Royal Bank of Canada Analysts Give Netflix (NFLX) a $300.00 Price Target

Netflix (NASDAQ:NFLX) received a $300.00 price target from research analysts at Royal Bank of Canada in a note issued to investors on Tuesday, January 23rd. The brokerage currently has a “buy” rating on the Internet television network’s stock. Royal Bank of Canada’s target price points to a potential upside of 20.25% from the company’s previous close.

NFLX has been the topic of a number of other research reports. Credit Suisse Group set a $224.00 target price on Netflix and gave the company a “neutral” rating in a report on Monday, January 8th. BidaskClub downgraded Netflix from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Citigroup increased their target price on Netflix from $180.00 to $205.00 and gave the company a “neutral” rating in a report on Friday, October 13th. Vetr upgraded Netflix from a “buy” rating to a “strong-buy” rating and set a $214.83 price target for the company in a research report on Friday, December 22nd. Finally, Loop Capital upped their price target on Netflix from $237.00 to $241.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating, thirty-five have issued a buy rating and one has given a strong buy rating to the stock. Netflix has an average rating of “Buy” and a consensus target price of $237.39.

Shares of Netflix (NFLX) traded down $0.63 during mid-day trading on Tuesday, reaching $249.47. The company had a trading volume of 16,282,837 shares, compared to its average volume of 11,070,000. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.40 and a current ratio of 1.40. Netflix has a 12 month low of $138.26 and a 12 month high of $286.81. The stock has a market capitalization of $108,260.00, a PE ratio of 199.58, a price-to-earnings-growth ratio of 3.48 and a beta of 1.04.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.41. The firm had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.28 billion. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The company’s quarterly revenue was up 32.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.15 earnings per share. equities research analysts predict that Netflix will post 2.69 earnings per share for the current year.

In other Netflix news, CFO David B. Wells sold 1,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $191.12, for a total transaction of $191,120.00. Following the transaction, the chief financial officer now directly owns 1,000 shares in the company, valued at approximately $191,120. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Theodore A. Sarandos sold 163,747 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $262.91, for a total value of $43,050,723.77. Following the transaction, the insider now owns 23,953 shares in the company, valued at $6,297,483.23. The disclosure for this sale can be found here. Insiders have sold a total of 460,885 shares of company stock valued at $105,354,747 over the last three months. 4.90% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in shares of Netflix by 4.4% in the 4th quarter. Bank of New York Mellon Corp now owns 3,798,067 shares of the Internet television network’s stock valued at $729,077,000 after acquiring an additional 159,750 shares during the period. Tybourne Capital Management HK Ltd. grew its stake in Netflix by 3.6% during the 2nd quarter. Tybourne Capital Management HK Ltd. now owns 2,400,536 shares of the Internet television network’s stock worth $358,664,000 after buying an additional 84,341 shares during the last quarter. Janus Henderson Group PLC grew its stake in Netflix by 3,478.1% during the 2nd quarter. Janus Henderson Group PLC now owns 2,041,458 shares of the Internet television network’s stock worth $305,014,000 after buying an additional 1,984,404 shares during the last quarter. First Trust Advisors LP grew its stake in Netflix by 9.7% during the 4th quarter. First Trust Advisors LP now owns 1,979,971 shares of the Internet television network’s stock worth $380,075,000 after buying an additional 174,630 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in Netflix by 22.5% during the 4th quarter. Wells Fargo & Company MN now owns 1,934,754 shares of the Internet television network’s stock worth $371,396,000 after buying an additional 354,801 shares during the last quarter. Institutional investors and hedge funds own 82.71% 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.

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