Netflix Inc. (NFLX) Price Target Raised to $130.00 at Nomura
Other equities research analysts have also recently issued reports about the stock. Royal Bank Of Canada reiterated an outperform rating and issued a $140.00 price objective on shares of Netflix in a report on Tuesday, June 28th. Jefferies Group restated an underperform rating and set a $76.00 price target (down from $80.00) on shares of Netflix in a report on Sunday, July 17th. Wedbush restated an underperform rating and set a $50.00 price target (up from $45.00) on shares of Netflix in a report on Sunday, July 17th. SunTrust Banks Inc. restated a hold rating on shares of Netflix in a report on Sunday, July 17th. Finally, BTIG Research restated a buy rating and set a $130.00 price target (down from $150.00) on shares of Netflix in a report on Sunday, July 17th. Eight research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-eight have issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $115.73.
Netflix (NASDAQ:NFLX) opened at 118.86 on Tuesday. The firm has a market cap of $50.96 billion, a PE ratio of 371.44 and a beta of 1.14. The firm’s 50 day moving average price is $99.60 and its 200-day moving average price is $96.38. Netflix has a 52 week low of $79.95 and a 52 week high of $133.27.
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, topping the Zacks’ consensus estimate of $0.06 by $0.06. The firm earned $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Netflix had a net margin of 1.99% and a return on equity of 6.45%. Netflix’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.07 earnings per share. On average, analysts forecast that Netflix will post $0.28 EPS for the current year.
In other news, Director Jay C. Hoag acquired 600,000 shares of Netflix stock in a transaction dated Monday, July 25th. The shares were bought at an average cost of $86.43 per share, with a total value of $51,858,000.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Reed Hastings sold 116,431 shares of the company’s stock in a transaction on Thursday, July 21st. The shares were sold at an average price of $86.59, for a total transaction of $10,081,760.29. Following the completion of the sale, the chief executive officer now directly owns 116,431 shares in the company, valued at $10,081,760.29. The disclosure for this sale can be found here. 4.90% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the stock. Cornerstone Advisors Inc. raised its stake in Netflix by 25.6% in the second quarter. Cornerstone Advisors Inc. now owns 1,118 shares of the Internet television network’s stock worth $102,000 after buying an additional 228 shares in the last quarter. Signature Estate & Investment Advisors LLC purchased a new stake in Netflix during the second quarter worth approximately $124,000. Quadrant Capital Group LLC raised its stake in Netflix by 15.1% in the second quarter. Quadrant Capital Group LLC now owns 1,475 shares of the Internet television network’s stock worth $126,000 after buying an additional 194 shares in the last quarter. Coconut Grove Bank raised its stake in Netflix by 1.7% in the second quarter. Coconut Grove Bank now owns 1,526 shares of the Internet television network’s stock worth $140,000 after buying an additional 26 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its stake in Netflix by 15.3% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,690 shares of the Internet television network’s stock worth $155,000 after buying an additional 224 shares in the last quarter. 78.41% of the stock is currently 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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