Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “buy” rating reissued by equities researchers at FBR & Co in a research report issued to clients and investors on Tuesday, October 17th, MarketBeat reports. They currently have a $207.00 target price on the Internet television network’s stock, up from their prior target price of $172.00. FBR & Co’s price target suggests a potential upside of 3.74% from the company’s previous close. FBR & Co also issued estimates for Netflix’s Q4 2017 earnings at $0.41 EPS, FY2017 earnings at $1.22 EPS, FY2017 earnings at $1.33 EPS, FY2018 earnings at $1.98 EPS, FY2019 earnings at $3.21 EPS and FY2020 earnings at $4.95 EPS.
Other equities research analysts have also recently issued research reports about the stock. BMO Capital Markets restated a “market perform” rating and issued a $180.00 price objective (up previously from $150.00) on shares of Netflix in a report on Tuesday, July 18th. Needham & Company LLC reiterated a “hold” rating on shares of Netflix in a report on Tuesday, July 18th. Bank of America Corporation reiterated a “buy” rating and set a $199.00 price target (up previously from $184.00) on shares of Netflix in a report on Tuesday, July 18th. Vetr upgraded shares of Netflix from a “sell” rating to a “hold” rating and set a $165.09 price target on the stock in a report on Wednesday, August 16th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $141.00 price target on shares of Netflix in a report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirty-three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $207.20.
Netflix (NASDAQ NFLX) traded up 2.22% during midday trading on Tuesday, hitting $199.54. The stock had a trading volume of 8,120,171 shares. The stock has a market cap of $86.28 billion, a price-to-earnings ratio of 199.34 and a beta of 1.09. The company has a 50-day moving average of $188.02 and a 200-day moving average of $168.64. Netflix has a 1-year low of $110.68 and a 1-year high of $204.38.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.97 billion. Netflix had a return on equity of 14.56% and a net margin of 4.04%. Netflix’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.12 EPS. Equities research analysts forecast that Netflix will post $1.25 EPS for the current year.
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In other Netflix news, insider Jonathan Friedland sold 3,622 shares of the company’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of $194.89, for a total transaction of $705,891.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard N. Barton sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $181.37, for a total transaction of $181,370.00. Following the transaction, the director now owns 8,012 shares of the company’s stock, valued at $1,453,136.44. The disclosure for this sale can be found here. Insiders have sold 276,409 shares of company stock valued at $50,072,727 over the last 90 days. 4.90% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Rosenblum Silverman Sutton S F Inc. CA raised its position in shares of Netflix by 11.6% in the third quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 38,030 shares of the Internet television network’s stock valued at $6,897,000 after buying an additional 3,958 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Netflix in the third quarter valued at about $5,087,000. Raymond James Financial Services Advisors Inc. raised its position in shares of Netflix by 7.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 96,162 shares of the Internet television network’s stock valued at $17,439,000 after buying an additional 7,006 shares during the last quarter. Pictet Asset Management Ltd. raised its position in shares of Netflix by 0.3% in the third quarter. Pictet Asset Management Ltd. now owns 578,583 shares of the Internet television network’s stock valued at $104,926,000 after buying an additional 1,610 shares during the last quarter. Finally, Segment Wealth Management LLC acquired a new stake in shares of Netflix in the third quarter valued at about $214,000. Institutional investors and hedge funds own 80.97% 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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