Netflix Inc. (NFLX) PT Set at $120.00 by Raymond James Financial Inc.
Netflix Inc. (NASDAQ:NFLX) received a $120.00 price objective from analysts at Raymond James Financial Inc. in a research note issued to investors on Monday. The firm currently has a a “buy” rating on the Internet television network’s stock. Raymond James Financial Inc.’s price target would indicate a potential upside of 16.13% from the stock’s previous close.
Several other research analysts also recently commented on the stock. Jefferies Group reaffirmed a “hold” rating and issued a $120.00 price target on shares of Netflix in a research note on Monday, July 11th. Cantor Fitzgerald reissued a “buy” rating on shares of Netflix in a research report on Sunday, August 14th. FBR & Co reissued a “market perform” rating and set a $90.00 target price (down previously from $104.00) on shares of Netflix in a research report on Sunday, July 17th. Piper Jaffray Cos. reissued an “overweight” rating and set a $122.00 target price on shares of Netflix in a research report on Tuesday, July 12th. Finally, Vetr downgraded shares of Netflix from a “strong-buy” rating to a “buy” rating and set a $102.41 target price on the stock. in a research report on Wednesday, July 27th. Eight research 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 an average rating of “Hold” and an average price target of $110.31.
Shares of Netflix (NASDAQ:NFLX) traded down 3.266% on Monday, hitting $99.955. 6,664,156 shares of the stock traded hands. Netflix has a 52-week low of $79.95 and a 52-week high of $133.27. The stock’s 50 day moving average price is $98.41 and its 200 day moving average price is $96.32. The stock has a market cap of $42.85 billion, a P/E ratio of 312.359 and a beta of 1.14.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, July 18th. The Internet television network reported $0.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.07. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.11 billion. Netflix had a net margin of 1.85% and a return on equity of 5.59%. The firm’s revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.06 EPS. On average, equities analysts expect that Netflix will post $0.28 EPS for the current fiscal year.
In other news, CEO Reed Hastings sold 116,431 shares of the stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $86.59, for a total value of $10,081,760.29. Following the completion of the transaction, the chief executive officer now owns 116,431 shares of the company’s stock, valued at $10,081,760.29. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard N. Barton sold 2,800 shares of the stock in a transaction on Thursday, October 6th. The stock was sold at an average price of $104.27, for a total value of $291,956.00. Following the completion of the transaction, the director now directly owns 15,254 shares of the company’s stock, valued at approximately $1,590,534.58. The disclosure for this sale can be found here. Corporate insiders own 4.90% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Winslow Capital Management LLC purchased a new stake in shares of Netflix during the second quarter valued at $209,447,000. Capital World Investors raised its stake in shares of Netflix by 32.4% in the second quarter. Capital World Investors now owns 6,656,926 shares of the Internet television network’s stock valued at $608,976,000 after buying an additional 1,630,881 shares during the period. Jericho Capital Asset Management L.P. purchased a new stake in shares of Netflix during the first quarter valued at $94,076,000. Capital Research Global Investors raised its stake in shares of Netflix by 1.5% in the second quarter. Capital Research Global Investors now owns 49,967,802 shares of the Internet television network’s stock valued at $4,571,055,000 after buying an additional 761,325 shares during the period. Finally, Criterion Capital Management LLC raised its stake in shares of Netflix by 241.5% in the second quarter. Criterion Capital Management LLC now owns 991,469 shares of the Internet television network’s stock valued at $90,700,000 after buying an additional 701,119 shares during the period. 78.43% of the stock is owned by institutional investors.
Netflix Company Profile
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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