Netflix, Inc. (NFLX) Earns “Outperform” Rating from Cowen and Company
Cowen and Company restated their outperform rating on shares of Netflix, Inc. (NASDAQ:NFLX) in a research note issued to investors on Tuesday. Cowen and Company currently has a $170.00 price objective on the Internet television network’s stock.
Other analysts also recently issued research reports about the company. Cantor Fitzgerald upped their price target on Netflix to $160.00 in a research note on Thursday, January 19th. Loop Capital restated a buy rating and issued a $151.00 price target on shares of Netflix in a research note on Thursday, December 22nd. Canaccord Genuity restated a buy rating and issued a $140.00 price target on shares of Netflix in a research note on Wednesday, December 21st. Brean Capital restated a buy rating on shares of Netflix in a research note on Friday, December 30th. Finally, Stifel Nicolaus upped their price target on Netflix from $140.00 to $150.00 and gave the stock a buy rating in a research note on Wednesday, December 21st. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-six have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $145.35.
Netflix (NASDAQ:NFLX) traded up 0.09% during midday trading on Tuesday, reaching $141.30. The company had a trading volume of 2,493,908 shares. Netflix has a one year low of $84.50 and a one year high of $148.29. The company has a 50-day moving average price of $143.46 and a 200-day moving average price of $130.69. The stock has a market capitalization of $60.82 billion, a price-to-earnings ratio of 328.60 and a beta of 1.27.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, April 17th. The Internet television network reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.03. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.64 billion. Netflix had a return on equity of 7.51% and a net margin of 2.11%. The firm’s quarterly revenue was up 34.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.06 EPS. On average, equities analysts expect that Netflix will post $1.05 earnings per share for the current year.
In related news, Director Richard N. Barton sold 2,000 shares of the business’s stock in a transaction on Wednesday, April 19th. The shares were sold at an average price of $145.38, for a total transaction of $290,760.00. Following the completion of the transaction, the director now directly owns 8,012 shares in the company, valued at $1,164,784.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard N. Barton sold 1,000 shares of the business’s stock in a transaction on Tuesday, April 18th. The shares were sold at an average price of $147.39, for a total transaction of $147,390.00. Following the transaction, the director now owns 8,012 shares of the company’s stock, valued at $1,180,888.68. The disclosure for this sale can be found here. Insiders have sold 236,281 shares of company stock valued at $34,047,161 over the last 90 days. 4.90% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of NFLX. Patriot Financial Group Insurance Agency LLC acquired a new position in Netflix during the fourth quarter worth about $114,000. CENTRAL TRUST Co increased its position in Netflix by 408.4% in the first quarter. CENTRAL TRUST Co now owns 849 shares of the Internet television network’s stock worth $125,000 after buying an additional 682 shares in the last quarter. Intellectus Partners LLC acquired a new position in Netflix during the fourth quarter worth about $117,000. SFE Investment Counsel acquired a new position in Netflix during the first quarter worth about $207,000. Finally, Vicus Capital acquired a new position in Netflix during the first quarter worth about $208,000. Institutional investors own 80.42% of the company’s stock.
Netflix Company Profile
Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.
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