Netflix’s (NFLX) Market Perform Rating Reaffirmed at BMO Capital Markets
BMO Capital Markets reiterated their market perform rating on shares of Netflix, Inc. (NASDAQ:NFLX) in a research report released on Tuesday morning. BMO Capital Markets currently has a $205.00 price objective on the Internet television network’s stock, up from their previous price objective of $195.00.
Several other research analysts have also recently issued reports on the stock. UBS AG reissued a buy rating and set a $237.00 price target (up from $225.00) on shares of Netflix in a report on Tuesday. Oppenheimer Holdings, Inc. increased their price target on shares of Netflix from $215.00 to $245.00 and gave the stock an outperform rating in a report on Tuesday. Pivotal Research upped their target price on shares of Netflix from $200.00 to $270.00 and gave the stock a buy rating in a research report on Tuesday. Royal Bank Of Canada upped their target price on shares of Netflix from $210.00 to $250.00 and gave the stock an outperform rating in a research report on Tuesday. Finally, FBR & Co restated a buy rating and set a $207.00 target price (up from $172.00) on shares of Netflix in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirty-three have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $199.03.
Netflix (NFLX) traded down 1.787% during trading on Tuesday, hitting $195.915. The company’s stock had a trading volume of 7,322,675 shares. Netflix has a one year low of $98.38 and a one year high of $200.82. The firm has a market cap of $84.59 billion, a PE ratio of 238.339 and a beta of 1.09. The company has a 50-day moving average of $183.35 and a 200 day moving average of $165.87.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.03). The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.97 billion. Netflix had a return on equity of 15.06% and a net margin of 4.04%. The company’s revenue for the quarter was up 30.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.12 earnings per share. On average, equities analysts forecast that Netflix will post $1.25 earnings per share for the current year.
In related news, insider Jonathan Friedland sold 3,617 shares of the stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $203.35, for a total value of $735,516.95. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Leslie J. Kilgore sold 868 shares of the stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $202.00, for a total transaction of $175,336.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 305,288 shares of company stock worth $55,168,715. Corporate insiders own 4.90% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Crow Point Partners LLC acquired a new stake in shares of Netflix in the 3rd quarter valued at approximately $189,000. Intl Fcstone Inc. acquired a new stake in shares of Netflix in the 2nd quarter valued at approximately $278,000. Navellier & Associates Inc acquired a new stake in shares of Netflix in the 2nd quarter valued at approximately $492,000. USA Financial Portformulas Corp acquired a new stake in shares of Netflix in the 2nd quarter valued at approximately $6,229,000. Finally, Toronto Dominion Bank raised its position in shares of Netflix by 25.7% in the 2nd quarter. Toronto Dominion Bank now owns 146,001 shares of the Internet television network’s stock valued at $21,810,000 after acquiring an additional 29,867 shares during the period. Institutional investors and hedge funds 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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