Netflix Inc. (NFLX) Rating Reiterated by FBR & Co
Netflix Inc. (NASDAQ:NFLX)‘s stock had its “market perform” rating restated by equities research analysts at FBR & Co in a report issued on Wednesday. They currently have a $90.00 price target on the Internet television network’s stock. FBR & Co’s target price would indicate a potential downside of 14.34% from the company’s current price.
A number of other brokerages also recently commented on NFLX. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $116.00 price objective (down previously from $125.00) on shares of Netflix in a research report on Tuesday, July 19th. MKM Partners decreased their price objective on shares of Netflix from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, July 20th. Vetr raised shares of Netflix from a “hold” rating to a “buy” rating and set a $103.71 price objective for the company in a research report on Thursday, September 8th. BMO Capital Markets reaffirmed a “market perform” rating and set a $85.00 target price on shares of Netflix in a report on Thursday, July 28th. Finally, Jefferies Group reaffirmed an “underperform” rating and set a $76.00 target price on shares of Netflix in a report on Friday, September 23rd. Seven investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $110.97.
Netflix (NASDAQ:NFLX) opened at 105.07 on Wednesday. Netflix has a 52-week low of $79.95 and a 52-week high of $133.27. The company has a 50-day moving average of $97.95 and a 200 day moving average of $96.30. The firm has a market cap of $45.05 billion, a price-to-earnings ratio of 328.34 and a beta of 1.14.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, July 18th. The Internet television network reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. Netflix had a net margin of 1.85% and a return on equity of 5.59%. The company earned $2.11 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter last year, the firm posted $0.06 EPS. The company’s quarterly revenue was up 19.5% on a year-over-year basis. On average, equities research analysts anticipate that Netflix will post $0.28 EPS for the current year.
In related news, Director Richard N. Barton sold 1,400 shares of the company’s stock in a transaction dated Tuesday, July 12th. The shares were sold at an average price of $95.63, for a total value of $133,882.00. Following the transaction, the director now owns 15,562 shares in the company, valued at approximately $1,488,194.06. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard N. Barton sold 2,800 shares of the company’s stock in a transaction dated Thursday, October 6th. The stock was sold at an average price of $104.27, for a total transaction of $291,956.00. Following the completion of the transaction, the director now owns 15,254 shares in the company, valued at approximately $1,590,534.58. The disclosure for this sale can be found here. Insiders own 4.90% of the company’s stock.
A number of institutional investors have recently made changes to their positions in NFLX. Adage Capital Partners GP L.L.C. boosted its position in shares of Netflix by 69.9% in the first quarter. Adage Capital Partners GP L.L.C. now owns 645,960 shares of the Internet television network’s stock worth $66,036,000 after buying an additional 265,678 shares during the last quarter. Scopia Capital Management LP boosted its position in shares of Netflix by 55.2% in the first quarter. Scopia Capital Management LP now owns 1,846,398 shares of the Internet television network’s stock worth $188,757,000 after buying an additional 656,585 shares during the last quarter. Natixis purchased a new position in shares of Netflix during the first quarter worth about $47,023,000. Private Capital Management Inc. purchased a new position in shares of Netflix during the second quarter worth about $631,000. Finally, Allen Investment Management LLC boosted its position in shares of Netflix by 2.6% in the first quarter. Allen Investment Management LLC now owns 30,941 shares of the Internet television network’s stock worth $3,163,000 after buying an additional 778 shares during the last quarter. Institutional investors own 78.43% of the company’s stock.
Netflix, Inc (Netflix) is a provider of Internet television network. The Company’s members can watch original series, documentaries and feature films in Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content.
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