Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “neutral” rating reissued by equities researchers at Credit Suisse Group in a report released on Tuesday, July 18th. They presently have a $190.00 price objective on the Internet television network’s stock, up from their previous price objective of $154.00. Credit Suisse Group’s price target points to a potential upside of 10.85% from the stock’s current price.
NFLX has been the topic of several other research reports. UBS AG restated a “buy” rating and issued a $175.00 price objective on shares of Netflix in a research note on Wednesday, April 19th. Raymond James Financial, Inc. reiterated an “outperform” rating and set a $205.00 price target (up previously from $165.00) on shares of Netflix in a research note on Tuesday, July 18th. Jefferies Group LLC reiterated a “hold” rating and set a $165.00 price target (up previously from $141.00) on shares of Netflix in a research note on Tuesday, July 18th. Robert W. Baird reissued a “neutral” rating and set a $175.00 price objective (up from $140.00) on shares of Netflix in a report on Tuesday, July 18th. Finally, Piper Jaffray Companies reissued an “overweight” rating and set a $198.00 price objective (up from $190.00) on shares of Netflix in a report on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $175.13.
Netflix (NFLX) opened at 171.40 on Tuesday. The firm has a market cap of $74.00 billion, a P/E ratio of 208.52 and a beta of 1.02. The firm has a 50 day moving average of $168.76 and a 200-day moving average of $153.74. Netflix has a 12 month low of $93.26 and a 12 month high of $191.50.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.01. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the previous year, the business posted $0.09 EPS. Netflix’s revenue was up 32.3% compared to the same quarter last year. On average, equities research analysts forecast that Netflix will post $1.19 earnings per share for the current year.
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In related news, Director Richard N. Barton sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $181.37, for a total transaction of $181,370.00. Following the completion of the sale, the director now owns 8,012 shares of the company’s stock, valued at $1,453,136.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Reed Hastings sold 115,577 shares of the firm’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $152.63, for a total value of $17,640,517.51. Following the sale, the chief executive officer now directly owns 115,577 shares of the company’s stock, valued at approximately $17,640,517.51. The disclosure for this sale can be found here. Insiders have sold 389,801 shares of company stock valued at $64,889,201 in the last ninety days. 4.90% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in the stock. Almanack Investment Partners LLC. purchased a new stake in shares of Netflix during the second quarter worth approximately $101,000. Clean Yield Group purchased a new stake in shares of Netflix during the first quarter worth approximately $103,000. TD Capital Management LLC purchased a new stake in shares of Netflix during the second quarter worth approximately $105,000. SRS Capital Advisors Inc. boosted its stake in shares of Netflix by 3,361.9% in the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock worth $107,000 after buying an additional 706 shares during the period. Finally, Harfst & Associates Inc. purchased a new stake in shares of Netflix during the first quarter worth approximately $109,000. 82.78% of the stock is owned by hedge funds and other institutional investors.
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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