Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “neutral” rating reissued by analysts at Robert W. Baird in a note issued to investors on Tuesday, October 17th. They currently have a $190.00 price target on the Internet television network’s stock, up from their previous price target of $175.00. Robert W. Baird’s target price would indicate a potential downside of 4.78% from the company’s current price.
A number of other equities analysts have also recently commented on NFLX. Jefferies Group LLC set a $190.00 price objective on shares of Netflix and gave the stock a “neutral” rating in a research note on Tuesday, October 17th. Wedbush set a $93.00 target price on shares of Netflix and gave the stock a “sell” rating in a report on Tuesday, October 17th. FBR & Co reiterated a “buy” rating and set a $207.00 price objective (up previously from $172.00) on shares of Netflix in a report on Tuesday, October 17th. Royal Bank Of Canada lifted their price objective on shares of Netflix from $210.00 to $250.00 and gave the company an “outperform” rating in a report on Tuesday, October 17th. Finally, Pivotal Research raised their target price on shares of Netflix from $200.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirty-three have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target 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 8,125,892 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. Netflix has a 1-year low of $110.68 and a 1-year high of $204.38. The company has a 50-day moving average of $188.02 and a 200-day moving average of $168.64.
Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.97 billion. Netflix had a return on equity of 14.56% and a net margin of 4.04%. The firm’s revenue was up 30.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.12 earnings per share. Equities research analysts forecast that Netflix will post $1.25 EPS for the current year.
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In related news, Director Richard N. Barton sold 1,000 shares of the firm’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 completion of the sale, the director now directly owns 8,012 shares of the company’s stock, valued at approximately $1,453,136.44. 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 3,622 shares of the firm’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of $194.89, for a total value of $705,891.58. The disclosure for this sale can be found here. Insiders have sold a total of 276,409 shares of company stock valued at $50,072,727 over the last ninety days. Insiders own 4.90% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new stake in shares of Netflix in the 2nd quarter valued at $1,045,000. Calamos Advisors LLC increased its stake in shares of Netflix by 198.5% in the 2nd quarter. Calamos Advisors LLC now owns 208,945 shares of the Internet television network’s stock valued at $31,218,000 after buying an additional 138,945 shares during the period. Alps Advisors Inc. acquired a new stake in shares of Netflix in the 2nd quarter valued at $262,000. Guardian Life Insurance Co. of America increased its stake in shares of Netflix by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock valued at $245,000 after buying an additional 11 shares during the period. Finally, Teachers Advisors LLC increased its stake in shares of Netflix by 2.0% in the 1st quarter. Teachers Advisors LLC now owns 1,300,531 shares of the Internet television network’s stock valued at $192,231,000 after buying an additional 25,266 shares during the period. 80.97% of the stock is owned by institutional investors.
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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