Netflix Inc. (NFLX) Price Target Lowered to $90.00 at FBR & Co
Netflix Inc. (NASDAQ:NFLX) had its price target trimmed by FBR & Co from $100.00 to $90.00 in a report released on Tuesday morning. The brokerage currently has a mkt perform rating on the Internet television network’s stock.
Other research analysts have also recently issued reports about the company. Pacific Crest reissued a buy rating and set a $130.00 price objective on shares of Netflix in a report on Wednesday, June 22nd. Zacks Investment Research raised Netflix from a hold rating to a buy rating and set a $105.00 price objective for the company in a report on Tuesday, June 21st. Nomura reissued a buy rating and set a $115.00 price objective (down from $125.00) on shares of Netflix in a report on Monday, June 20th. Cantor Fitzgerald reissued a buy rating and set a $140.00 price objective on shares of Netflix in a report on Thursday, June 23rd. Finally, Vetr lowered Netflix from a strong-buy rating to a buy rating and set a $107.96 target price for the company. in a research note on Monday, July 4th. Eight investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $115.73.
Shares of Netflix (NASDAQ:NFLX) opened at 118.79 on Tuesday. Netflix has a 1-year low of $79.95 and a 1-year high of $133.27. The firm’s 50-day moving average is $99.60 and its 200-day moving average is $96.38. The stock has a market capitalization of $50.93 billion, a price-to-earnings ratio of 371.22 and a beta of 1.14.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, October 17th. The Internet television network reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.06. The company earned $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Netflix had a return on equity of 6.45% and a net margin of 1.99%. The business’s revenue was up 31.7% on a year-over-year basis. During the same period last year, the business earned $0.07 earnings per share. On average, analysts predict that Netflix will post $0.28 earnings per share for the current fiscal year.
In related news, Director Jay C. Hoag purchased 600,000 shares of the firm’s stock in a transaction dated Monday, July 25th. The stock was bought at an average price of $86.43 per share, with a total value of $51,858,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard N. Barton sold 700 shares of the stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $93.87, for a total value of $65,709.00. Following the completion of the sale, the director now directly owns 15,562 shares of the company’s stock, valued at approximately $1,460,804.94. The disclosure for this sale can be found here. 4.90% of the stock is owned by insiders.
Several large investors have recently modified their holdings of NFLX. Winslow Capital Management LLC bought a new stake in shares of Netflix during the second quarter valued at $209,447,000. Capital World Investors boosted 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 last quarter. Jericho Capital Asset Management L.P. bought a new stake in shares of Netflix during the first quarter valued at $94,076,000. Capital Research Global Investors boosted 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 last quarter. Finally, Criterion Capital Management LLC boosted 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 last quarter. 78.41% of the stock is owned by institutional investors.
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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