Goldman Sachs Group, Inc. (The) reaffirmed their buy rating on shares of Netflix, Inc. (NASDAQ:NFLX) in a research note published on Friday, Marketbeat reports. They currently have a $235.00 target price on the Internet television network’s stock, up from their previous target price of $200.00.
A number of other brokerages also recently issued reports on NFLX. Piper Jaffray Companies reiterated a buy rating and issued a $215.00 price target on shares of Netflix in a research note on Monday, September 18th. Royal Bank Of Canada reiterated an outperform rating and issued a $210.00 price target on shares of Netflix in a research note on Friday, October 6th. Vetr upgraded shares of Netflix from a sell rating to a hold rating and set a $165.75 price target for the company in a research note on Thursday, August 10th. MKM Partners reiterated a buy rating and issued a $195.00 price target on shares of Netflix in a research note on Monday, July 10th. Finally, J P Morgan Chase & Co reiterated a buy rating on shares of Netflix in a research note on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and thirty-one have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $191.42.
Netflix (NASDAQ:NFLX) opened at 202.68 on Friday. The company’s 50 day moving average is $183.35 and its 200 day moving average is $165.87. Netflix has a 1-year low of $98.38 and a 1-year high of $202.83. The company has a market cap of $87.51 billion, a price-to-earnings ratio of 246.57 and a beta of 1.09.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). Netflix had a return on equity of 12.82% and a net margin of 3.55%. The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.97 billion. During the same quarter in the prior year, the firm earned $0.12 EPS. The firm’s revenue was up 30.3% compared to the same quarter last year. Equities research analysts forecast that Netflix will post $1.19 EPS for the current year.
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In other Netflix news, Director Leslie J. Kilgore sold 903 shares of the stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $194.00, for a total value of $175,182.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathan Friedland sold 2,496 shares of the stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $182.17, for a total value of $454,696.32. Following the transaction, the insider now owns 1,232 shares of the company’s stock, valued at $224,433.44. The disclosure for this sale can be found here. Insiders sold 303,299 shares of company stock valued at $54,712,558 in the last ninety days. 4.90% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. Almanack Investment Partners LLC. purchased a new position in shares of Netflix during the 2nd quarter valued at approximately $101,000. TD Capital Management LLC purchased a new position in shares of Netflix during the 2nd quarter valued at approximately $105,000. SRS Capital Advisors Inc. boosted its stake in shares of Netflix by 3,361.9% during 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 position in shares of Netflix during the 1st quarter valued at approximately $109,000. Finally, Aviance Capital Management LLC purchased a new position in shares of Netflix during the 2nd quarter valued at approximately $137,000. Institutional investors own 81.02% 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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