Netflix, Inc. (NASDAQ:NFLX) has received a consensus recommendation of “Buy” from the forty-seven analysts that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation and twenty-nine have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $178.31.
Several equities analysts recently commented on NFLX shares. Instinet reissued a “buy” rating on shares of Netflix in a research report on Friday, June 2nd. Canaccord Genuity boosted their price target on Netflix from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, June 16th. Bank of America Corporation reissued a “buy” rating and set a $184.00 price target (up from $154.00) on shares of Netflix in a research report on Tuesday, April 18th. Morgan Stanley reaffirmed an “overweight” rating and issued a $185.00 target price (up from $175.00) on shares of Netflix in a research report on Thursday, July 13th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $175.00 target price on shares of Netflix in a research report on Friday, June 16th.
Netflix (NASDAQ:NFLX) traded up 1.34% on Monday, reaching $171.40. 5,020,819 shares of the company’s stock were exchanged. The company has a market capitalization of $74.00 billion, a PE ratio of 208.52 and a beta of 1.02. The company has a 50 day moving average price of $168.29 and a 200-day moving average price of $153.50. Netflix has a 1-year low of $93.26 and a 1-year high of $191.50.
Netflix (NASDAQ:NFLX) last released 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. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The business’s revenue for the quarter was up 32.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 earnings per share. On average, equities research analysts anticipate that Netflix will post $1.19 earnings per share for the current year.
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In other news, Director Richard N. Barton sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $176.41, for a total value of $352,820.00. Following the completion of the transaction, the director now directly owns 8,012 shares of the company’s stock, valued at approximately $1,413,396.92. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard N. Barton sold 1,000 shares of the stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $156.62, for a total value of $156,620.00. Following the completion of the transaction, the director now directly owns 8,012 shares of the company’s stock, valued at $1,254,839.44. The disclosure for this sale can be found here. Insiders sold a total of 389,801 shares of company stock valued at $64,889,201 in the last quarter. Corporate insiders own 4.90% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Perigon Wealth Management LLC boosted its stake in Netflix by 1.1% in the fourth quarter. Perigon Wealth Management LLC now owns 21,782 shares of the Internet television network’s stock worth $3,031,000 after buying an additional 235 shares in the last quarter. M Holdings Securities Inc. acquired a new stake in Netflix during the fourth quarter worth $304,000. Kentucky Retirement Systems acquired a new stake in Netflix during the fourth quarter worth $3,855,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Netflix during the fourth quarter worth $1,720,000. Finally, Highbridge Capital Management LLC boosted its stake in Netflix by 1,108.0% in the fourth quarter. Highbridge Capital Management LLC now owns 3,624 shares of the Internet television network’s stock worth $448,000 after buying an additional 3,324 shares in the last quarter. 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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