Netflix, Inc. (NFLX) Stock Rating Reaffirmed by FBR & Co
Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “hold” rating reissued by investment analysts at FBR & Co in a research report issued to clients and investors on Thursday.
Other analysts have also recently issued research reports about the stock. Canaccord Genuity lifted their target price on shares of Netflix from $165.00 to $175.00 and gave the company a “buy” rating in a report on Friday, June 16th. Vetr raised shares of Netflix from a “hold” rating to a “buy” rating and set a $168.81 target price on the stock in a report on Monday, June 12th. MKM Partners reaffirmed a “buy” rating and issued a $195.00 target price on shares of Netflix in a report on Monday, July 10th. Goldman Sachs Group, Inc. (The) set a $175.00 target price on shares of Netflix and gave the company a “buy” rating in a report on Wednesday, June 28th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $180.00 target price (up from $175.00) on shares of Netflix in a report on Tuesday, June 20th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirty-one have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $185.18.
Netflix (NASDAQ NFLX) opened at 198.02 on Thursday. The stock has a market cap of $85.49 billion, a P/E ratio of 240.90 and a beta of 1.09. The stock has a 50 day moving average price of $178.79 and a 200-day moving average price of $163.66. Netflix has a 52 week low of $97.63 and a 52 week high of $198.92. Netflix also was the target of some unusual options trading activity on Thursday. Traders bought 122,784 call options on the stock. This is an increase of approximately 283% compared to the average daily volume of 32,078 call options.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Netflix had a return on equity of 12.82% and a net margin of 3.55%. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter in the prior year, the firm earned $0.09 EPS. The firm’s revenue was up 32.3% compared to the same quarter last year. On average, equities analysts anticipate that Netflix will post $1.17 EPS for the current fiscal year.
In other news, Director Richard N. Barton sold 2,000 shares of the firm’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $169.18, for a total transaction of $338,360.00. Following the transaction, the director now directly owns 8,012 shares of the company’s stock, valued at $1,355,470.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Reed Hastings sold 109,214 shares of the firm’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $188.61, for a total value of $20,598,852.54. Following the transaction, the chief executive officer now directly owns 109,214 shares in the company, valued at $20,598,852.54. The disclosure for this sale can be found here. Insiders sold 316,067 shares of company stock worth $56,923,386 over the last ninety days. 4.90% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in NFLX. Almanack Investment Partners LLC. acquired a new position in shares of Netflix in the 2nd quarter valued at $101,000. TD Capital Management LLC acquired a new position in shares of Netflix in the 2nd quarter valued at $105,000. SRS Capital Advisors Inc. boosted its position in shares of Netflix by 3,361.9% in the 1st quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock valued at $107,000 after purchasing an additional 706 shares during the period. Harfst & Associates Inc. acquired a new position in shares of Netflix in the 1st quarter valued at $109,000. Finally, Aviance Capital Management LLC acquired a new position in shares of Netflix in the 2nd quarter valued at $137,000. 81.03% of the stock is owned by institutional investors and hedge funds.
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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