Netflix (NFLX) Given New $345.00 Price Target at Wells Fargo

Netlfix's re-imagining of the 1960s sci-fi series Lost in Space

A rating of 1 or 2 would be indicating a Buy recommendation. They now have a $385.00 target price on the Internet television network's stock. 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.

Other equities analysts also recently issued research reports about the stock.

Deutsche Bank upgraded Netflix shares to buy from hold, saying it had misjudged how to value the high-flying stock and the potential for global growth. Canaccord Genuity reaffirmed a buy rating and set a $280.00 target price (up previously from $225.00) on shares of Netflix in a report on Tuesday, January 23rd. 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. The firm has "Buy" rating given on Monday, November 21 by Brean Capital. (NASDAQ:NFLX)'s stock has been 59.86% and 116.68% for the last 12 months.

"Netflix continues to capitalize on this lead by reinvesting in content, marketing, and the user experience; which is growing subscribers and making it more of a magnet for talent, further extending the company's lead". The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. The stock presently has an average rating of "Buy" and an average price target of $267.34.

Shares of NASDAQ:NFLX opened at $311.65 on Tuesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.40 and a current ratio of 1.40.

Past year only YouTube beat Netflix for Over The Top (OTT) viewers, the Alphabet company claiming 185.9 million to Netflix's 128 million. The company's distance from 52-week high price is -7.40% and the current price is 123.03% away from 52-week low price. The company had revenue of $3.29 billion during the quarter, compared to analysts' expectations of $3.28 billion. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The firm's quarterly revenue was up 35.9% on a year-over-year basis. (NFLX) stock price jumped 1.84% with the closing value of $309.25 during Thursday trading session. KILGORE LESLIE J sold $562,716 worth of stock or 2,205 shares. The price to earnings growth is 3.06. Following the completion of the transaction, the insider now directly owns 972 shares of the company's stock, valued at approximately $218,816.64.

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Mig Capital Llc decreased its stake in Netflix Inc (NFLX) by 44.33% based on its latest 2017Q4 regulatory filing with the SEC.

In other Netflix news, insider Jonathan Friedland sold 972 shares of the business's stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $220.99, for a total transaction of $524,409.27. (NASDAQ:NFLX). Campbell Newman Asset has 6,795 shares for 0.22% of their portfolio. The disclosure for this sale can be found here.

Netflix continues to dominate the United States video streaming sector according to the latest forecast from eMarketer, with total viewers expected to grow by 3.6% this year to reach 132.6 million.

NFLX average true range may be heating up this temperature with value of 12.75.

Several institutional investors and hedge funds have recently bought and sold shares of NFLX. Inc. grew its position in shares of Netflix by 47.1% during the fourth quarter. Balentine LLC now owns 549 shares of the Internet television network's stock worth $100,000 after buying an additional 500 shares during the last quarter. SG Americas Securities LLC lifted its position in Netflix by 103.9% during the 4th quarter. Return on assets (ROA) results to 3.30%. Quadrant Capital Group LLC boosted its position in Netflix by 3.6% in the third quarter. Tybourne Capital Management HK Ltd. now owns 1,673,200 shares of the Internet television network's stock valued at $321,187,000 after buying an additional 506,700 shares during the period. Finally, Technology Crossover Management VIII Ltd. lifted its position in Netflix by 40.5% during the 4th quarter. Netflix, Inc. (NASDAQ:NFLX) has risen 108.73% since April 13, 2017 and is uptrending. If you are viewing this article on another website, it was copied illegally and reposted in violation of USA & global trademark and copyright legislation. The firm offers TV shows and movies, including original series, documentaries, and feature films. Domestic to global net subs are each exhibiting "healthy momentum heading into the rest of 2018", writes Ives, who sees this as a strength raring to outperform expectations.

To view Vetr's full report, visit Vetr's official website.

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