Netflix, Inc. (NFLX) Stock Rating Reaffirmed by Buckingham Research
Buckingham Research reissued their buy rating on shares of Netflix, Inc. (NASDAQ:NFLX) in a research note published on Monday morning. Buckingham Research currently has a $214.00 target price on the Internet television network’s stock.
A number of other analysts have also recently commented on the stock. Loop Capital boosted their target price on shares of Netflix from $212.00 to $228.00 and gave the stock a buy rating in a research note on Monday. Wedbush reissued an underperform rating and set a $180.00 target price (up previously from $165.00) on shares of Netflix in a research note on Sunday, October 8th. Rosenblatt Securities reissued a buy rating and set a $225.00 target price (up previously from $200.00) on shares of Netflix in a research note on Friday, October 6th. Guggenheim reissued a buy rating and set a $225.00 target price (up previously from $210.00) on shares of Netflix in a research note on Friday, October 6th. Finally, Wells Fargo & Company reissued an outperform rating on shares of Netflix in a research note on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and thirty have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $189.92.
Netflix (NASDAQ NFLX) opened at 199.64 on Monday. Netflix has a 12 month low of $98.38 and a 12 month high of $200.82. The stock has a market cap of $86.19 billion, a price-to-earnings ratio of 242.87 and a beta of 1.09. The stock’s 50 day moving average price is $181.96 and its 200-day moving average price is $165.19.
Netflix (NASDAQ:NFLX) last released its earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The company had revenue of $2.79 billion for 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%. The firm’s revenue for the quarter was up 32.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 EPS. Equities analysts expect that Netflix will post $1.18 EPS for the current year.
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In other news, Director Richard N. Barton sold 2,000 shares of the firm’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $196.16, for a total value of $392,320.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jonathan Friedland sold 2,496 shares of the firm’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $182.17, for a total transaction of $454,696.32. Following the completion of the sale, the insider now owns 1,232 shares of the company’s stock, valued at approximately $224,433.44. The disclosure for this sale can be found here. Insiders sold a total of 318,067 shares of company stock valued at $57,315,706 in the last 90 days. Company insiders own 4.90% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Almanack Investment Partners LLC. acquired a new stake in shares of Netflix in the second quarter valued at about $101,000. TD Capital Management LLC acquired a new stake in shares of Netflix in the second quarter valued at about $105,000. Appropriate Balance Financial Services Inc. lifted its stake in shares of Netflix by 5.6% in the second quarter. Appropriate Balance Financial Services Inc. now owns 702 shares of the Internet television network’s stock valued at $4,701,000 after purchasing an additional 37 shares during the period. SRS Capital Advisors Inc. lifted its stake in shares of Netflix by 3,361.9% in the first 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. Finally, Harfst & Associates Inc. acquired a new stake in shares of Netflix in the first quarter valued at about $109,000. Institutional investors own 81.02% 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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