Netflix’s (NASDAQ:NFLX) Buy Rating Reaffirmed at FBR & Co

Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “buy” rating reissued by research analysts at FBR & Co in a research report issued to clients and investors on Tuesday, October 17th, MarketBeat.com reports. They currently have a $207.00 price objective on the Internet television network’s stock, up from their prior price objective of $172.00. FBR & Co’s target price suggests a potential upside of 3.45% from the company’s current price. FBR & Co also issued estimates for Netflix’s Q4 2017 earnings at $0.41 EPS, FY2017 earnings at $1.22 EPS, FY2017 earnings at $1.33 EPS, FY2018 earnings at $1.98 EPS, FY2019 earnings at $3.21 EPS and FY2020 earnings at $4.95 EPS.

Several other research firms also recently weighed in on NFLX. Jefferies Group LLC set a $190.00 target price on Netflix and gave the stock a “neutral” rating in a research report on Tuesday, October 17th. Wedbush set a $93.00 target price on Netflix and gave the stock a “sell” rating in a research report on Tuesday, October 17th. Aegis assumed coverage on Netflix in a research report on Monday, October 16th. They set a “hold” rating and a $200.00 target price on the stock. Rosenblatt Securities restated a “buy” rating and set a $225.00 price target on shares of Netflix in a research note on Monday, October 16th. Finally, Buckingham Research restated a “buy” rating and set a $214.00 price target on shares of Netflix in a research note on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and thirty-three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $207.20.

Shares of Netflix (NASDAQ NFLX) traded up $0.08 during trading hours on Tuesday, hitting $200.09. The stock had a trading volume of 4,279,319 shares, compared to its average volume of 8,330,000. 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 twelve month low of $110.68 and a twelve month high of $204.38. The stock has a market capitalization of $86,330.00, a P/E ratio of 202.03, a P/E/G ratio of 5.91 and a beta of 1.39.

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 Thomson Reuters’ consensus estimate of $0.32 by ($0.03). Netflix had a net margin of 4.04% and a return on equity of 14.56%. The company had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.97 billion. During the same quarter in the prior year, the company earned $0.12 earnings per share. The firm’s revenue was up 30.3% compared to the same quarter last year. sell-side analysts forecast that Netflix will post 1.27 EPS for the current year.

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In related news, Director Richard N. Barton sold 1,000 shares of Netflix stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $181.37, for a total value of $181,370.00. Following the transaction, the director now directly owns 8,012 shares of the company’s stock, valued at $1,453,136.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard N. Barton sold 2,000 shares of Netflix stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $165.72, for a total transaction of $331,440.00. Following the completion of the transaction, the director now directly owns 8,012 shares in the company, valued at $1,327,748.64. The disclosure for this sale can be found here. Insiders have sold 340,487 shares of company stock worth $62,816,777 over the last ninety days. Insiders own 4.90% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Quadrant Capital Group LLC boosted its position in 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 buying an additional 10 shares in the last quarter. Guardian Life Insurance Co. of America boosted its position in 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 buying an additional 11 shares in the last quarter. M Holdings Securities Inc. boosted its position in 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 buying an additional 12 shares in the last quarter. Heritage Investors Management Corp boosted its position in 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 buying an additional 12 shares in the last quarter. Finally, Kalos Management Inc. boosted its position in 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 buying an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 80.68% 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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