Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “outperform” rating restated by investment analysts at CIBC in a research note issued to investors on Friday. They presently have a $215.00 price objective on the Internet television network’s stock, up from their prior price objective of $200.00. CIBC’s price objective would suggest a potential upside of 8.57% from the stock’s previous close.
Several other analysts also recently weighed in on NFLX. Jefferies Group LLC restated a “hold” rating and set a $165.00 price objective (down from $171.80) on shares of Netflix in a research report on Wednesday, August 9th. Robert W. Baird restated a “hold” rating and set a $175.00 price objective on shares of Netflix in a research report on Wednesday. Wedbush restated a “sell” rating on shares of Netflix in a research report on Wednesday, August 9th. J P Morgan Chase & Co restated a “buy” rating on shares of Netflix in a research report on Wednesday, August 9th. Finally, BidaskClub downgraded Netflix from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirty-one have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $185.18.
Shares of Netflix (NASDAQ:NFLX) opened at 198.02 on Friday. The stock has a 50 day moving average price of $178.79 and a 200-day moving average price of $163.66. The firm has a market capitalization of $85.49 billion, a price-to-earnings ratio of 240.90 and a beta of 1.09. Netflix has a 52 week low of $97.63 and a 52 week high of $198.92. Netflix also was the target of unusually large options trading on Thursday. Investors acquired 122,784 call options on the stock. This represents an increase of 283% compared to the average daily volume of 32,078 call options.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings data 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 business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the prior year, the company earned $0.09 earnings per share. Netflix’s quarterly revenue was up 32.3% compared to the same quarter last year. On average, equities research analysts forecast that Netflix will post $1.17 earnings per share for the current year.
In other news, Director Leslie J. Kilgore sold 903 shares of Netflix stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $194.00, for a total value of $175,182.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard N. Barton sold 2,000 shares of Netflix stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $169.18, for a total value of $338,360.00. Following the completion of the transaction, the director now owns 8,012 shares of the company’s stock, valued at $1,355,470.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 316,067 shares of company stock valued at $56,923,386. 4.90% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in NFLX. Almanack Investment Partners LLC. purchased a new position in shares of Netflix in the second quarter valued at $101,000. TD Capital Management LLC purchased a new position in shares of Netflix in the second quarter valued at $105,000. SRS Capital Advisors Inc. grew 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 purchasing an additional 706 shares in the last quarter. Harfst & Associates Inc. purchased a new position in shares of Netflix in the first quarter valued at $109,000. Finally, Aviance Capital Management LLC purchased a new position in shares of Netflix in the second quarter valued at $137,000. Institutional investors own 81.03% of the company’s stock.
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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