Netflix, Inc. (NASDAQ:NFLX) Short Interest Update

Netflix, Inc. (NASDAQ:NFLX – Get Rating) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totalling 11,980,000 shares, a growth of 69.9% from the April 15th total of 7,050,000 shares. Based on an average daily volume of 10,940,000 shares, the short-interest ratio is presently 1.1 days. Approximately 2.7% of the shares of the stock are sold short.

Shares of NASDAQ NFLX opened at $187.64 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $83.36 billion, a price-to-earnings ratio of 17.03, a PEG ratio of 0.93 and a beta of 1.28. The stock’s fifty day simple moving average is $302.23 and its 200 day simple moving average is $458.02. Netflix has a 52-week low of $162.71 and a 52-week high of $700.99.

Netflix (NASDAQ:NFLX – Get Rating) last issued its earnings results on Tuesday, April 19th. The Internet television network reported $3.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.61. The business had revenue of $7.87 billion for the quarter, compared to analysts’ expectations of $7.94 billion. Netflix had a return on equity of 32.01% and a net margin of 16.47%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm posted $3.75 EPS. As a group, analysts anticipate that Netflix will post 10.88 earnings per share for the current year.

A number of analysts recently commented on the company. Monness Crespi & Hardt lowered Netflix from a “buy” rating to a “neutral” rating in a research note on Friday, January 21st. Barclays reduced their target price on Netflix from $380.00 to $275.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 20th. Cowen reduced their target price on Netflix from $590.00 to $325.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 20th. Moffett Nathanson reduced their target price on Netflix from $460.00 to $375.00 and set a “neutral” rating on the stock in a research report on Friday, January 21st. Finally, Needham & Company LLC upgraded Netflix from an “underperform” rating to a “hold” rating in a research report on Wednesday, April 20th. Three investment analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix has a consensus rating of “Hold” and a consensus target price of $386.31.

Hedge funds have recently modified their holdings of the company. Icapital Wealth LLC purchased a new position in Netflix in the first quarter valued at about $25,000. Sageworth Trust Co purchased a new position in Netflix in the fourth quarter valued at about $29,000. Andrew Hill Investment Advisors Inc. purchased a new position in Netflix in the fourth quarter valued at about $30,000. Field & Main Bank purchased a new position in Netflix in the fourth quarter valued at about $30,000. Finally, Paragon Capital Management Ltd purchased a new position in Netflix in the fourth quarter valued at about $31,000. Institutional investors and hedge funds own 80.97% 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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