Netflix’s (NFLX) Buy Rating Reiterated at Cantor Fitzgerald
Cantor Fitzgerald reaffirmed their buy rating on shares of Netflix, Inc. (NASDAQ:NFLX) in a report issued on Thursday. The brokerage currently has a $205.00 target price on the Internet television network’s stock.
A number of other analysts have also issued reports on NFLX. FBR & Co reissued a hold rating on shares of Netflix in a research report on Thursday. Jefferies Group LLC reissued a hold rating and issued a $165.00 price target (down from $171.80) on shares of Netflix in a research report on Wednesday, August 9th. Robert W. Baird reaffirmed a hold rating and set a $175.00 price objective on shares of Netflix in a research report on Wednesday, October 4th. Wedbush reaffirmed a sell rating on shares of Netflix in a research report on Wednesday, August 9th. Finally, CIBC reaffirmed an outperform rating and set a $215.00 price objective (up previously from $200.00) on shares of Netflix in a research report on Friday. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirty-one have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $187.13.
Netflix (NFLX) opened at 198.02 on Thursday. The firm has a market cap of $85.49 billion, a price-to-earnings ratio of 240.90 and a beta of 1.09. The company’s 50-day moving average is $178.79 and its 200 day moving average is $163.66. Netflix has a 12 month low of $97.63 and a 12 month high of $198.92.
Netflix (NASDAQ:NFLX) last posted 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). The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Netflix had a return on equity of 12.82% and a net margin of 3.55%. Netflix’s revenue for the quarter was up 32.3% compared to the same quarter last year. During the same period last year, the company earned $0.09 earnings per share. On average, equities research analysts predict that Netflix will post $1.17 earnings per share for the current year.
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In other Netflix news, insider Gregory K. Peters sold 12,768 shares of Netflix stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $177.38, for a total transaction of $2,264,787.84. Following the sale, the insider now owns 19,208 shares in the company, valued at $3,407,115.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Leslie J. Kilgore sold 903 shares of Netflix stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $194.00, for a total transaction of $175,182.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 316,067 shares of company stock worth $56,923,386. 4.90% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of NFLX. Almanack Investment Partners LLC. acquired a new stake in Netflix during the second quarter worth $101,000. TD Capital Management LLC acquired a new stake in Netflix during the second quarter worth $105,000. SRS Capital Advisors Inc. boosted its stake in Netflix by 3,361.9% during the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock worth $107,000 after buying an additional 706 shares in the last quarter. Harfst & Associates Inc. acquired a new stake in Netflix during the first quarter worth $109,000. Finally, Aviance Capital Management LLC acquired a new stake in Netflix during the second quarter worth $137,000. Hedge funds and other institutional investors own 81.03% 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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