Netflix, Inc. (NFLX) Stock Rating Reaffirmed by Wells Fargo & Company

Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “outperform” rating reaffirmed by analysts at Wells Fargo & Company in a report issued on Friday.

Several other research firms also recently weighed in on NFLX. Cantor Fitzgerald reiterated a “buy” rating and issued a $205.00 target price on shares of Netflix in a report on Thursday. KeyCorp reiterated a “buy” rating and issued a $206.00 target price on shares of Netflix in a report on Thursday. FBR & Co reiterated a “hold” rating on shares of Netflix in a report on Thursday. Oppenheimer Holdings, Inc. lifted their target price on shares of Netflix from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Friday. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $210.00 target price on shares of Netflix in a report on Friday. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirty-one have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $185.18.

Netflix (NFLX) opened at 198.02 on Friday. The stock’s 50 day moving average price is $178.79 and its 200-day moving average price is $163.66. The company has a market cap of $85.49 billion, a PE ratio of 240.90 and a beta of 1.09. Netflix has a 1-year low of $97.63 and a 1-year high of $198.92. Netflix also was the recipient of some unusual options trading activity on Thursday. Traders acquired 122,784 call options on the stock. This represents an increase of approximately 283% compared to the typical volume of 32,078 call options.

Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.01). Netflix had a net margin of 3.55% and a return on equity of 12.82%. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same quarter last year, the business posted $0.09 EPS. The firm’s revenue for the quarter was up 32.3% on a year-over-year basis. On average, analysts forecast that Netflix will post $1.17 earnings per share for the current year.

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In other Netflix news, Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $165.72, for a total transaction of $331,440.00. Following the transaction, the director now directly owns 8,012 shares in the company, valued at $1,327,748.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Reed Hastings sold 109,214 shares of the company’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $188.61, for a total transaction of $20,598,852.54. Following the transaction, the chief executive officer now owns 109,214 shares in the company, valued at $20,598,852.54. The disclosure for this sale can be found here. Insiders have sold 316,067 shares of company stock worth $56,923,386 over the last 90 days. 4.90% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC grew its position in shares of Netflix by 12.4% in the second quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock valued at $3,531,042,000 after purchasing an additional 2,605,731 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Netflix by 3,478.1% in the second quarter. Janus Henderson Group PLC now owns 2,041,458 shares of the Internet television network’s stock valued at $305,014,000 after purchasing an additional 1,984,404 shares during the last quarter. Jennison Associates LLC grew its position in shares of Netflix by 14.0% in the second quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network’s stock valued at $2,208,891,000 after purchasing an additional 1,814,056 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Netflix by 3.5% in the first quarter. Vanguard Group Inc. now owns 27,161,082 shares of the Internet television network’s stock valued at $4,014,680,000 after purchasing an additional 921,283 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. grew its position in shares of 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 valued at $121,708,000 after purchasing an additional 811,007 shares during the last quarter. Institutional investors own 81.03% 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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