Netflix Inc. (NASDAQ:NFLX)‘s stock had its “buy” rating restated by investment analysts at MKM Partners in a research report issued on Friday. They presently have a $130.00 target price on the Internet television network’s stock. MKM Partners’ price target would indicate a potential upside of 29.70% from the company’s current price.
A number of other brokerages have also weighed in on NFLX. JPMorgan Chase & Co. restated an “overweight” rating and issued a $116.00 price objective (down from $125.00) on shares of Netflix in a report on Tuesday, July 19th. Vetr upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $103.71 price objective for the company in a report on Thursday, September 8th. BMO Capital Markets restated a “market perform” rating and issued a $85.00 price objective on shares of Netflix in a report on Thursday, July 28th. Jefferies Group restated an “underperform” rating and issued a $76.00 price objective on shares of Netflix in a report on Friday, September 23rd. Finally, Stifel Nicolaus restated a “buy” rating and issued a $120.00 price objective (down from $143.00) on shares of Netflix in a report on Tuesday, July 19th. Eight research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $110.32.
Netflix (NASDAQ:NFLX) traded up 0.94% during midday trading on Friday, hitting $101.17. The company’s stock had a trading volume of 5,930,966 shares. The firm has a market cap of $43.37 billion, a P/E ratio of 316.16 and a beta of 1.14. Netflix has a 12 month low of $79.95 and a 12 month high of $133.27. The company’s 50 day moving average price is $98.81 and its 200 day moving average price is $96.40.
Netflix (NASDAQ:NFLX) last released its earnings results 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. Netflix had a net margin of 1.85% and a return on equity of 5.59%. The firm earned $2.11 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same period last year, the business earned $0.06 earnings per share. The business’s revenue was up 19.5% on a year-over-year basis. Analysts expect that Netflix will post $0.28 EPS for the current year.
In related news, CEO Reed Hastings sold 116,431 shares of Netflix stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $86.59, for a total value of $10,081,760.29. Following the completion of the transaction, the chief executive officer now owns 116,431 shares in the company, valued at $10,081,760.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jay C. Hoag acquired 600,000 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The stock was acquired at an average price of $86.43 per share, with a total value of $51,858,000.00. The disclosure for this purchase can be found here. 4.90% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in NFLX. NN Investment Partners Holdings N.V. acquired a new position in shares of Netflix during the first quarter worth $2,142,000. Menta Capital LLC boosted its position in Netflix by 225.0% in the first quarter. Menta Capital LLC now owns 10,833 shares of the Internet television network’s stock valued at $1,107,000 after buying an additional 7,500 shares during the period. M&T Bank Corp boosted its position in Netflix by 5.6% in the first quarter. M&T Bank Corp now owns 32,482 shares of the Internet television network’s stock valued at $3,320,000 after buying an additional 1,737 shares during the period. Cannell Peter B & Co Inc boosted its position in Netflix by 15.5% in the first quarter. Cannell Peter B & Co Inc now owns 4,465 shares of the Internet television network’s stock valued at $456,000 after buying an additional 600 shares during the period. Finally, AMF Pensionsforsakring AB boosted its position in Netflix by 280.3% in the first quarter. AMF Pensionsforsakring AB now owns 265,621 shares of the Internet television network’s stock valued at $27,154,000 after buying an additional 195,771 shares during the period. Hedge funds and other institutional investors own 78.43% of the company’s stock.
Netflix Company Profile
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.
Receive News & Ratings for Netflix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix Inc. and related companies with MarketBeat.com's FREE daily email newsletter.