Netflix, Inc. (NASDAQ:NFLX) had its target price hoisted by Loop Capital from $228.00 to $242.00 in a research report report published on Tuesday morning. They currently have a buy rating on the Internet television network’s stock.
Several other equities research analysts have also recently issued reports on the stock. BMO Capital Markets restated a market perform rating and set a $205.00 price objective (up from $195.00) on shares of Netflix in a research report on Tuesday. UBS AG restated a buy rating and set a $237.00 price objective (up from $225.00) on shares of Netflix in a research report on Tuesday. Oppenheimer Holdings, Inc. raised their price objective on shares of Netflix from $215.00 to $245.00 and gave the stock an outperform rating in a research report on Tuesday. Pivotal Research raised their price objective on shares of Netflix from $200.00 to $270.00 and gave the stock a buy rating in a research report on Tuesday. Finally, Royal Bank Of Canada raised their price objective on shares of Netflix from $210.00 to $250.00 and gave the stock an outperform rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirty-four have given a buy rating to the company. Netflix has an average rating of Buy and a consensus target price of $205.69.
Netflix (NASDAQ:NFLX) traded down 0.50% during mid-day trading on Tuesday, hitting $194.16. 5,995,568 shares of the stock were exchanged. Netflix has a 52-week low of $110.68 and a 52-week high of $204.38. The stock has a market cap of $83.96 billion, a PE ratio of 193.97 and a beta of 1.09. The stock’s 50 day moving average is $186.73 and its 200 day moving average is $167.39.
Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same quarter in the previous year, the business posted $0.12 earnings per share. Netflix’s revenue for the quarter was up 30.3% on a year-over-year basis. Analysts forecast that Netflix will post $1.25 EPS for the current fiscal year.
In related news, Director Leslie J. Kilgore sold 868 shares of the stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $202.00, for a total transaction of $175,336.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jonathan Friedland sold 3,617 shares of the stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $203.35, for a total transaction of $735,516.95. The disclosure for this sale can be found here. In the last three months, insiders have sold 305,288 shares of company stock valued at $55,168,715. Corporate insiders own 4.90% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Almanack Investment Partners LLC. acquired a new stake in Netflix during the 2nd quarter worth approximately $101,000. TD Capital Management LLC acquired a new stake in Netflix during the 2nd quarter worth approximately $105,000. Appropriate Balance Financial Services Inc. increased its position in Netflix by 5.6% during the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 702 shares of the Internet television network’s stock worth $4,701,000 after purchasing an additional 37 shares in the last quarter. SRS Capital Advisors Inc. increased its position in Netflix by 3,361.9% during the 1st quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock worth $107,000 after purchasing an additional 706 shares in the last quarter. Finally, Harfst & Associates Inc. acquired a new stake in Netflix during the 1st quarter worth approximately $109,000. 81.02% of the stock is owned by hedge funds and other institutional investors.
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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