Netflix, Inc. (NASDAQ:NFLX) Earns Hold Rating from Wedbush

Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “hold” rating reiterated by research analysts at Wedbush in a report issued on Wednesday, October 18th. They presently have a $190.00 target price on the Internet television network’s stock, up from their previous target price of $180.00. Wedbush’s price objective points to a potential downside of 4.78% from the stock’s current price. Wedbush also issued estimates for Netflix’s Q4 2017 earnings at $0.42 EPS, FY2017 earnings at $1.26 EPS, Q1 2018 earnings at $0.51 EPS, Q2 2018 earnings at $0.46 EPS, Q3 2018 earnings at $0.48 EPS, Q4 2018 earnings at $0.54 EPS and FY2018 earnings at $2.00 EPS.

Several other research analysts have also issued reports on the company. Morgan Stanley set a $210.00 price objective on Netflix and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Vetr lowered Netflix from a “hold” rating to a “sell” rating and set a $165.09 target price for the company. in a research note on Wednesday, August 30th. Sanford C. Bernstein restated an “outperform” rating and issued a $203.00 target price (up from $178.00) on shares of Netflix in a research note on Tuesday, July 18th. Rosenblatt Securities upgraded Netflix from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $155.00 to $200.00 in a research report on Tuesday, July 18th. Finally, BidaskClub upgraded Netflix from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirty-three have issued a buy rating to the company’s stock. Netflix currently has a consensus rating of “Buy” and a consensus target price of $207.20.

Shares of Netflix (NFLX) traded up 2.22% during midday trading on Wednesday, hitting $199.54. 8,128,567 shares of the company’s stock were exchanged. Netflix has a 1-year low of $110.68 and a 1-year high of $204.38. The stock has a market cap of $86.28 billion, a PE ratio of 199.34 and a beta of 1.09. The stock’s 50 day moving average is $189.03 and its 200-day moving average is $169.22.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.03). Netflix had a net margin of 4.04% and a return on equity of 14.56%. The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.97 billion. During the same period in the prior year, the company posted $0.12 earnings per share. The firm’s revenue was up 30.3% compared to the same quarter last year. Analysts predict that Netflix will post $1.25 earnings per share for the current fiscal year.

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In other Netflix news, CEO Reed Hastings sold 93,380 shares of the firm’s stock in a transaction dated Monday, August 21st. The shares were 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 $15,507,616.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $176.41, for a total transaction of $352,820.00. Following the completion of the sale, the director now directly owns 8,012 shares of the company’s stock, valued at approximately $1,413,396.92. The disclosure for this sale can be found here. Insiders sold a total of 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.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Quadrant Capital Group LLC lifted its position in Netflix by 0.6% during the second quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock valued at $229,000 after purchasing an additional 10 shares during the period. Guardian Life Insurance Co. of America lifted its position in Netflix by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock valued at $245,000 after purchasing an additional 11 shares during the period. M Holdings Securities Inc. lifted its position in Netflix by 0.5% during the first quarter. M Holdings Securities Inc. now owns 2,467 shares of the Internet television network’s stock valued at $365,000 after purchasing an additional 12 shares during the period. Heritage Investors Management Corp lifted its position in Netflix by 0.6% during the second quarter. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network’s stock valued at $298,000 after purchasing an additional 12 shares during the period. Finally, Kalos Management Inc. lifted its position in Netflix by 0.7% during the second quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock valued at $242,000 after purchasing an additional 12 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.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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