Netflix Inc. (NFLX) Price Target Cut to $90.00 by Analysts at FBR & Co
Netflix Inc. (NASDAQ:NFLX) had its target price trimmed by FBR & Co from $100.00 to $90.00 in a research report sent to investors on Tuesday morning. The brokerage currently has a mkt perform rating on the Internet television network’s stock.
Other research analysts have also issued reports about the stock. Royal Bank Of Canada reissued an outperform rating and issued a $140.00 target price on shares of Netflix in a report on Tuesday, June 28th. Jefferies Group restated an underperform rating and issued a $76.00 price target (down from $80.00) on shares of Netflix in a research report on Sunday, July 17th. Wedbush restated an underperform rating and issued a $50.00 price target (up from $45.00) on shares of Netflix in a research report on Sunday, July 17th. SunTrust Banks Inc. restated a hold rating on shares of Netflix in a research report on Sunday, July 17th. Finally, BTIG Research restated a buy rating and issued a $130.00 price target (down from $150.00) on shares of Netflix in a research report on Sunday, July 17th. Eight research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-eight have assigned a buy rating to the stock. Netflix currently has a consensus rating of Hold and an average price target of $115.73.
Netflix (NASDAQ:NFLX) traded up 1.30% during mid-day trading on Tuesday, hitting $120.33. 3,917,680 shares of the stock were exchanged. Netflix has a 52-week low of $79.95 and a 52-week high of $133.27. The stock has a market cap of $51.59 billion, a price-to-earnings ratio of 376.03 and a beta of 1.14. The stock has a 50 day moving average of $99.60 and a 200-day moving average of $96.38.
Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, October 17th. The Internet television network reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. Netflix had a net margin of 1.99% and a return on equity of 6.45%. The firm earned $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period last year, the firm posted $0.07 earnings per share. Netflix’s revenue for the quarter was up 31.7% compared to the same quarter last year. Equities analysts predict that Netflix will post $0.28 EPS for the current fiscal year.
In other news, Director Richard N. Barton sold 1,400 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $93.58, for a total value of $131,012.00. Following the completion of the sale, the director now directly owns 15,562 shares of the company’s stock, valued at approximately $1,456,291.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Reed Hastings sold 116,431 shares of the firm’s stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $86.59, for a total value of $10,081,760.29. Following the completion of the sale, the chief executive officer now directly owns 116,431 shares of the company’s stock, valued at $10,081,760.29. The disclosure for this sale can be found here. 4.90% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the stock. Winslow Capital Management LLC acquired a new stake in Netflix during the second quarter valued at approximately $209,447,000. Capital World Investors boosted its stake in 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 in the last quarter. Jericho Capital Asset Management L.P. acquired a new stake in Netflix during the first quarter valued at approximately $94,076,000. Capital Research Global Investors boosted its stake in 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 in the last quarter. Finally, Criterion Capital Management LLC boosted its stake in 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 in the last quarter. 78.41% of the stock is owned by institutional investors and hedge funds.
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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