StockNews.com Begins Coverage on Netflix (NASDAQ:NFLX)

StockNews.com began coverage on shares of Netflix (NASDAQ:NFLX – Get Rating) in a research report released on Thursday. The brokerage issued a hold rating on the Internet television network’s stock.

Other research analysts have also issued reports about the company. The Goldman Sachs Group raised their target price on Netflix from $225.00 to $230.00 and gave the stock a sell rating in a research report on Friday, January 20th. Wells Fargo & Company raised Netflix from an equal weight rating to an overweight rating and raised their target price for the stock from $300.00 to $400.00 in a research report on Friday, December 9th. Deutsche Bank Aktiengesellschaft raised their target price on Netflix from $350.00 to $400.00 and gave the stock a buy rating in a research report on Friday, January 20th. New Street Research assumed coverage on Netflix in a research report on Wednesday, January 4th. They set a neutral rating and a $304.00 target price for the company. Finally, Rosenblatt Securities raised their target price on Netflix from $226.00 to $343.00 and gave the stock a neutral rating in a research report on Friday, January 20th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat, Netflix has an average rating of Hold and an average price target of $343.13.

Netflix Trading Down 2.1 %

NASDAQ NFLX opened at $303.50 on Thursday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.69. Netflix has a twelve month low of $162.71 and a twelve month high of $396.50. The company has a market cap of $135.16 billion, a price-to-earnings ratio of 30.50, a price-to-earnings-growth ratio of 1.44 and a beta of 1.26. The business’s fifty day moving average is $334.97 and its 200 day moving average is $292.69.

Netflix (NASDAQ:NFLX – Get Rating) last released its quarterly earnings data on Thursday, January 19th. The Internet television network reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.35). Netflix had a net margin of 14.21% and a return on equity of 23.06%. The firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.85 billion. During the same period last year, the business earned $1.33 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. As a group, sell-side analysts expect that Netflix will post 11.18 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, Director Jay C. Hoag sold 3,698 shares of Netflix stock in a transaction dated Tuesday, January 31st. The stock was sold at an average price of $352.94, for a total transaction of $1,305,172.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.39% of the company’s stock.

Hedge Funds Weigh In On Netflix

Hedge funds and other institutional investors have recently modified their holdings of the business. Phocas Financial Corp. purchased a new position in shares of Netflix in the 4th quarter worth approximately $29,000. Yarbrough Capital LLC purchased a new position in shares of Netflix in the 4th quarter worth approximately $29,000. Tanglewood Legacy Advisors LLC purchased a new position in Netflix in the fourth quarter valued at approximately $29,000. Kathleen S. Wright Associates Inc. lifted its stake in Netflix by 3,333.3% in the fourth quarter. Kathleen S. Wright Associates Inc. now owns 103 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 100 shares during the last quarter. Finally, Financial Connections Group Inc. lifted its stake in Netflix by 1,040.0% in the fourth quarter. Financial Connections Group Inc. now owns 114 shares of the Internet television network’s stock valued at $33,000 after purchasing an additional 104 shares during the last quarter. Hedge funds and other institutional investors own 77.26% of the company’s stock.

Netflix Company Profile

(Get Rating)

Netflix, Inc engages in providing entertainment services. It also offers a broad set of activities for leisure time, entertainment video, video gaming, and other sources of entertainment. It operates through the United States and International geographic segments. The company was founded by Marc Randolph and Wilmot Reed Hastings on August 29, 1997 and is headquartered in Los Gatos, CA.