Netflix Inc. (NFLX) PT Raised to $100.00
Netflix Inc. (NASDAQ:NFLX) had its price objective lifted by FBR & Co from $90.00 to $100.00 in a research note issued on Tuesday. The brokerage presently has a “market perform” rating on the Internet television network’s stock. FBR & Co’s target price would indicate a potential downside of 15.82% from the stock’s previous close.
NFLX has been the subject of several other reports. Vetr raised shares of Netflix from a “hold” rating to a “buy” rating and set a $102.90 target price for the company in a research note on Tuesday, September 20th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Netflix in a report on Friday, September 9th. Wedbush set a $45.00 price target on Netflix and gave the company a “sell” rating in a report on Thursday, October 13th. RBC Capital Markets reaffirmed an “outperform” rating and set a $130.00 price target on shares of Netflix in a report on Monday, August 29th. Finally, Jefferies Group reaffirmed an “underperform” rating and set a $76.00 price target on shares of Netflix in a report on Friday, September 23rd. Eight research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $115.73.
Shares of Netflix (NASDAQ:NFLX) opened at 118.79 on Tuesday. The stock has a 50 day moving average of $99.60 and a 200 day moving average of $96.38. Netflix has a 12-month low of $79.95 and a 12-month high of $133.27. The company has a market cap of $50.93 billion, a price-to-earnings ratio of 371.22 and a beta of 1.14.
Netflix (NASDAQ:NFLX) last released its earnings results on Monday, October 17th. The Internet television network reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.06. Netflix had a net margin of 1.99% and a return on equity of 6.45%. The business earned $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same period last year, the business earned $0.07 earnings per share. The firm’s revenue was up 31.7% on a year-over-year basis. On average, equities analysts expect that Netflix will post $0.28 earnings per share for the current fiscal year.
In other Netflix news, CEO Reed Hastings sold 116,431 shares of the company’s 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 in the company, valued at approximately $10,081,760.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 2,800 shares of the company’s stock in a transaction on Thursday, October 6th. The shares were 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 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. 4.90% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Adage Capital Partners GP L.L.C. increased 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 period. Scopia Capital Management LP increased 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 period. Natixis acquired a new position in shares of Netflix during the first quarter worth about $47,023,000. Private Capital Management Inc. acquired a new position in shares of Netflix during the second quarter worth about $631,000. Finally, Advisory Services Network LLC increased its position in shares of Netflix by 15.0% in the second quarter. Advisory Services Network LLC now owns 5,415 shares of the Internet television network’s stock worth $495,000 after buying an additional 706 shares during the period. Hedge funds and other institutional investors own 78.41% 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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