According to the website Bloomberg.com, the forty-four different brokerages currently following Netflix, Inc. (NASDAQ: NFLX) have given the stock an average rating of “Hold.” Twelve equity research analysts have given the business a buy rating, twenty-two has given a hold rating, and five have given the stock a sell rating. $280.03 is the average price target that analysts who covered the stock in the prior year have set for the stock in terms of their price predictions for the following year. There have been numerous academic publications that incorporate conversations about NFLX.
In a research report released on Monday, July 18, Rosenblatt Securities decreased its firm’s price objective for Netflix from $245.00 to $196.00 and assigned the business a “neutral” rating in a research report. Morgan Stanley raised their price target for Netflix from $220.00 to $230.00 in a research report published on Friday, July 15, and rated the stock as “equal weight.”On June 2, Guggenheim assigned a “buy” rating to Netflix and lowered its price objective for the company from $350.00 to $265.00.
Additionally, the firm maintained its “buy” rating the company. In a report distributed on July 20, Deutsche Bank Aktiengesellschaft lowered their price objective on Netflix from $300 to $270, which was the last and most important point. On Monday, NASDAQ: NFLX began trading at $233.57.
The company’s debt-to-equity ratio is 0.75, its quick ratio is 1.05, and its current ratio and its current ratio are likewise 1.05, respectively. The company presently has a PE ratio of 20.76, a PEG ratio of 1.62, and a beta coefficient of 1.34, all of which contribute to its current market capitalization of $103.87 billion. Over the past 52 weeks, the price of a Netflix subscription has ranged from a low of $162.71 to a high of $700.99. The company’s current price, which is trading at $218.64, is lower than its 200-day simple moving average, which is currently set at $247.69.
You may view the most current quarterly earnings report for Netflix (NASDAQ: NFLX), which was issued on July 19 and can be found on this page. The Internet television network announced earnings per share for the previous quarter that came in at $3.20, which was $0.24 more than the consensus estimate among market analysts.
The company reported a total of $7.97 billion in sales for the quarter, much lower than the average projection of $8.03 billion. Netflix had a return on equity of 30.07 percent, and the company’s net margin was 16.42 percent. Compared to the company’s performance during the same quarter in the previous year, the growth rate in the company’s revenue was 8.6% greater. In the same period the year before, the company recorded earnings of $2.97 for each share of common stock. Sell-side analysts anticipate that Netflix will create average earnings per share of 10.04 for the current fiscal year. This is according to the company’s financial projections.
Recent transactions involving buying and selling business shares have seen significant involvement from hedge funds. Core Alternative Capital saw a 76.5 percent increase in the value of its Netflix holdings during the three months ending December 31. Core Alternative Capital currently has sixty shares of the Internet television network’s stock, each of which has a value of thirty-six thousand dollars. This is an increase of 26 shares purchased during the most recent quarter of trading activity. During the fourth quarter of 2018, The Standard Family Office LLC successfully completed a new investment in Netflix for forty thousand dollars.
The purchase of a new Netflix investment by Bivin & Associates, Inc. during the fourth quarter of the fiscal year cost roughly $42,000 in total expenditures. Mystic Asset Management Inc. spent close to $42,000 to acquire a new investment in Netflix during the final three months of 2018 when those months were still in 2018. Icapital Wealth LLC made a new investment in Netflix estimated to be worth a total of $25,000 throughout the first three months of this year. A startling 75.52% of the total number of shares in the corporation are held by institutions as ownership of those shares. Netflix, Inc. is a firm that offers its customers a wide variety of entertainment. It provides various television shows, documentaries, high-budget movies, and mobile games. In addition, the business allows its customers to watch streaming content on various gadgets connected to the internet, such as televisions, digital video players, television set-top boxes, and mobile devices.