Netflix’s (NFLX) “Hold” Rating Reiterated at Jefferies Group

Jefferies Group reissued their hold rating on shares of Netflix (NASDAQ:NFLX) in a research report released on Tuesday. Jefferies Group currently has a $312.00 price target on the Internet television network’s stock. Jefferies Group also issued estimates for Netflix’s Q2 2018 earnings at $0.83 EPS, Q3 2018 earnings at $0.72 EPS, Q4 2018 earnings at $0.80 EPS, FY2018 earnings at $2.99 EPS, Q1 2019 earnings at $1.53 EPS, Q2 2019 earnings at $1.36 EPS, Q3 2019 earnings at $1.06 EPS, Q4 2019 earnings at $1.06 EPS, FY2019 earnings at $5.01 EPS, Q1 2020 earnings at $2.09 EPS and FY2020 earnings at $6.93 EPS.

Several other research analysts have also commented on the company. Aegis reissued a hold rating and issued a $230.00 price objective on shares of Netflix in a research report on Monday. BMO Capital Markets reissued a hold rating and issued a $310.00 price objective on shares of Netflix in a research report on Monday. Buckingham Research raised their price objective on Netflix from $257.00 to $277.00 and gave the company a neutral rating in a research report on Friday, April 13th. Wells Fargo raised their price objective on Netflix from $285.00 to $345.00 and gave the company an outperform rating in a research report on Friday, April 13th. Finally, Deutsche Bank raised Netflix from a hold rating to a buy rating and set a $125.00 price objective on the stock in a research report on Friday, April 13th. Four equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Netflix presently has an average rating of Buy and an average target price of $293.44.

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NASDAQ:NFLX opened at $332.70 on Tuesday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.40 and a current ratio of 1.30. Netflix has a 12 month low of $139.27 and a 12 month high of $338.82. The stock has a market capitalization of $145,164.42, a price-to-earnings ratio of 266.16, a P/E/G ratio of 4.37 and a beta of 0.99.



Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, April 16th. The Internet television network reported $0.64 EPS for the quarter, beating the consensus estimate of $0.63 by $0.01. Netflix had a return on equity of 19.11% and a net margin of 5.26%. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same period last year, the company posted $0.40 earnings per share. The firm’s revenue was up 40.3% compared to the same quarter last year. equities research analysts anticipate that Netflix will post 2.87 EPS for the current fiscal year.

In other news, CEO Reed Hastings sold 75,369 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $225.52, for a total transaction of $16,997,216.88. Following the completion of the transaction, the chief executive officer now directly owns 75,369 shares in the company, valued at $16,997,216.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director A George Battle sold 10,716 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $258.49, for a total value of $2,769,978.84. Following the transaction, the director now owns 2,575 shares of the company’s stock, valued at $665,611.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 442,200 shares of company stock valued at $119,779,880. Insiders own 4.90% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. boosted its position in shares of Netflix by 4.1% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 46,013 shares of the Internet television network’s stock worth $8,833,000 after buying an additional 1,801 shares during the period. Certified Advisory Corp acquired a new position in shares of Netflix during the fourth quarter worth approximately $378,000. Wagner Wealth Management LLC acquired a new position in shares of Netflix during the fourth quarter worth approximately $125,000. D.B. Root & Company LLC acquired a new position in shares of Netflix during the fourth quarter worth approximately $994,000. Finally, Xact Kapitalforvaltning AB boosted its position in shares of Netflix by 9.4% during the fourth quarter. Xact Kapitalforvaltning AB now owns 76,669 shares of the Internet television network’s stock worth $14,717,000 after buying an additional 6,602 shares during the period. Institutional investors and hedge funds own 81.65% of the company’s stock.

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About Netflix

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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