Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “buy” rating reaffirmed by analysts at Instinet in a report issued on Monday. They currently have a $175.00 price objective on the Internet television network’s stock, up from their prior price objective of $165.00. Instinet’s price target would suggest a potential upside of 8.61% from the company’s current price.
Several other research analysts have also commented on NFLX. Vetr lowered Netflix from a “buy” rating to a “hold” rating and set a $164.65 price target for the company. in a research report on Monday. BidaskClub upgraded Netflix from a “hold” rating to a “buy” rating in a research report on Sunday. Cowen and Company reiterated a “buy” rating and issued a $170.00 price target on shares of Netflix in a research report on Friday. FBR & Co reiterated a “market perform” rating and issued a $145.00 price target on shares of Netflix in a research report on Friday. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $190.00 price target on shares of Netflix in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-nine have assigned a buy rating to the stock. Netflix presently has an average rating of “Buy” and an average price target of $151.70.
Netflix (NASDAQ NFLX) traded up 0.431% during trading on Monday, reaching $161.815. The company had a trading volume of 2,720,026 shares. Netflix has a one year low of $84.50 and a one year high of $166.87. The firm’s 50-day moving average price is $157.81 and its 200 day moving average price is $144.87. The firm has a market capitalization of $69.74 billion, a P/E ratio of 209.334 and a beta of 0.99.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, April 17th. The Internet television network reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.03. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.64 billion. Netflix had a return on equity of 12.73% and a net margin of 3.55%. The business’s quarterly revenue was up 34.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 earnings per share. Equities analysts forecast that Netflix will post $1.05 earnings per share for the current fiscal year.
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In other Netflix news, insider Gregory K. Peters sold 6,909 shares of Netflix stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $150.02, for a total transaction of $1,036,488.18. Following the completion of the transaction, the insider now directly owns 19,999 shares of the company’s stock, valued at $3,000,249.98. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard N. Barton sold 1,000 shares of Netflix stock in a transaction on Tuesday, April 18th. The shares were sold at an average price of $147.39, for a total value of $147,390.00. Following the transaction, the director now directly owns 8,012 shares of the company’s stock, valued at $1,180,888.68. The disclosure for this sale can be found here. Insiders have sold 421,458 shares of company stock worth $64,206,893 in the last quarter. Corporate insiders own 4.90% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Clean Yield Group bought a new position in shares of Netflix during the first quarter worth about $103,000. TD Capital Management LLC bought a new position in shares of Netflix during the second quarter worth about $105,000. SRS Capital Advisors Inc. boosted its position in shares of Netflix by 3,361.9% in the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock worth $107,000 after buying an additional 706 shares during the last quarter. Harfst & Associates Inc. bought a new position in shares of Netflix during the first quarter worth about $109,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in shares of Netflix by 24.2% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 770 shares of the Internet television network’s stock worth $114,000 after buying an additional 150 shares during the last quarter. 82.77% of the stock is 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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