Credit Suisse Group restated their neutral rating on shares of Netflix, Inc. (NASDAQ:NFLX) in a research note published on Tuesday. They currently have a $190.00 target price on the Internet television network’s stock, up from their previous target price of $154.00.
A number of other brokerages have also issued reports on NFLX. Cantor Fitzgerald increased their target price on shares of Netflix from $165.00 to $190.00 and gave the company an overweight rating in a research report on Tuesday, June 6th. Sanford C. Bernstein restated a buy rating and set a $178.00 price objective on shares of Netflix in a research report on Wednesday, May 31st. William Blair restated an outperform rating on shares of Netflix in a research report on Thursday, May 25th. Vetr lowered shares of Netflix from a buy rating to a hold rating and set a $166.13 price objective for the company. in a research report on Thursday, May 25th. Finally, Instinet restated a buy rating on shares of Netflix in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-nine have issued a buy rating to the company’s stock. Netflix presently has a consensus rating of Buy and a consensus price target of $169.38.
Netflix (NFLX) traded up 0.12% during mid-day trading on Tuesday, reaching $183.82. 13,681,027 shares of the company were exchanged. The stock has a market capitalization of $79.30 billion, a P/E ratio of 223.63 and a beta of 0.98. The company’s 50 day moving average price is $156.86 and its 200-day moving average price is $147.88. Netflix has a 12 month low of $85.01 and a 12 month high of $187.17. Netflix also was the recipient of some unusual options trading activity on Monday. Investors purchased 105,623 call options on the company. This represents an increase of approximately 271% compared to the typical volume of 28,474 call options.
Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 13.28%. The business’s quarterly revenue was up 32.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 EPS. On average, equities analysts expect that Netflix will post $1.15 earnings per share for the current fiscal year.
In other news, Director Richard N. Barton sold 2,000 shares of the business’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $169.18, for a total transaction of $338,360.00. Following the completion of the transaction, the director now directly owns 8,012 shares in the company, valued at approximately $1,355,470.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel David A. Hyman sold 14,021 shares of the business’s stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of $150.00, for a total value of $2,103,150.00. Following the transaction, the general counsel now owns 41,629 shares of the company’s stock, valued at $6,244,350. The disclosure for this sale can be found here. Insiders have sold a total of 420,458 shares of company stock valued at $64,107,103 over the last 90 days. Corporate insiders own 4.90% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Clean Yield Group acquired a new position in shares of Netflix during the first quarter valued at about $103,000. TD Capital Management LLC acquired a new position in shares of Netflix during the second quarter valued at about $105,000. SRS Capital Advisors Inc. raised its position in shares of Netflix by 3,361.9% in the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock valued at $107,000 after buying an additional 706 shares in the last quarter. Harfst & Associates Inc. acquired a new position in shares of Netflix during the first quarter valued at about $109,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of Netflix by 24.2% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 770 shares of the Internet television network’s stock valued at $114,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 82.77% of the company’s stock.
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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