FBR & Co reissued their market perform rating on shares of Netflix Inc. (NASDAQ:NFLX) in a research note published on Wednesday. They currently have a $90.00 price target on the Internet television network’s stock.
Other equities analysts also recently issued reports about the stock. Royal Bank Of Canada reaffirmed an outperform rating and set a $140.00 price objective on shares of Netflix in a report on Tuesday, June 28th. Jefferies Group reiterated an underperform rating and issued a $76.00 target price (down from $80.00) on shares of Netflix in a research report on Sunday, July 17th. Wedbush reiterated an underperform rating and issued a $50.00 target price (up from $45.00) on shares of Netflix in a research report on Sunday, July 17th. SunTrust Banks Inc. reiterated a hold rating on shares of Netflix in a research report on Sunday, July 17th. Finally, BTIG Research reiterated a buy rating and issued a $130.00 target price (down from $150.00) on shares of Netflix in a research report on Sunday, July 17th. Eight research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-seven have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $110.52.
Shares of Netflix (NASDAQ:NFLX) opened at 103.33 on Wednesday. The firm has a 50-day moving average of $98.41 and a 200 day moving average of $96.32. The stock has a market capitalization of $44.30 billion, a PE ratio of 322.91 and a beta of 1.14. Netflix has a 52-week low of $79.95 and a 52-week high of $133.27.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, July 18th. The Internet television network reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.07. The business had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.11 billion. Netflix had a net margin of 1.85% and a return on equity of 5.59%. The company’s revenue was up 19.5% compared to the same quarter last year. During the same period last year, the firm posted $0.06 earnings per share. Equities research analysts forecast that Netflix will post $0.28 EPS for the current fiscal year.
In other news, Director Jay C. Hoag acquired 600,000 shares of the company’s stock in a transaction on Monday, July 25th. The shares were bought at an average cost of $86.43 per share, with a total value of $51,858,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Richard N. Barton sold 2,800 shares of the business’s stock in a transaction on Thursday, October 6th. The shares were sold at an average price of $104.27, for a total transaction of $291,956.00. Following the completion of the transaction, the director now directly owns 15,254 shares in the company, valued at $1,590,534.58. The disclosure for this sale can be found here. 4.90% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in NFLX. Adage Capital Partners GP L.L.C. raised its stake in shares of Netflix by 69.9% in the first quarter. Adage Capital Partners GP L.L.C. now owns 645,960 shares of the Internet television network’s stock valued at $66,036,000 after buying an additional 265,678 shares during the last quarter. Scopia Capital Management LP raised its stake in shares of Netflix by 55.2% in the first quarter. Scopia Capital Management LP now owns 1,846,398 shares of the Internet television network’s stock valued at $188,757,000 after buying an additional 656,585 shares during the last quarter. Natixis bought a new stake in shares of Netflix during the first quarter valued at approximately $47,023,000. Private Capital Management Inc. bought a new stake in shares of Netflix during the second quarter valued at approximately $631,000. Finally, Allen Investment Management LLC raised its stake in shares of Netflix by 2.6% in the first quarter. Allen Investment Management LLC now owns 30,941 shares of the Internet television network’s stock valued at $3,163,000 after buying an additional 778 shares during the last quarter. 78.43% of the stock is currently owned by institutional investors.
Netflix, Inc (Netflix) is a provider of Internet television network. The Company’s members can watch original series, documentaries and feature films in Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content.
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