Netflix, Inc. (NFLX) Given “Buy” Rating at Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of Netflix, Inc. (NASDAQ:NFLX) in a report issued on Monday. Rosenblatt Securities currently has a $225.00 price target on the Internet television network’s stock.

NFLX has been the topic of several other reports. Raymond James Financial, Inc. restated an outperform rating and issued a $205.00 price objective (up from $165.00) on shares of Netflix in a report on Tuesday, July 18th. Stifel Nicolaus boosted their price objective on shares of Netflix from $200.00 to $230.00 and gave the company a buy rating in a report on Thursday, October 12th. J P Morgan Chase & Co restated an overweight rating and issued a $225.00 price objective (up from $210.00) on shares of Netflix in a report on Friday, October 13th. Cantor Fitzgerald restated an overweight rating and issued a $190.00 price objective on shares of Netflix in a report on Thursday, July 13th. Finally, Vetr upgraded shares of Netflix from a strong sell rating to a sell rating and set a $177.49 price objective on the stock in a report on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and thirty-four have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $205.69.

Netflix (NASDAQ:NFLX) opened at 195.83 on Monday. The company has a 50-day moving average of $186.18 and a 200 day moving average of $167.05. The stock has a market cap of $84.68 billion, a P/E ratio of 195.63 and a beta of 1.09. Netflix has a 1-year low of $98.38 and a 1-year high of $200.82.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data 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). The company had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.97 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. The firm’s quarterly revenue was up 30.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 earnings per share. Analysts predict that Netflix will post $1.25 EPS for the current year.

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In other news, CEO Reed Hastings sold 109,214 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $188.61, for a total value of $20,598,852.54. Following the completion of the sale, the chief executive officer now directly owns 109,214 shares of the company’s stock, valued at $20,598,852.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jonathan Friedland sold 3,617 shares of the stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $203.35, for a total value of $735,516.95. The disclosure for this sale can be found here. Insiders sold 305,288 shares of company stock valued at $55,168,715 over the last ninety days. 4.90% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC boosted its holdings in shares of Netflix by 0.6% in the second quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock valued at $229,000 after acquiring an additional 10 shares during the period. Guardian Life Insurance Co. of America boosted its holdings in shares of Netflix by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock valued at $245,000 after acquiring an additional 11 shares during the period. M Holdings Securities Inc. boosted its holdings in shares of Netflix by 0.5% in the first quarter. M Holdings Securities Inc. now owns 2,467 shares of the Internet television network’s stock valued at $365,000 after acquiring an additional 12 shares during the period. Heritage Investors Management Corp boosted its holdings in shares of Netflix by 0.6% in the second quarter. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network’s stock valued at $298,000 after acquiring an additional 12 shares during the period. Finally, Kalos Management Inc. boosted its holdings in shares of Netflix by 0.7% in the second quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock valued at $242,000 after acquiring an additional 12 shares during the period. 81.02% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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