Netflix (NFLX) Now Covered by Analysts at Evercore ISI

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

Several other equities research analysts have also recently weighed in on the stock. Vetr cut shares of Netflix from a hold rating to a sell rating and set a $165.09 price objective for the company. in a research report on Wednesday, August 30th. Robert W. Baird reiterated a hold rating and set a $175.00 price objective on shares of Netflix in a research report on Friday, September 1st. Jefferies Group set a $165.00 price objective on shares of Netflix and gave the stock a neutral rating in a research report on Monday, September 18th. Zacks Investment Research upgraded shares of Netflix from a hold rating to a buy rating and set a $219.00 price objective for the company in a research report on Monday, November 20th. Finally, KeyCorp reiterated a buy rating and set a $190.00 price objective on shares of Netflix in a research report on Friday, August 25th. One 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 assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $209.65.

Netflix (NFLX) opened at $188.54 on Wednesday. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20. Netflix has a 12-month low of $121.73 and a 12-month high of $204.38. The stock has a market cap of $80,141.80, a P/E ratio of 187.07, a price-to-earnings-growth ratio of 5.50 and a beta of 1.33.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). Netflix had a net margin of 4.04% and a return on equity of 14.56%. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.97 billion. During the same quarter last year, the company posted $0.12 earnings per share. The company’s revenue was up 30.3% compared to the same quarter last year. equities research analysts predict that Netflix will post 1.26 earnings per share for the current year.

In related news, CEO Reed Hastings sold 83,335 shares of the firm’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $192.79, for a total transaction of $16,066,154.65. Following the completion of the sale, the chief executive officer now owns 83,335 shares in the company, valued at $16,066,154.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard N. Barton sold 350 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $185.71, for a total transaction of $64,998.50. Following the sale, the director now owns 7,171 shares of the company’s stock, valued at approximately $1,331,726.41. The disclosure for this sale can be found here. Insiders have sold 324,285 shares of company stock valued at $62,630,811 in the last 90 days. 4.90% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC purchased a new position in shares of Netflix in the second quarter worth about $1,045,000. Lincoln National Corp increased its stake in shares of Netflix by 7.0% in the third quarter. Lincoln National Corp now owns 4,094 shares of the Internet television network’s stock worth $742,000 after purchasing an additional 268 shares in the last quarter. Calamos Advisors LLC increased its stake in shares of Netflix by 198.5% in the second quarter. Calamos Advisors LLC now owns 208,945 shares of the Internet television network’s stock worth $31,218,000 after purchasing an additional 138,945 shares in the last quarter. Alps Advisors Inc. purchased a new position in shares of Netflix in the second quarter worth about $262,000. Finally, BB&T Corp increased its stake in shares of Netflix by 20.0% in the third quarter. BB&T Corp now owns 3,857 shares of the Internet television network’s stock worth $700,000 after purchasing an additional 642 shares in the last quarter. Hedge funds and other institutional investors own 83.38% of the company’s stock.

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About Netflix

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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