Morgan Stanley Reiterates “$210.00” Price Target for Netflix, Inc. (NFLX)

Netflix, Inc. (NASDAQ:NFLX) has been assigned a $210.00 price objective by stock analysts at Morgan Stanley in a report released on Tuesday, July 18th. The firm presently has a “buy” rating on the Internet television network’s stock. Morgan Stanley’s target price indicates a potential upside of 22.52% from the stock’s previous close.

A number of other research firms have also recently weighed in on NFLX. Stifel Nicolaus raised their price objective on shares of Netflix from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, April 18th. Royal Bank Of Canada reissued an “outperform” rating and set a $175.00 price objective on shares of Netflix in a report on Monday, April 17th. FBR & Co raised their price objective on shares of Netflix from $144.00 to $145.00 and gave the stock a “mkt perform” rating in a report on Tuesday, April 18th. Jefferies Group LLC raised their price objective on shares of Netflix from $135.00 to $141.00 and gave the stock a “hold” rating in a report on Wednesday, April 19th. Finally, MKM Partners reissued a “buy” rating and set a $195.00 price objective on shares of Netflix in a report on Monday, July 10th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $175.13.

Netflix (NASDAQ:NFLX) opened at 171.40 on Tuesday. Netflix has a 52 week low of $93.26 and a 52 week high of $191.50. The firm has a market cap of $74.00 billion, a price-to-earnings ratio of 208.52 and a beta of 1.02. The firm’s 50-day moving average is $168.76 and its 200-day moving average is $153.74.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by $0.01. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter in the prior year, the firm earned $0.09 EPS. The firm’s revenue was up 32.3% compared to the same quarter last year. On average, equities analysts anticipate that Netflix will post $1.19 earnings per share for the current year.

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In other news, CEO Reed Hastings sold 101,815 shares of the business’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $157.13, for a total transaction of $15,998,190.95. Following the completion of the sale, the chief executive officer now owns 101,815 shares in the company, valued at $15,998,190.95. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Richard N. Barton sold 2,000 shares of the business’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $157.81, for a total value of $315,620.00. Following the sale, the director now owns 8,012 shares of the company’s stock, valued at approximately $1,264,373.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 389,801 shares of company stock valued at $64,889,201. Corporate insiders own 4.90% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. FMR LLC increased its stake in Netflix by 12.4% in the second quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock worth $3,531,042,000 after buying an additional 2,605,731 shares in the last quarter. Jennison Associates LLC increased its stake in Netflix by 21.4% in the first quarter. Jennison Associates LLC now owns 12,947,211 shares of the Internet television network’s stock worth $1,913,727,000 after buying an additional 2,279,835 shares in the last quarter. Vanguard Group Inc. increased its stake in Netflix by 3.5% in the first quarter. Vanguard Group Inc. now owns 27,161,082 shares of the Internet television network’s stock worth $4,014,680,000 after buying an additional 921,283 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in Netflix by 22,622.2% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 814,592 shares of the Internet television network’s stock worth $121,708,000 after buying an additional 811,007 shares in the last quarter. Finally, Winslow Capital Management LLC increased its stake in Netflix by 495,050.8% in the second quarter. Winslow Capital Management LLC now owns 623,890 shares of the Internet television network’s stock worth $93,216,000 after buying an additional 623,764 shares in the last quarter. Institutional investors and hedge funds own 82.78% of the company’s stock.

About Netflix

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.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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