Netflix, Inc. (NASDAQ:NFLX) has been assigned a $203.00 price objective by equities researchers at Sanford C. Bernstein in a note issued to investors on Monday. The brokerage currently has a “buy” rating on the Internet television network’s stock. Sanford C. Bernstein’s price target would indicate a potential upside of 25.54% from the company’s current price.
Several other research analysts have also recently weighed in on the stock. Stifel Nicolaus upped their price objective on shares of Netflix from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, April 18th. Royal Bank Of Canada restated an “outperform” rating and issued a $175.00 price objective on shares of Netflix in a research report on Monday, April 17th. FBR & Co upped their price objective on shares of Netflix from $144.00 to $145.00 and gave the stock a “mkt perform” rating in a research report on Tuesday, April 18th. Jefferies Group LLC upped their target price on Netflix from $135.00 to $141.00 and gave the stock a “hold” rating in a research note on Wednesday, April 19th. Finally, MKM Partners reaffirmed a “buy” rating and issued a $195.00 target price on shares of Netflix in a research note on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and thirty have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $169.38.
Shares of Netflix (NASDAQ NFLX) traded up 13.96% during midday trading on Monday, reaching $184.28. 34,624,280 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $157.80 and a 200 day moving average price of $144.87. Netflix has a 12 month low of $84.50 and a 12 month high of $185.00. The company has a market cap of $79.42 billion, a P/E ratio of 238.40 and a beta of 0.99. Netflix also was the recipient of some unusual options trading on Monday. Investors acquired 105,623 call options on the stock. This represents an increase of 271% compared to the average volume of 28,474 call options.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01. Netflix had a net margin of 3.55% and a return on equity of 12.73%. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the prior year, the company earned $0.09 earnings per share. The company’s quarterly revenue was up 32.3% on a year-over-year basis. Equities research analysts forecast that Netflix will post $1.05 earnings per share for the current fiscal year.
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In related news, Director Richard N. Barton sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $156.62, for a total transaction of $156,620.00. Following the transaction, the director now owns 8,012 shares in the company, valued at $1,254,839.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gregory K. Peters sold 6,909 shares of the firm’s stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $150.02, for a total transaction of $1,036,488.18. Following the transaction, the insider now owns 19,999 shares in the company, valued at approximately $3,000,249.98. The disclosure for this sale can be found here. Insiders have sold 420,458 shares of company stock worth $64,059,503 in the last quarter. Company insiders own 4.90% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of NFLX. Clean Yield Group bought a new position in Netflix during the first quarter worth approximately $103,000. TD Capital Management LLC acquired a new stake in shares of Netflix during the second quarter worth $105,000. SRS Capital Advisors Inc. boosted its stake 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. acquired a new stake in shares of Netflix during the first quarter worth $109,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake 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. Institutional investors and hedge funds own 82.77% of the company’s stock.
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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