Deutsche Bank upgraded Netflix shares to buy from hold, saying it had misjudged how to value the high-flying stock and the potential for worldwide growth. The stock's price to sales ratio for trailing twelve months is 11.68 and price to book ratio for the most recent quarter is 37.39, whereas price to cash per share for the most recent quarter are 48.38. The highest EPS estimate is $0.65 and the lowest is $0.60. After $0.41 actual EPS reported by Netflix, Inc. for the previous quarter, Wall Street now forecasts 53.66% EPS growth. (NASDAQ:NFLX). 868,930 are owned by California Employees Retirement System.
Netflix (NASDAQ:NFLX) had its price target raised by Wells Fargo from $285.00 to $345.00 in a research note published on Friday. The company has a market cap of $134,198.55, a P/E ratio of 247.40, a price-to-earnings-growth ratio of 4.24 and a beta of 0.99. Zacks' earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Netflix. A-R-T- Advisors Llc bought 73,100 shares as the company's stock rose 58.31% while stock markets declined. EPS growth in next year is estimated to reach 57.23%.
The average estimate for Netflix's first quarter revenue has increased by about $163 million to $3.69 billion after a blowout fourth quarter in January, according to Bloomberg data. Return on Equity (ROE) stands at 17.2% and Return on Investment (ROI) of 9.8 percent. The Perf Year indicator expressed a reduced efficacy of the firm, which was settled 114.24%.
Several brokerages have commented on NFLX. Higher expectations combined with recent stock gains leave little room for error for Netflix, which is the second-best performing stock in the S&P 500 this year after Nektar Therapeutics, which only joined the benchmark index a few weeks ago. Piper Jaffray upped their price target on shares of Netflix to $360.00 and gave the company an "overweight" rating in a research note on Friday, March 9th.
Among 31 analysts covering Netflix (NASDAQ:NFLX), 19 have Buy rating, 1 Sell and 11 Hold. The average target $266.03 is -14.64% below the last ($311.65) price. William Blair reaffirmed an "outperform" rating on shares of Netflix in a research note on Tuesday, January 23rd. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirty-five have assigned a buy rating and one has given a strong buy rating to the stock. Netflix presently has a consensus rating of Buy and an average price target of $267.34. (NASDAQ:NFLX). Agf Invs reported 423,230 shs. The stock was sold at an average price of $141.57, for a total value of $283,140.00.
Meanwhile, the company has average true range (ATR) of up to 12.75, which is a high-low trend in the stock market. The company exchanged hands with 14833572 shares contrast to its average daily volume of 11.77M shares while its relative volume stands at 1.26.
In related news, Director Richard N. Barton sold 700 shares of the business's stock in a transaction dated Thursday, April 5th. The shares were sold at an average price of $220.99, for a total transaction of $524,409.27. Following the sale, the director now directly owns 7,393 shares in the company, valued at approximately $2,095,102.27. On Tuesday, March 20 HASTINGS REED sold $23.86 million worth of Netflix, Inc. (NASDAQ:NFLX) has "Sell" rating given by Wedbush. The disclosure for this sale can be found here. He's also calling his shot that Netflix will reach a staggering 217 million global subscribers by 2025, a massive leap from its 63 million worldwide subscribers at the close of previous year. Corporate insiders own 4.90% of the company's stock.
A number of hedge funds and other institutional investors have recently modified their holdings of NFLX. SG Americas Securities LLC increased its position in Netflix by 103.9% during the 4th quarter. The stock price is showing 5.97% distance above 50 SMA. Tybourne Capital Management HK Ltd. now owns 1,673,200 shares of the Internet television network's stock valued at $321,187,000 after acquiring an additional 506,700 shares during the period. Oppenheimer invested 0.25% of its capital in Netflix, Inc. CWA Asset Management Group LLC now owns 2,700 shares of the Internet television network's stock worth $518,000 after buying an additional 211 shares in the last quarter. Finally, Technology Crossover Management VIII Ltd. boosted its holdings in Netflix by 40.5% in the 4th quarter. Farmers And Merchants Inc owns 0.01% invested in Netflix, Inc. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of US & worldwide trademark & copyright law.