Netflix, Inc. (NFLX) Earns “Buy” Rating from Instinet

Instinet restated their buy rating on shares of Netflix, Inc. (NASDAQ:NFLX) in a research note issued to investors on Tuesday. Instinet currently has a $165.00 price objective on the Internet television network’s stock.

Several other research analysts have also commented on NFLX. Needham & Company LLC reiterated a hold rating on shares of Netflix in a research report on Tuesday. Robert W. Baird reiterated a neutral rating and issued a $138.00 price target on shares of Netflix in a research report on Monday, April 3rd. FBR & Co reiterated a hold rating and issued a $144.00 price target on shares of Netflix in a research report on Tuesday, April 11th. Stifel Nicolaus lifted their price target on Netflix from $155.00 to $170.00 and gave the stock a buy rating in a research report on Tuesday. Finally, Cantor Fitzgerald lifted their price target on Netflix from $160.00 to $165.00 and gave the stock an overweight rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-six have given a buy rating to the company’s stock. Netflix currently has a consensus rating of Buy and an average price target of $145.35.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

Netflix (NASDAQ:NFLX) traded up 0.09% during midday trading on Tuesday, reaching $141.30. The company had a trading volume of 2,493,961 shares. Netflix has a one year low of $84.50 and a one year high of $148.29. The stock has a market capitalization of $60.82 billion, a price-to-earnings ratio of 328.60 and a beta of 1.27. The company has a 50-day moving average price of $143.46 and a 200-day moving average price of $130.69.

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 earned $2.64 billion during the quarter, compared to analyst estimates of $2.64 billion. Netflix had a return on equity of 7.51% and a net margin of 2.11%. 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. On average, equities analysts expect that Netflix will post $1.05 earnings per share for the current year.

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In related news, Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction dated Wednesday, April 19th. The shares were sold at an average price of $145.38, for a total transaction of $290,760.00. Following the completion of the transaction, the director now owns 8,012 shares in the company, valued at approximately $1,164,784.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 1,000 shares of the company’s stock in a transaction dated Tuesday, April 18th. The stock was sold at an average price of $147.39, for a total transaction of $147,390.00. Following the transaction, the director now owns 8,012 shares of the company’s stock, valued at approximately $1,180,888.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 236,281 shares of company stock valued at $34,047,161. Insiders own 4.90% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NFLX. First Trust Advisors LP boosted its position in Netflix by 6.4% in the third quarter. First Trust Advisors LP now owns 1,958,697 shares of the Internet television network’s stock worth $193,030,000 after buying an additional 117,557 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake 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 during the last quarter. Sigma Planning Corp raised its stake in shares of Netflix by 0.5% in the third quarter. Sigma Planning Corp now owns 10,692 shares of the Internet television network’s stock worth $1,054,000 after buying an additional 54 shares during the last quarter. RPG Investment Advisory LLC raised its stake in shares of Netflix by 56.2% in the third quarter. RPG Investment Advisory LLC now owns 32,154 shares of the Internet television network’s stock worth $3,168,000 after buying an additional 11,574 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Netflix by 60.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 94,950 shares of the Internet television network’s stock worth $9,357,000 after buying an additional 35,631 shares during the last quarter. Hedge funds and other institutional investors own 80.42% of the company’s stock.

About Netflix

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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