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. It also provides DVDs-by-mail membership services in the United States. The company has approximately 222 million paid members in 190 countries. Netflix, Inc. was incorporated in 1997 and is headquartered in Los Gatos, California.
Analysts Set New Price Targets
Several analysts recently weighed in on NFLX shares. Pivotal Research reduced their price objective on shares of Netflix from $235.00 to $175.00 and set a "sell" rating on the stock in a research note on Wednesday, July 20th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Netflix from $300.00 to $270.00 in a research note on Wednesday, July 20th. Wells Fargo & Company downgraded Netflix from an "overweight" rating to an "equal weight" rating and set a $300.00 price target on the stock. in a research note on Wednesday, April 20th. Cowen dropped their price objective on shares of Netflix from $590.00 to $325.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 20th. Finally, Barclays dropped their target price on Netflix from $275.00 to $170.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 6th. Six equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $323.92.
Netflix Price Performance
Shares of NASDAQ:NFLX traded up $8.70 on Monday, hitting $235.48. The company's stock had a trading volume of 268,345 shares, compared to its average volume of 11,072,352. The company has a market capitalization of $104.72 billion, a PE ratio of 20.16, a PEG ratio of 1.57 and a beta of 1.36. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.05 and a quick ratio of 1.05. The company has a 50-day simple moving average of $194.85 and a 200 day simple moving average of $276.66. Netflix has a 1 year low of $162.71 and a 1 year high of $700.99.
Netflix (NASDAQ:NFLX - Get Rating) last announced its earnings results on Tuesday, July 19th. The Internet television network reported $3.20 earnings per share for the quarter, beating analysts' consensus estimates of $2.96 by $0.24. Netflix had a net margin of 16.42% and a return on equity of 30.07%. The business had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $8.03 billion. During the same period last year, the firm posted $2.97 earnings per share. Netflix's quarterly revenue was up 8.6% on a year-over-year basis. Sell-side analysts forecast that Netflix will post 10.06 EPS for the current fiscal year.