A number of other brokerages have also weighed in on NFLX. JPMorgan Chase & Co. reiterated an overweight rating and set a $116.00 price objective (down previously from $125.00) on shares of Netflix in a report on Tuesday, July 19th. MKM Partners decreased their price objective on shares of Netflix from $145.00 to $130.00 and set a buy rating for the company in a report on Wednesday, July 20th. 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 reiterated a market perform rating and set a $85.00 price objective on shares of Netflix in a report on Thursday, July 28th. Finally, Jefferies Group reiterated an underperform rating and set a $76.00 price objective on shares of Netflix in a report on Friday, September 23rd. Seven analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $115.89.
Shares of Netflix (NASDAQ:NFLX) traded up 19.1655% on Monday, hitting $118.9272. 22,584,535 shares of the stock traded hands. Netflix has a 52-week low of $79.95 and a 52-week high of $133.27. The stock’s 50 day moving average price is $98.99 and its 200 day moving average price is $96.28. The stock has a market cap of $50.99 billion, a P/E ratio of 371.6475 and a beta of 1.14.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, October 17th. The Internet television network reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. Netflix had a net margin of 1.85% and a return on equity of 5.59%. The company earned $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter last year, the business posted $0.07 EPS. The firm’s revenue for the quarter was up 31.7% on a year-over-year basis. On average, equities analysts expect that Netflix will post $0.28 EPS for the current fiscal year.
In other news, Director Jay C. Hoag acquired 600,000 shares of Netflix stock in a transaction dated Monday, July 25th. The shares were acquired at an average cost of $86.43 per share, with a total value of $51,858,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard N. Barton sold 700 shares of Netflix stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $93.87, for a total value of $65,709.00. Following the completion of the transaction, the director now directly owns 15,562 shares in the company, valued at $1,460,804.94. The disclosure for this sale can be found here. 4.90% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. Winslow Capital Management LLC purchased a new position in Netflix during the second quarter valued at $209,447,000. Capital World Investors raised its position in Netflix by 32.4% in the second quarter. Capital World Investors now owns 6,656,926 shares of the Internet television network’s stock valued at $608,976,000 after buying an additional 1,630,881 shares during the period. Jericho Capital Asset Management L.P. bought a new position in Netflix during the first quarter valued at approximately $94,076,000. Capital Research Global Investors raised its position in Netflix by 1.5% in the second quarter. Capital Research Global Investors now owns 49,967,802 shares of the Internet television network’s stock valued at $4,571,055,000 after buying an additional 761,325 shares during the period. Finally, Criterion Capital Management LLC raised its position in Netflix by 241.5% in the second quarter. Criterion Capital Management LLC now owns 991,469 shares of the Internet television network’s stock valued at $90,700,000 after buying an additional 701,119 shares during the period. 78.41% of the stock is currently owned by institutional investors and hedge funds.
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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