Netflix Inc. (NASDAQ:NFLX) had its price target increased by FBR & Co from $90.00 to $100.00 in a research note issued to investors on Tuesday. They currently have a market perform rating on the Internet television network’s stock.
Several other equities research analysts also recently issued reports on NFLX. Jefferies Group reaffirmed an underperform rating and set a $76.00 price target (down previously from $80.00) on shares of Netflix in a report on Sunday, July 17th. Wedbush reiterated an underperform rating and set a $50.00 price objective (up previously 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. BTIG Research reiterated a buy rating and set a $130.00 price objective (down previously from $150.00) on shares of Netflix in a research report on Sunday, July 17th. Finally, Raymond James Financial Inc. set a $120.00 price objective on Netflix and gave the stock a buy rating in a research report on Sunday. Eight investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-eight have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of $115.73.
Shares of Netflix (NASDAQ:NFLX) opened at 118.79 on Tuesday. Netflix has a 52 week low of $79.95 and a 52 week high of $133.27. The firm has a market cap of $50.93 billion, a P/E ratio of 371.22 and a beta of 1.14. The stock has a 50 day moving average of $99.60 and a 200 day moving average of $96.38.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, October 17th. The Internet television network reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.06. Netflix had a return on equity of 6.45% and a net margin of 1.99%. The business earned $2.29 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter last year, the firm posted $0.07 EPS. The company’s quarterly revenue was up 31.7% on a year-over-year basis. Analysts anticipate that Netflix will post $0.28 earnings per share 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 purchased at an average cost of $86.43 per share, for a total transaction of $51,858,000.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Reed Hastings sold 116,431 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 116,431 shares in the company, valued at $10,081,760.29. The disclosure for this sale can be found here. Insiders own 4.90% of the company’s stock.
Several institutional investors have recently made changes to their positions in NFLX. Appropriate Balance Financial Services Inc. raised its position in shares of Netflix by 7.0% in the third quarter. Appropriate Balance Financial Services Inc. now owns 5,481 shares of the Internet television network’s stock valued at $540,000 after buying an additional 360 shares during the period. Puplava Financial Services Inc. purchased a new position in shares of Netflix during the third quarter valued at approximately $276,000. First New York Securities LLC NY purchased a new position in shares of Netflix during the third quarter valued at approximately $212,000. National Pension Service raised its position in shares of Netflix by 8.7% in the third quarter. National Pension Service now owns 272,049 shares of the Internet television network’s stock valued at $26,810,000 after buying an additional 21,790 shares during the period. Finally, Highland Capital Management LLC raised its position in shares of Netflix by 218.5% in the third quarter. Highland Capital Management LLC now owns 10,350 shares of the Internet television network’s stock valued at $1,020,000 after buying an additional 7,100 shares during the period. Hedge funds and other institutional investors own 78.41% 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.