Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “hold” rating reiterated by research analysts at Needham & Company LLC in a research note issued on Sunday.
Several other research analysts have also recently weighed in on NFLX. Jefferies Group LLC restated a “hold” rating and set a $165.00 price target (down from $171.80) on shares of Netflix in a report on Wednesday, August 9th. Wedbush restated a “sell” rating on shares of Netflix in a report on Wednesday, August 9th. J P Morgan Chase & Co restated a “buy” rating on shares of Netflix in a report on Wednesday, August 9th. BidaskClub cut shares of Netflix from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $215.00 price target on shares of Netflix in a report on Monday, August 14th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-seven have given a buy rating to the company. Netflix has an average rating of “Buy” and an average target price of $178.70.
Shares of Netflix (NFLX) opened at 182.35 on Friday. The stock has a 50 day moving average of $175.15 and a 200-day moving average of $159.15. The company has a market capitalization of $78.73 billion, a PE ratio of 221.84 and a beta of 1.05. Netflix has a one year low of $93.26 and a one year high of $191.50.
Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter last year, the firm posted $0.09 earnings per share. The firm’s revenue for the quarter was up 32.3% compared to the same quarter last year. On average, equities analysts forecast that Netflix will post $1.19 earnings per share for the current fiscal year.
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In related news, CEO Reed Hastings sold 115,577 shares of the stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $152.63, for a total value of $17,640,517.51. Following the completion of the transaction, the chief executive officer now directly owns 115,577 shares in the company, valued at approximately $17,640,517.51. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gregory K. Peters sold 12,768 shares of the stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $177.38, for a total transaction of $2,264,787.84. Following the completion of the transaction, the insider now owns 19,208 shares of the company’s stock, valued at $3,407,115.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 349,435 shares of company stock valued at $59,221,491. 4.90% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the stock. Alps Advisors Inc. bought a new position in shares of Netflix in the 2nd quarter worth about $262,000. Calamos Advisors LLC increased its stake in shares of Netflix by 198.5% in the 2nd quarter. Calamos Advisors LLC now owns 208,945 shares of the Internet television network’s stock worth $31,218,000 after acquiring an additional 138,945 shares in the last quarter. Guardian Life Insurance Co. of America increased its stake in shares of Netflix by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock worth $245,000 after acquiring an additional 11 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Netflix by 2.0% in the 1st quarter. Teachers Advisors LLC now owns 1,300,531 shares of the Internet television network’s stock worth $192,231,000 after acquiring an additional 25,266 shares in the last quarter. Finally, Banco Santander S.A. bought a new position in shares of Netflix in the 1st quarter worth about $43,264,000. Institutional investors own 81.05% 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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