FBR & Co restated their market perform rating on shares of Netflix, Inc. (NASDAQ:NFLX) in a report published on Friday, July 14th, Marketbeat.com reports. The firm currently has a $172.00 price objective on the Internet television network’s stock, up from their previous price objective of $145.00.
Several other equities research analysts have also recently weighed in on NFLX. UBS AG reissued a buy rating and issued a $175.00 price target on shares of Netflix in a research note on Wednesday, April 19th. Piper Jaffray Companies reaffirmed an overweight rating and set a $166.00 target price (up previously from $21.00) on shares of Netflix in a research note on Wednesday, April 19th. Instinet reaffirmed a buy rating on shares of Netflix in a research note on Friday, June 2nd. Zacks Investment Research raised Netflix from a hold rating to a buy rating and set a $171.00 target price for the company in a research note on Tuesday, June 20th. Finally, Cantor Fitzgerald reaffirmed an overweight rating and set a $190.00 target price on shares of Netflix in a research note on Thursday, July 13th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-nine have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $174.74.
Netflix (NASDAQ NFLX) opened at 178.36 on Friday. Netflix has a 52-week low of $92.95 and a 52-week high of $191.50. The company has a market cap of $77.01 billion, a price-to-earnings ratio of 216.98 and a beta of 1.02. The stock’s 50 day moving average is $165.67 and its 200 day moving average is $152.34.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.01. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The company’s quarterly revenue was up 32.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.09 EPS. On average, analysts predict that Netflix will post $1.17 earnings per share for the current fiscal year.
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In other news, Director Richard N. Barton sold 2,000 shares of the stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $159.08, for a total transaction of $318,160.00. Following the transaction, the director now directly owns 7,082 shares of the company’s stock, valued at approximately $1,126,604.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Gregory K. Peters sold 6,853 shares of the stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $164.29, for a total value of $1,125,879.37. Following the transaction, the insider now directly owns 19,943 shares in the company, valued at $3,276,435.47. The disclosure for this sale can be found here. Insiders sold a total of 388,801 shares of company stock worth $64,673,171 over the last ninety days. 4.90% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in NFLX. Commerce Bank boosted its position in Netflix by 11.0% in the second quarter. Commerce Bank now owns 8,588 shares of the Internet television network’s stock valued at $1,283,000 after buying an additional 849 shares during the last quarter. OZ Management LP purchased a new position in Netflix during the second quarter valued at $22,412,000. Principal Financial Group Inc. boosted its position in shares of Netflix by 2.6% in the second quarter. Principal Financial Group Inc. now owns 642,533 shares of the Internet television network’s stock worth $96,001,000 after buying an additional 16,002 shares in the last quarter. BKS Advisors LLC boosted its position in shares of Netflix by 7.7% in the second quarter. BKS Advisors LLC now owns 7,578 shares of the Internet television network’s stock worth $1,132,000 after buying an additional 540 shares in the last quarter. Finally, Birinyi Associates Inc. boosted its position in shares of Netflix by 272.3% in the second quarter. Birinyi Associates Inc. now owns 8,750 shares of the Internet television network’s stock worth $1,307,000 after buying an additional 6,400 shares in the last quarter. 82.78% of the stock is currently owned by hedge funds and other institutional investors.
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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