Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “market perform” rating reissued by analysts at BMO Capital Markets in a note issued to investors on Tuesday, October 17th. They currently have a $205.00 price target on the Internet television network’s stock, up from their previous price target of $195.00. BMO Capital Markets’ target price would indicate a potential upside of 2.74% from the company’s current price.
A number of other brokerages have also recently issued reports on NFLX. Piper Jaffray Companies reissued a “buy” rating and issued a $215.00 price objective on shares of Netflix in a research note on Monday, September 18th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $210.00 target price on shares of Netflix in a research note on Friday, October 6th. Vetr raised shares of Netflix from a “sell” rating to a “hold” rating and set a $165.75 target price for the company in a research note on Thursday, August 10th. MKM Partners reaffirmed a “buy” rating and set a $195.00 target price on shares of Netflix in a research note on Monday, July 10th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of Netflix in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and thirty-three have assigned a buy rating to the company. Netflix presently has an average rating of “Buy” and an average price target of $207.20.
Shares of Netflix (NFLX) traded up 2.22% during midday trading on Tuesday, hitting $199.54. The company had a trading volume of 8,125,892 shares. Netflix has a one year low of $110.68 and a one year high of $204.38. The stock’s 50-day moving average price is $188.02 and its 200-day moving average price is $168.64. The stock has a market capitalization of $86.28 billion, a price-to-earnings ratio of 199.34 and a beta of 1.09.
Netflix (NASDAQ:NFLX) last issued its 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 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 company’s quarterly revenue was up 30.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.12 EPS. Analysts predict that Netflix will post $1.25 EPS for the current year.
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In other Netflix news, Director Leslie J. Kilgore sold 868 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $202.00, for a total value of $175,336.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Reed Hastings sold 93,380 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $166.07, for a total value of $15,507,616.60. Following the completion of the sale, the chief executive officer now owns 93,380 shares of the company’s stock, valued at approximately $15,507,616.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 276,409 shares of company stock worth $50,072,727. 4.90% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in NFLX. OppenheimerFunds Inc. lifted its position in shares of Netflix by 1.6% in the 1st quarter. OppenheimerFunds Inc. now owns 7,528 shares of the Internet television network’s stock worth $1,113,000 after acquiring an additional 117 shares during the period. Teachers Advisors LLC lifted its position 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 worth $192,231,000 after acquiring an additional 25,266 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co bought a new stake in shares of Netflix in the 1st quarter worth approximately $208,000. Turner Investments LLC bought a new stake in shares of Netflix in the 1st quarter worth approximately $417,000. Finally, Stephens Inc. AR lifted its position in shares of Netflix by 12.4% during the 1st quarter. Stephens Inc. AR now owns 7,427 shares of the Internet television network’s stock worth $1,098,000 after buying an additional 821 shares during the period. Institutional investors own 80.97% 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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