Netflix, Inc. (NASDAQ:NFLX) had its target price hoisted by research analysts at Oppenheimer Holdings, Inc. from $215.00 to $245.00 in a research note issued to investors on Tuesday, October 17th, Marketbeat.com reports. The firm presently has an “outperform” rating on the Internet television network’s stock. Oppenheimer Holdings, Inc.’s target price would indicate a potential upside of 22.44% from the stock’s current price. Oppenheimer Holdings also issued estimates for Netflix’s Q4 2017 earnings at $0.41 EPS, FY2017 earnings at $1.24 EPS, Q1 2018 earnings at $0.58 EPS, Q2 2018 earnings at $0.61 EPS, Q3 2018 earnings at $0.82 EPS, Q4 2018 earnings at $1.01 EPS, FY2018 earnings at $3.01 EPS, FY2019 earnings at $5.75 EPS, FY2020 earnings at $8.04 EPS and FY2021 earnings at $10.92 EPS.
A number of other equities analysts have also commented on NFLX. Jefferies Group LLC reiterated a “hold” rating and set a $165.00 price target (down previously from $171.80) on shares of Netflix in a report on Wednesday, August 9th. Wedbush reiterated a “sell” rating on shares of Netflix in a report on Wednesday, August 9th. J P Morgan Chase & Co reiterated a “buy” rating on shares of Netflix in a report on Wednesday, August 9th. BidaskClub lowered shares of Netflix from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $215.00 target price on shares of Netflix in a report on Monday, August 14th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirty-three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $207.20.
Shares of Netflix (NASDAQ NFLX) traded up $0.08 during trading on Tuesday, reaching $200.09. 4,279,319 shares of the company’s stock were exchanged, compared to its average volume of 8,330,000. The firm has a market capitalization of $86,330.00, a price-to-earnings ratio of 202.03, a P/E/G ratio of 5.91 and a beta of 1.39. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20. Netflix has a 1 year low of $110.68 and a 1 year high of $204.38.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.97 billion. Netflix had a return on equity of 14.56% and a net margin of 4.04%. Netflix’s revenue for the quarter was up 30.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 EPS. research analysts expect that Netflix will post 1.27 earnings per share for the current year.
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In other Netflix news, Director Richard N. Barton sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $181.37, for a total transaction of $181,370.00. Following the completion of the sale, the director now directly owns 8,012 shares in the company, valued at approximately $1,453,136.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 700 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $197.38, for a total transaction of $138,166.00. Following the sale, the director now owns 7,362 shares of the company’s stock, valued at $1,453,111.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 340,487 shares of company stock valued at $62,816,777. 4.90% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the business. Almanack Investment Partners LLC. bought a new stake in shares of Netflix in the second quarter worth approximately $101,000. TD Capital Management LLC bought a new stake in shares of Netflix in the second quarter worth approximately $105,000. SRS Capital Advisors Inc. grew its stake 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 worth $107,000 after acquiring an additional 706 shares during the period. Harfst & Associates Inc. bought a new stake in shares of Netflix in the first quarter worth approximately $109,000. Finally, Aviance Capital Management LLC bought a new stake in shares of Netflix in the second quarter worth approximately $137,000. Institutional investors and hedge funds own 80.68% 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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