Netflix Inc. (NASDAQ:NFLX) had its price objective cut by FBR & Co from $100.00 to $90.00 in a report published on Tuesday. They currently have a mkt perform rating on the Internet television network’s stock.
NFLX has been the subject of several other reports. Vetr raised Netflix from a hold rating to a buy rating and set a $102.90 price objective for the company in a research note on Tuesday, September 20th. Cantor Fitzgerald reissued a buy rating on shares of Netflix in a research note on Friday, September 9th. Wedbush set a $45.00 price objective on Netflix and gave the stock a sell rating in a research note on Thursday, October 13th. RBC Capital Markets reissued an outperform rating and issued a $130.00 price objective on shares of Netflix in a research note on Monday, August 29th. Finally, Jefferies Group reissued an underperform rating and issued a $76.00 price objective on shares of Netflix in a research note on Friday, September 23rd. Eight investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-eight have given a buy rating to the company. Netflix presently has an average rating of Hold and a consensus target price of $115.73.
Shares of Netflix (NASDAQ:NFLX) opened at 118.79 on Tuesday. The company has a 50-day moving average price of $99.60 and a 200 day moving average price of $96.38. Netflix has a 1-year low of $79.95 and a 1-year high of $133.27. The company has a market capitalization of $50.93 billion, a P/E ratio of 371.22 and a beta of 1.14.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, October 17th. The Internet television network reported $0.12 EPS for the quarter, topping the consensus estimate of $0.06 by $0.06. The firm earned $2.29 billion during the quarter, compared to the consensus estimate of $2.28 billion. Netflix had a return on equity of 6.45% and a net margin of 1.99%. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.07 earnings per share. Equities research analysts anticipate that Netflix will post $0.28 EPS for the current year.
In other Netflix news, Director Jay C. Hoag bought 600,000 shares of Netflix stock in a transaction that occurred on Monday, July 25th. The stock was purchased at an average price of $86.43 per share, with a total value of $51,858,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Reed Hastings sold 116,431 shares of the firm’s stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $86.59, for a total transaction of $10,081,760.29. Following the transaction, the chief executive officer now directly owns 116,431 shares of the company’s stock, valued at approximately $10,081,760.29. The disclosure for this sale can be found here. Insiders own 4.90% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Cornerstone Advisors Inc. boosted its position in shares of Netflix by 25.6% in the second quarter. Cornerstone Advisors Inc. now owns 1,118 shares of the Internet television network’s stock valued at $102,000 after buying an additional 228 shares during the period. Signature Estate & Investment Advisors LLC acquired a new position in shares of Netflix during the second quarter valued at about $124,000. Quadrant Capital Group LLC boosted its position in shares of Netflix by 15.1% in the second quarter. Quadrant Capital Group LLC now owns 1,475 shares of the Internet television network’s stock valued at $126,000 after buying an additional 194 shares during the period. Coconut Grove Bank boosted its position in shares of Netflix by 1.7% in the second quarter. Coconut Grove Bank now owns 1,526 shares of the Internet television network’s stock valued at $140,000 after buying an additional 26 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Netflix by 15.3% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,690 shares of the Internet television network’s stock valued at $155,000 after buying an additional 224 shares during the period. 78.41% of the stock is owned by hedge funds and other 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.
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.