Netflix, Inc. (NASDAQ:NFLX) received a $165.00 price target from stock analysts at Jefferies Group LLC in a research note issued to investors on Monday. The firm presently has a “neutral” rating on the Internet television network’s stock. Jefferies Group LLC’s price objective would suggest a potential downside of 11.14% from the company’s current price.
A number of other equities analysts have also recently commented on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Netflix in a research report on Sunday. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Netflix in a research report on Tuesday, September 12th. Guggenheim reaffirmed a “buy” rating and set a $210.00 price objective (up from $190.00) on shares of Netflix in a research report on Tuesday, September 12th. Loop Capital reaffirmed a “buy” rating and set a $212.00 price objective (up from $205.00) on shares of Netflix in a research report on Thursday, September 7th. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $175.00 price objective on shares of Netflix in a research report on Thursday, September 7th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $178.99.
Netflix (NFLX) opened at 185.68 on Monday. The company’s 50-day moving average is $175.28 and its 200 day moving average is $160.06. The firm has a market capitalization of $80.17 billion, a PE ratio of 225.89 and a beta of 1.05. Netflix has a 1-year low of $93.26 and a 1-year high of $191.50.
Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the Zacks’ 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 company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same period last year, the firm earned $0.09 earnings per share. The company’s revenue for the quarter was up 32.3% compared to the same quarter last year. On average, equities analysts expect that Netflix will post $1.19 EPS for the current fiscal year.
In related news, CEO Reed Hastings sold 109,214 shares of the stock in a transaction on Monday, July 24th. The stock was sold at an average price of $188.61, for a total value of $20,598,852.54. Following the completion of the sale, the chief executive officer now directly owns 109,214 shares of the company’s stock, valued at approximately $20,598,852.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard N. Barton sold 2,000 shares of the stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $154.31, for a total value of $308,620.00. Following the completion of the sale, the director now directly owns 8,012 shares of the company’s stock, valued at $1,236,331.72. The disclosure for this sale can be found here. Insiders have sold 233,858 shares of company stock worth $41,580,973 over the last ninety days. 4.90% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NFLX. Almanack Investment Partners LLC. purchased a new stake in Netflix in the 2nd quarter valued at $101,000. TD Capital Management LLC purchased a new stake in Netflix in the 2nd quarter valued at $105,000. SRS Capital Advisors Inc. raised its position in Netflix by 3,361.9% in the 1st 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 during the last quarter. Harfst & Associates Inc. purchased a new stake in Netflix in the 1st quarter valued at $109,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in Netflix by 24.2% in the 1st 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 during the last quarter. 81.03% of the stock is owned by institutional investors and hedge funds.
Netflix Company Profile
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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