Finally, Sound Income Strategies LLC grew 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 acquiring an additional 158 shares during the last quarter. 73.83% of the stock is currently owned by hedge funds and other institutional investors.

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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The Fly

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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