Netflix, Inc. (NFLX) Given “Buy” Rating at MKM Partners

MKM Partners restated their buy rating on shares of Netflix, Inc. (NASDAQ:NFLX) in a research report report published on Tuesday morning. MKM Partners currently has a $175.00 target price on the Internet television network’s stock.

Several other analysts have also recently commented on NFLX. Guggenheim upped their target price on Netflix from $160.00 to $173.00 and gave the company a buy rating in a report on Tuesday, April 18th. Cowen and Company reiterated an outperform rating and issued a $170.00 target price on shares of Netflix in a report on Tuesday, April 18th. Instinet reiterated a buy rating and issued a $165.00 target price on shares of Netflix in a report on Tuesday, April 18th. Jefferies Group LLC upped their target price on Netflix from $135.00 to $141.00 and gave the company a hold rating in a report on Wednesday, April 19th. Finally, Cantor Fitzgerald upped their target price on Netflix from $160.00 to $165.00 and gave the company an overweight rating in a report on Tuesday, April 18th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-six have given a buy rating to the stock. Netflix currently has an average rating of Buy and an average target price of $145.88.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

Shares of Netflix (NASDAQ:NFLX) traded down 1.2522% during mid-day trading on Tuesday, reaching $150.2547. 231,059 shares of the company’s stock traded hands. The company has a 50 day moving average of $143.98 and a 200 day moving average of $132.01. Netflix has a 12 month low of $84.50 and a 12 month high of $153.52. The company has a market cap of $64.76 billion, a price-to-earnings ratio of 194.3786 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, April 17th. The Internet television network reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.03. Netflix had a return on equity of 7.51% and a net margin of 2.11%. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same period in the prior year, the business posted $0.06 earnings per share. The firm’s revenue was up 34.7% on a year-over-year basis. Analysts expect that Netflix will post $1.05 earnings per share for the current fiscal year.

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In related news, insider Neil D. Hunt sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $140.00, for a total transaction of $1,400,000.00. Following the transaction, the insider now directly owns 469,952 shares of the company’s stock, valued at approximately $65,793,280. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Reed Hastings sold 84,469 shares of the firm’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $142.71, for a total value of $12,054,570.99. Following the transaction, the chief executive officer now directly owns 84,469 shares in the company, valued at $12,054,570.99. The disclosure for this sale can be found here. Over the last three months, insiders have sold 328,275 shares of company stock worth $47,015,555. 4.90% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in NFLX. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Netflix by 484.7% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 192,550 shares of the Internet television network’s stock worth $18,975,000 after buying an additional 159,617 shares in the last quarter. World Asset Management Inc boosted its position in shares of Netflix by 2.0% in the third quarter. World Asset Management Inc now owns 42,012 shares of the Internet television network’s stock worth $4,140,000 after buying an additional 826 shares in the last quarter. Glynn Capital Management LLC boosted its position in shares of Netflix by 30.8% in the third quarter. Glynn Capital Management LLC now owns 185,596 shares of the Internet television network’s stock worth $18,290,000 after buying an additional 43,681 shares in the last quarter. DnB Asset Management AS boosted its position in shares of Netflix by 6.3% in the third quarter. DnB Asset Management AS now owns 37,325 shares of the Internet television network’s stock worth $3,678,000 after buying an additional 2,200 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Netflix by 3.0% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 66,881 shares of the Internet television network’s stock worth $6,591,000 after buying an additional 1,972 shares in the last quarter. 80.42% of the stock is currently owned by institutional investors.

Netflix Company Profile

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

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