Netflix (NASDAQ:NFLX) Price Target Lowered to $405.00 at BMO Capital Markets

Netflix (NASDAQ:NFLXGet Rating) had its target price decreased by equities research analysts at BMO Capital Markets from $640.00 to $405.00 in a report released on Wednesday, The Fly reports. The brokerage presently has a “buy” rating on the Internet television network’s stock. BMO Capital Markets’ price target would suggest a potential upside of 80.68% from the stock’s previous close.

Several other equities research analysts have also issued reports on NFLX. Oppenheimer lowered their target price on shares of Netflix from $750.00 to $530.00 and set an “outperform” rating on the stock in a research note on Friday, January 21st. Cowen lowered their target price on shares of Netflix from $600.00 to $590.00 in a research note on Tuesday, April 12th. TheStreet lowered shares of Netflix from a “b” rating to a “c+” rating in a research note on Thursday, January 20th. UBS Group downgraded shares of Netflix from a “buy” rating to a “neutral” rating and set a $355.00 price target for the company. in a research report on Wednesday. Finally, Robert W. Baird downgraded shares of Netflix from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $575.00 to $420.00 in a research report on Friday, January 21st. Three equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $396.38.

NASDAQ:NFLX traded down $124.46 during mid-day trading on Wednesday, hitting $224.15. The company’s stock had a trading volume of 3,049,853 shares, compared to its average volume of 7,788,390. Netflix has a 1 year low of $329.82 and a 1 year high of $700.99. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market cap of $99.58 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 1.26 and a beta of 0.97. The business’s fifty day moving average is $370.97 and its two-hundred day moving average is $512.60.

Netflix (NASDAQ:NFLXGet Rating) last posted its quarterly earnings results on Tuesday, April 19th. The Internet television network reported $3.53 EPS for the quarter, beating the consensus estimate of $2.90 by $0.63. Netflix had a net margin of 17.23% and a return on equity of 35.34%. The company had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7.94 billion. During the same period in the prior year, the company earned $3.75 earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis. Analysts anticipate that Netflix will post 10.86 EPS for the current fiscal year.

In other Netflix news, CEO Reed Hastings purchased 46,900 shares of the company’s stock in a transaction on Thursday, January 27th. The stock was acquired at an average price of $390.08 per share, for a total transaction of $18,294,752.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.68% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of NFLX. Keudell Morrison Wealth Management grew its stake in shares of Netflix by 23.3% in the third quarter. Keudell Morrison Wealth Management now owns 1,006 shares of the Internet television network’s stock worth $614,000 after acquiring an additional 190 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Netflix by 2.4% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 630 shares of the Internet television network’s stock worth $385,000 after acquiring an additional 15 shares in the last quarter. Whittier Trust Co. grew its stake in shares of Netflix by 4.8% in the third quarter. Whittier Trust Co. now owns 1,713 shares of the Internet television network’s stock worth $1,046,000 after acquiring an additional 78 shares in the last quarter. Sage Mountain Advisors LLC grew its stake in shares of Netflix by 35.0% during the third quarter. Sage Mountain Advisors LLC now owns 594 shares of the Internet television network’s stock worth $362,000 after purchasing an additional 154 shares in the last quarter. Finally, AE Wealth Management LLC grew its stake in shares of Netflix by 10.3% during the third quarter. AE Wealth Management LLC now owns 29,798 shares of the Internet television network’s stock worth $18,187,000 after purchasing an additional 2,774 shares in the last quarter. Institutional investors and hedge funds own 81.37% of the company’s stock.

Netflix Company Profile (Get Rating)

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.

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