Netflix, Inc. (NASDAQ:NFLX) has been given a $210.00 price objective by investment analysts at Morgan Stanley in a note issued to investors on Tuesday, July 18th. The firm presently has a “buy” rating on the Internet television network’s stock. Morgan Stanley’s price objective suggests a potential upside of 22.52% from the stock’s previous close.
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. Credit Suisse Group reiterated a “neutral” rating and set a $190.00 price target (up previously from $154.00) on shares of Netflix in a research note on Tuesday, July 18th. 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. Finally, 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. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price 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 announced its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS 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 company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same quarter last year, the business earned $0.09 EPS. The company’s revenue for the quarter was up 32.3% on a year-over-year basis. 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, insider Gregory K. Peters sold 6,853 shares of Netflix stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $164.29, for a total transaction of $1,125,879.37. Following the transaction, the insider now owns 19,943 shares of the company’s stock, valued at $3,276,435.47. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Reed Hastings sold 115,577 shares of Netflix stock in a transaction 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 owns 115,577 shares in the company, valued at $17,640,517.51. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 389,801 shares of company stock worth $64,889,201. 4.90% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of NFLX. Almanack Investment Partners LLC. acquired a new stake in shares of Netflix during the second quarter worth approximately $101,000. Clean Yield Group acquired a new stake in shares of Netflix during the first quarter worth approximately $103,000. TD Capital Management LLC acquired a new stake in shares of Netflix during the second quarter worth approximately $105,000. Appropriate Balance Financial Services Inc. raised its stake in shares of Netflix by 5.6% in the second quarter. Appropriate Balance Financial Services Inc. now owns 702 shares of the Internet television network’s stock worth $4,701,000 after buying an additional 37 shares during the period. Finally, SRS Capital Advisors Inc. raised 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. Institutional investors and hedge funds own 82.78% 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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