Brokerages Set Netflix Inc. (NFLX) Target Price at $117.50
Shares of Netflix Inc. (NASDAQ:NFLX) have been given an average rating of “Hold” by the fifty ratings firms that are presently covering the stock. Eight investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-eight have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $117.99.
A number of research firms have recently commented on NFLX. Cantor Fitzgerald reaffirmed a “buy” rating and set a $135.00 price objective on shares of Netflix in a report on Thursday, October 27th. FBR & Co reissued a “market perform” rating and set a $100.00 price target on shares of Netflix in a report on Sunday, October 30th. Guggenheim reissued a “buy” rating and set a $140.00 price target (up from $135.00) on shares of Netflix in a report on Wednesday, October 26th. Evercore ISI reissued a “sell” rating and set a $101.00 price target (up from $77.00) on shares of Netflix in a report on Friday, October 21st. Finally, FBN Securities reissued an “outperform” rating and set a $130.00 price target (up from $95.00) on shares of Netflix in a report on Friday, October 21st.
In other Netflix news, Director Richard N. Barton sold 1,400 shares of Netflix stock in a transaction dated Monday, October 24th. The stock was sold at an average price of $127.42, for a total transaction of $178,388.00. Following the completion of the transaction, the director now owns 16,262 shares of the company’s stock, valued at approximately $2,072,104.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Theodore A. Sarandos sold 91,966 shares of Netflix stock in a transaction dated Tuesday, October 18th. The shares were sold at an average price of $116.63, for a total value of $10,725,994.58. Following the transaction, the insider now directly owns 15,204 shares of the company’s stock, valued at approximately $1,773,242.52. The disclosure for this sale can be found here. Company insiders own 4.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. National Pension Service raised its position in Netflix by 4.2% in the first quarter. National Pension Service now owns 215,392 shares of the Internet television network’s stock worth $22,020,000 after buying an additional 8,623 shares during the last quarter. Adage Capital Partners GP L.L.C. raised 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 valued at $66,036,000 after buying an additional 265,678 shares during the last quarter. Allen Investment Management LLC raised its position in shares of Netflix by 2.6% in the first quarter. Allen Investment Management LLC now owns 30,941 shares of the Internet television network’s stock valued at $3,163,000 after buying an additional 778 shares during the last quarter. Wealthsource Partners LLC acquired a new position in shares of Netflix during the first quarter valued at approximately $246,000. Finally, Legal & General Group Plc raised its position in shares of Netflix by 1.0% in the first quarter. Legal & General Group Plc now owns 1,664,262 shares of the Internet television network’s stock valued at $170,138,000 after buying an additional 16,883 shares during the last quarter. 78.43% of the stock is owned by institutional investors and hedge funds.
Netflix (NASDAQ:NFLX) opened at 114.78 on Wednesday. The stock has a 50 day moving average of $112.44 and a 200 day moving average of $99.09. The company has a market capitalization of $49.26 billion, a PE ratio of 310.22 and a beta of 1.81. Netflix has a 12-month low of $79.95 and a 12-month high of $133.27.
Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, October 17th. The Internet television network reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. The company earned $2.29 billion during the quarter, compared to the consensus estimate of $2.28 billion. Netflix had a net margin of 1.99% and a return on equity of 6.31%. The firm’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same period last year, the firm earned $0.07 EPS. On average, equities research analysts predict that Netflix will post $0.40 EPS for the current year.
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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