Netflix, Inc. (NASDAQ:NFLX) had its target price hoisted by Jefferies Group LLC from $165.00 to $180.00 in a research report report published on Friday morning, Marketbeat reports. Jefferies Group LLC currently has a hold rating on the Internet television network’s stock. Jefferies Group also issued estimates for Netflix’s Q3 2017 earnings at $0.33 EPS, Q4 2017 earnings at $0.36 EPS, FY2017 earnings at $1.23 EPS, Q1 2018 earnings at $0.78 EPS, Q2 2018 earnings at $0.44 EPS and Q1 2019 earnings at $1.17 EPS.
A number of other research firms have also recently commented on NFLX. Piper Jaffray Companies reissued a buy rating and set a $215.00 target price on shares of Netflix in a research report on Monday, September 18th. Vetr raised shares of Netflix from a sell rating to a hold rating and set a $165.75 target price for the company in a research report on Thursday, August 10th. MKM Partners reissued a buy rating and set a $195.00 target price on shares of Netflix in a research report on Monday, July 10th. J P Morgan Chase & Co reissued a buy rating on shares of Netflix in a research report on Wednesday, August 9th. Finally, KeyCorp reissued a buy rating and set a $190.00 target price on shares of Netflix in a research report on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirty-one have given a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $187.47.
Shares of Netflix (NFLX) opened at 196.87 on Friday. The company has a market cap of $85.00 billion, a P/E ratio of 239.50 and a beta of 1.09. Netflix has a 12 month low of $97.63 and a 12 month high of $199.40. The company’s 50 day moving average is $179.65 and its 200 day moving average is $164.37.
Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.01). Netflix had a net margin of 3.55% and a return on equity of 12.82%. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. During the same period in the previous year, the company earned $0.09 EPS. The company’s revenue was up 32.3% on a year-over-year basis. On average, equities research analysts predict that Netflix will post $1.18 EPS for the current fiscal year.
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In related news, insider Gregory K. Peters sold 12,768 shares of Netflix stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $177.38, for a total value of $2,264,787.84. Following the completion of the transaction, the insider now owns 19,208 shares in the company, valued at $3,407,115.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Reed Hastings sold 109,214 shares of Netflix stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $188.61, for a total transaction of $20,598,852.54. Following the completion of the transaction, the chief executive officer now owns 109,214 shares of the company’s stock, valued at approximately $20,598,852.54. The disclosure for this sale can be found here. Insiders sold 316,067 shares of company stock valued at $56,923,386 in the last 90 days. Company insiders own 4.90% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Almanack Investment Partners LLC. acquired a new position in shares of Netflix in the second quarter valued at approximately $101,000. TD Capital Management LLC acquired a new position in shares of Netflix in the second quarter valued at approximately $105,000. Appropriate Balance Financial Services Inc. grew its holdings in shares of Netflix by 5.6% in the second quarter. Appropriate Balance Financial Services Inc. now owns 702 shares of the Internet television network’s stock valued at $4,701,000 after purchasing an additional 37 shares in the last quarter. SRS Capital Advisors Inc. grew its holdings 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 valued at $107,000 after purchasing an additional 706 shares in the last quarter. Finally, Harfst & Associates Inc. acquired a new position in shares of Netflix in the first quarter valued at approximately $109,000. Hedge funds and other institutional investors own 81.02% 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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