Netflix, Inc. (NFLX) Price Target Raised to $215.00 at Oppenheimer Holdings, Inc.

Netflix, Inc. (NASDAQ:NFLX) had its target price raised by Oppenheimer Holdings, Inc. from $200.00 to $215.00 in a research report released on Friday morning, Marketbeat reports. The firm currently has an outperform rating on the Internet television network’s stock. Oppenheimer Holdings also issued estimates for Netflix’s Q4 2017 earnings at $0.24 EPS, Q1 2018 earnings at $0.37 EPS, Q2 2018 earnings at $0.43 EPS, Q3 2018 earnings at $0.55 EPS, Q4 2018 earnings at $0.61 EPS, FY2020 earnings at $5.57 EPS and FY2021 earnings at $7.75 EPS.

A number of other equities research analysts have also weighed in on NFLX. Vetr raised shares of Netflix from a hold rating to a buy rating and set a $168.81 target price on the stock in a research note on Monday, June 12th. Canaccord Genuity lifted their target price on shares of Netflix from $165.00 to $175.00 and gave the company a buy rating in a research note on Friday, June 16th. Royal Bank Of Canada reaffirmed an outperform rating and set a $175.00 target price on shares of Netflix in a research note on Friday, June 16th. BidaskClub lowered shares of Netflix from a buy rating to a hold rating in a research note on Saturday, June 17th. Finally, Guggenheim reaffirmed a buy rating and set a $180.00 target price (up previously from $175.00) on shares of Netflix in a research note on Tuesday, June 20th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirty-one have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $187.47.

Netflix (NASDAQ:NFLX) opened at 196.87 on Friday. The stock’s 50 day moving average is $179.65 and its 200 day moving average is $164.37. Netflix has a one year low of $97.63 and a one year high of $199.40. The firm has a market cap of $85.00 billion, a price-to-earnings ratio of 239.50 and a beta of 1.09.

Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The company’s revenue for the quarter was up 32.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 EPS. On average, analysts predict that Netflix will post $1.18 earnings per share for the current fiscal year.

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In other news, Director Leslie J. Kilgore sold 903 shares of the company’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $194.00, for a total value of $175,182.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan Friedland sold 3,622 shares of the company’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $194.89, for a total transaction of $705,891.58. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 316,067 shares of company stock worth $56,923,386. Company insiders own 4.90% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Quadrant Capital Group LLC grew 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 worth $229,000 after purchasing an additional 10 shares during the last quarter. Guardian Life Insurance Co. of America grew 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 worth $245,000 after purchasing an additional 11 shares during the last quarter. M Holdings Securities Inc. grew 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 worth $365,000 after purchasing an additional 12 shares during the last quarter. Heritage Investors Management Corp grew 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 worth $298,000 after purchasing an additional 12 shares during the last quarter. Finally, Kalos Management Inc. grew 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 worth $242,000 after purchasing an additional 12 shares during the last quarter. 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.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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