Netflix (NASDAQ:NFLX) Stock Rating Reaffirmed by Goldman Sachs Group

Share on StockTwits

Netflix (NASDAQ:NFLX)‘s stock had its “buy” rating reissued by stock analysts at Goldman Sachs Group in a research note issued to investors on Friday, Borsen Zeitung reports. They presently have a $460.00 target price on the Internet television network’s stock. Goldman Sachs Group’s target price would suggest a potential upside of 23.24% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Piper Jaffray Companies restated a “buy” rating on shares of Incyte in a research note on Monday, June 17th. Pivotal Research restated a “buy” rating and set a $500.00 price objective on shares of Netflix in a research note on Tuesday, April 16th. ValuEngine cut Zuora from a “buy” rating to a “hold” rating in a research note on Saturday, June 1st. Evercore ISI restated an “outperform” rating and set a $380.00 price objective (up previously from $350.00) on shares of Netflix in a research note on Wednesday. Finally, BidaskClub cut Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research note on Monday, June 24th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $393.24.

NFLX stock opened at $373.25 on Friday. The firm’s 50-day moving average price is $361.38. Netflix has a 12-month low of $231.23 and a 12-month high of $410.00. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.61 and a current ratio of 0.61. The stock has a market capitalization of $165.92 billion, a P/E ratio of 139.27, a PEG ratio of 3.78 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, April 16th. The Internet television network reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.19. The firm had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.50 billion. Netflix had a return on equity of 24.75% and a net margin of 7.61%. The firm’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.64 earnings per share. Equities analysts predict that Netflix will post 3.35 earnings per share for the current fiscal year.

In related news, Director Ann Mather sold 1,208 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $375.00, for a total value of $453,000.00. Following the completion of the sale, the director now directly owns 357 shares of the company’s stock, valued at $133,875. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Reed Hastings sold 56,966 shares of the business’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $370.74, for a total value of $21,119,574.84. Following the completion of the sale, the chief executive officer now directly owns 56,966 shares of the company’s stock, valued at $21,119,574.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 167,486 shares of company stock worth $60,955,416. Insiders own 4.29% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Commonwealth Bank of Australia grew its holdings in Netflix by 10.1% during the 4th quarter. Commonwealth Bank of Australia now owns 753 shares of the Internet television network’s stock valued at $199,000 after buying an additional 69 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Netflix by 7.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 692,107 shares of the Internet television network’s stock valued at $185,212,000 after buying an additional 48,349 shares in the last quarter. Captrust Financial Advisors grew its holdings in Netflix by 66.8% during the 4th quarter. Captrust Financial Advisors now owns 552 shares of the Internet television network’s stock valued at $148,000 after buying an additional 221 shares in the last quarter. Geode Capital Management LLC grew its holdings in Netflix by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 5,342,932 shares of the Internet television network’s stock valued at $1,427,434,000 after buying an additional 148,252 shares in the last quarter. Finally, RMB Capital Management LLC grew its holdings in Netflix by 50.6% during the 4th quarter. RMB Capital Management LLC now owns 1,203 shares of the Internet television network’s stock valued at $322,000 after buying an additional 404 shares in the last quarter. 77.02% of the stock is owned by hedge funds and other institutional investors.

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.

Read More: What is a balanced fund?

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.



Latest News

Sudhir Gopalswamy Sells 3,000 Shares of Cypress Semiconductor Co.  Stock
Sudhir Gopalswamy Sells 3,000 Shares of Cypress Semiconductor Co. Stock
Ariel Hurley Sells 830 Shares of Blueprint Medicines Corp  Stock
Ariel Hurley Sells 830 Shares of Blueprint Medicines Corp Stock
Okta  Price Target Raised to $154.00 at Needham & Company LLC
Okta Price Target Raised to $154.00 at Needham & Company LLC
Columbia Sportswear  Given Outperform Rating at Wedbush
Columbia Sportswear Given Outperform Rating at Wedbush
Wix.Com  Stock Rating Reaffirmed by Wedbush
Wix.Com Stock Rating Reaffirmed by Wedbush
Zacks Investment Research Upgrades Pennsylvania R.E.I.T.  to Buy
Zacks Investment Research Upgrades Pennsylvania R.E.I.T. to Buy


© 2006-2019 Ticker Report