SunTrust Banks, Inc. set a $175.00 price objective on Netflix, Inc. (NASDAQ:NFLX) in a research note released on Monday, October 16th. The firm currently has a hold rating on the Internet television network’s stock.
Several other research firms have also recently commented on NFLX. Piper Jaffray Companies restated a buy rating and issued a $215.00 target price on shares of Netflix in a research report on Monday, September 18th. Loop Capital raised their target price on shares of Netflix from $228.00 to $242.00 and gave the stock a buy rating in a report on Tuesday, October 17th. Royal Bank Of Canada restated an outperform rating and set a $210.00 target price on shares of Netflix in a report on Friday, October 6th. Vetr upgraded shares of Netflix from a sell rating to a hold rating and set a $165.75 target price for the company in a report on Thursday, August 10th. Finally, MKM Partners restated a buy rating and issued a $195.00 price target on shares of Netflix in a research report on Monday, July 10th. One 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 a consensus target price of $207.20.
Netflix (NASDAQ:NFLX) traded up 2.22% during trading on Monday, reaching $199.54. The company’s stock had a trading volume of 8,128,567 shares. Netflix has a one year low of $110.68 and a one year high of $204.38. The stock has a 50-day moving average of $188.02 and a 200 day moving average of $168.64. The firm has a market capitalization of $86.28 billion, a P/E 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 analysts’ consensus estimates of $0.32 by ($0.03). The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.97 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. The business’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.12 EPS. On average, equities research analysts predict that Netflix will post $1.25 EPS for the current fiscal year.
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In other Netflix news, Director Richard N. Barton sold 2,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now owns 8,012 shares in the company, valued at approximately $1,413,396.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard N. Barton sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $181.37, for a total value of $181,370.00. Following the transaction, the director now owns 8,012 shares of the company’s stock, valued at approximately $1,453,136.44. The disclosure for this sale can be found here. Insiders have sold a total of 276,409 shares of company stock worth $50,072,727 in the last three months. 4.90% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the company. Horseman Capital Management Ltd boosted its holdings in shares of Netflix by 50.0% in the 3rd quarter. Horseman Capital Management Ltd now owns 9,000 shares of the Internet television network’s stock worth $1,632,000 after purchasing an additional 3,000 shares during the period. YorkBridge Wealth Partners LLC boosted its holdings in shares of Netflix by 10.3% in the 3rd quarter. YorkBridge Wealth Partners LLC now owns 10,790 shares of the Internet television network’s stock worth $1,957,000 after purchasing an additional 1,005 shares during the period. Rosenblum Silverman Sutton S F Inc. CA boosted its holdings in shares of Netflix by 11.6% in the 3rd quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 38,030 shares of the Internet television network’s stock worth $6,897,000 after purchasing an additional 3,958 shares during the period. Crossmark Global Holdings Inc. purchased a new position in shares of Netflix in the 3rd quarter worth approximately $5,087,000. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Netflix by 7.9% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 96,162 shares of the Internet television network’s stock worth $17,439,000 after purchasing an additional 7,006 shares during the period. Hedge funds and other institutional investors own 80.97% of the company’s stock.
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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