Netflix, Inc. (NFLX) Given a $200.00 Price Target at Macquarie
Netflix, Inc. (NASDAQ:NFLX) has been given a $200.00 price target by analysts at Macquarie in a research report issued on Tuesday. The brokerage presently has a “neutral” rating on the Internet television network’s stock. Macquarie’s price target suggests a potential downside of 1.28% from the company’s previous close.
Several other research analysts have also recently weighed in on the company. Atlantic Securities set a $235.00 price target on Netflix and gave the company a “buy” rating in a research report on Tuesday. Credit Suisse Group set a $209.00 price target on Netflix and gave the company a “neutral” rating in a research report on Tuesday. Robert W. Baird set a $190.00 price target on Netflix and gave the company a “neutral” rating in a research report on Tuesday. Cantor Fitzgerald set a $235.00 price target on Netflix and gave the company a “buy” rating in a research report on Tuesday. Finally, SunTrust Banks, Inc. set a $175.00 price objective on Netflix and gave the company a “hold” rating in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and thirty-three have issued a buy rating to the company’s stock. Netflix has an average rating of “Buy” and a consensus target price of $198.50.
Shares of Netflix (NFLX) traded down 1.36% on Tuesday, hitting $199.93. The company had a trading volume of 13,921,850 shares. The stock’s 50-day moving average is $183.35 and its 200 day moving average is $165.87. The company has a market capitalization of $86.32 billion, a price-to-earnings ratio of 243.22 and a beta of 1.09. Netflix has a 52 week low of $98.38 and a 52 week high of $204.38.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.03). The company had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.97 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The firm’s revenue was up 30.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.12 earnings per share. Equities analysts expect that Netflix will post $1.19 EPS for the current year.
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In other Netflix news, insider Jonathan Friedland sold 2,496 shares of the 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 sale, the insider now owns 1,232 shares in the company, valued at approximately $224,433.44. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard N. Barton sold 2,000 shares of the 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 303,299 shares of company stock worth $54,712,558. 4.90% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the business. Almanack Investment Partners LLC. acquired a new stake in Netflix during the 2nd quarter valued at $101,000. TD Capital Management LLC acquired a new stake in Netflix during the 2nd quarter valued at $105,000. Appropriate Balance Financial Services Inc. grew its holdings in Netflix by 5.6% during the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 702 shares of the Internet television network’s stock valued at $4,701,000 after buying an additional 37 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings in Netflix by 3,361.9% during the 1st quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock valued at $107,000 after buying an additional 706 shares during the last quarter. Finally, Harfst & Associates Inc. acquired a new stake in Netflix during the 1st quarter valued at $109,000. Hedge funds and other institutional investors own 81.02% of the company’s stock.
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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