Credit Suisse Group set a $209.00 price target on Netflix, Inc. (NASDAQ:NFLX) in a research report sent to investors on Tuesday, October 17th. The firm currently has a neutral rating on the Internet television network’s stock.
Other analysts have also recently issued reports about the company. SunTrust Banks, Inc. set a $175.00 price objective on Netflix and gave the company a hold rating in a research note on Monday, October 16th. Jefferies Group LLC reiterated a hold rating and issued a $165.00 price objective (down from $171.80) on shares of Netflix in a research note on Wednesday, August 9th. CIBC restated an outperform rating and issued a $245.00 price target (up from $215.00) on shares of Netflix in a research note on Tuesday, October 17th. Wedbush restated a sell rating on shares of Netflix in a research note on Wednesday, August 9th. Finally, UBS AG restated a buy rating and issued a $237.00 price target (up from $225.00) on shares of Netflix in a research note on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and thirty-three have given a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $207.20.
Shares of Netflix (NASDAQ:NFLX) opened at 199.54 on Tuesday. The company has a 50-day moving average price of $188.02 and a 200 day moving average price of $168.64. 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 one year low of $110.68 and a one year high of $204.38.
Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same quarter last year, the company earned $0.12 earnings per share. The firm’s revenue for the quarter was up 30.3% on a year-over-year basis. Equities research analysts expect that Netflix will post $1.25 earnings per share for the current year.
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In other news, Director Leslie J. Kilgore sold 903 shares of the stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $194.00, for a total transaction of $175,182.00. The sale was disclosed in a document filed with the SEC, which is accessible through 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 transaction of $705,891.58. The disclosure for this sale can be found here. Insiders sold 276,409 shares of company stock valued at $50,072,727 over the last quarter. Insiders own 4.90% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC acquired a new position in Netflix in the 2nd quarter valued at $1,045,000. Calamos Advisors LLC grew its stake in 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 last quarter. Alps Advisors Inc. acquired a new position in Netflix in the 2nd quarter valued at $262,000. Guardian Life Insurance Co. of America grew its stake in 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 last quarter. Finally, Teachers Advisors LLC grew its stake in 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 last quarter. Institutional investors and hedge funds 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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