Netflix, Inc. (NASDAQ:NFLX) Given a $190.00 Price Target at Jefferies Group LLC

Jefferies Group LLC set a $190.00 target price on Netflix, Inc. (NASDAQ:NFLX) in a research note released on Tuesday, October 17th. The firm currently has a neutral rating on the Internet television network’s stock. Jefferies Group also issued estimates for Netflix’s Q4 2017 earnings at $0.41 EPS, FY2017 earnings at $1.25 EPS, Q1 2018 earnings at $0.93 EPS, Q2 2018 earnings at $0.56 EPS, Q3 2018 earnings at $0.48 EPS, Q4 2018 earnings at $0.14 EPS, FY2018 earnings at $2.11 EPS, Q1 2019 earnings at $1.35 EPS, Q2 2019 earnings at $0.85 EPS, Q3 2019 earnings at $0.70 EPS, FY2019 earnings at $3.17 EPS, FY2020 earnings at $4.62 EPS and FY2021 earnings at $5.95 EPS.

Several other analysts have also commented on the company. Rosenblatt Securities reaffirmed a buy rating and set a $225.00 target price on shares of Netflix in a report on Monday, October 16th. Aegis started coverage on Netflix in a research report on Monday, October 16th. They set a hold rating and a $200.00 price target on the stock. Zacks Investment Research upgraded Netflix from a hold rating to a buy rating and set a $219.00 price target on the stock in a research report on Friday, October 13th. J P Morgan Chase & Co reiterated an overweight rating and set a $225.00 price target (up previously from $210.00) on shares of Netflix in a research report on Friday, October 13th. Finally, Goldman Sachs Group, Inc. (The) restated a buy rating and issued a $235.00 target price (up previously from $200.00) on shares of Netflix in a research report on Friday, October 13th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirty-three have given a buy rating to the company. Netflix has an average rating of Buy and an average price target of $207.20.

Netflix (NFLX) opened at 199.54 on Tuesday. The firm has a market cap of $86.28 billion, a P/E ratio of 199.34 and a beta of 1.09. The stock has a 50 day moving average of $188.02 and a 200-day moving average of $168.64. Netflix has a 12 month low of $110.68 and a 12 month high of $204.38.

Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS 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 analyst estimates 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 period last year, the business earned $0.12 earnings per share. Equities research analysts predict that Netflix will post $1.25 earnings per share for the current fiscal year.

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In other news, CEO Reed Hastings sold 93,380 shares of the company’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $166.07, for a total transaction of $15,507,616.60. Following the completion of the sale, the chief executive officer now directly owns 93,380 shares in the company, valued at approximately $15,507,616.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Leslie J. Kilgore sold 868 shares of the stock in a transaction on Monday, October 16th. The shares were sold at an average price of $202.00, for a total value of $175,336.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 276,409 shares of company stock valued at $50,072,727. Insiders own 4.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in NFLX. FMR LLC increased its holdings in Netflix by 12.4% in the 2nd quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock valued at $3,531,042,000 after purchasing an additional 2,605,731 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Netflix by 3,478.1% in the 2nd quarter. Janus Henderson Group PLC now owns 2,041,458 shares of the Internet television network’s stock valued at $305,014,000 after purchasing an additional 1,984,404 shares in the last quarter. Jennison Associates LLC increased its holdings in Netflix by 14.0% in the 2nd quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network’s stock valued at $2,208,891,000 after purchasing an additional 1,814,056 shares in the last quarter. Vanguard Group Inc. increased its holdings in Netflix by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 27,161,082 shares of the Internet television network’s stock valued at $4,014,680,000 after purchasing an additional 921,283 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its holdings in Netflix by 22,622.2% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 814,592 shares of the Internet television network’s stock valued at $121,708,000 after purchasing an additional 811,007 shares in the last quarter. Hedge funds and other institutional investors own 80.97% of the company’s stock.

About Netflix

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.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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