Cantor Fitzgerald restated their buy rating on shares of Netflix, Inc. (NASDAQ:NFLX) in a research note issued to investors on Thursday, October 5th. The brokerage currently has a $205.00 price target on the Internet television network’s stock.
Several other equities research analysts also recently weighed in on NFLX. Jefferies Group LLC reaffirmed a hold rating and issued a $165.00 price objective (down previously from $171.80) on shares of Netflix in a report on Wednesday, August 9th. Wedbush reaffirmed a sell rating on shares of Netflix in a report on Wednesday, August 9th. J P Morgan Chase & Co reaffirmed a buy rating on shares of Netflix in a report on Wednesday, August 9th. BidaskClub downgraded shares of Netflix from a buy rating to a hold rating in a report on Saturday, August 12th. Finally, Piper Jaffray Companies reaffirmed an overweight rating and issued a $215.00 price objective on shares of Netflix in a report on Monday, August 14th. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and thirty-three have given a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $200.29.
Shares of Netflix (NASDAQ:NFLX) traded down 1.68% during mid-day trading on Thursday, hitting $199.28. 20,507,879 shares of the stock traded hands. The company has a market cap of $86.04 billion, a P/E ratio of 242.43 and a beta of 1.09. Netflix has a 12 month low of $98.38 and a 12 month high of $204.38. The firm has a 50 day moving average of $183.35 and a 200 day moving average of $165.87.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.03). Netflix had a net margin of 3.55% and a return on equity of 12.82%. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same period last year, the firm posted $0.12 EPS. The business’s revenue was up 30.3% compared to the same quarter last year. Equities analysts anticipate that Netflix will post $1.19 EPS for the current fiscal year.
In other Netflix news, Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $187.75, for a total value of $375,500.00. Following the sale, the director now owns 7,198 shares in the company, valued at approximately $1,351,424.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jonathan Friedland sold 1,217 shares of the company’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $193.34, for a total value of $235,294.78. Following the completion of the sale, the insider now owns 1,217 shares in the company, valued at approximately $235,294.78. The disclosure for this sale can be found here. Insiders sold a total of 303,299 shares of company stock worth $54,712,558 in the last quarter. Corporate insiders own 4.90% of the company’s stock.
Several institutional investors have recently made changes to their positions in NFLX. Almanack Investment Partners LLC. bought a new stake in shares of Netflix during the 2nd quarter valued at about $101,000. TD Capital Management LLC bought a new stake in shares of Netflix during the 2nd quarter valued at about $105,000. SRS Capital Advisors Inc. boosted its position in shares of Netflix by 3,361.9% during the 1st quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock valued at $107,000 after purchasing an additional 706 shares in the last quarter. Harfst & Associates Inc. bought a new stake in shares of Netflix during the 1st quarter valued at about $109,000. Finally, Aviance Capital Management LLC bought a new stake in shares of Netflix during the 2nd quarter valued at about $137,000. Institutional investors own 81.02% of the company’s stock.
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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