Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “market perform” rating reiterated by research analysts at BMO Capital Markets in a report issued on Tuesday, October 17th. They presently have a $205.00 price objective on the Internet television network’s stock, up from their previous price objective of $195.00. BMO Capital Markets’ price objective suggests a potential upside of 2.46% from the stock’s previous close.
NFLX has been the subject of several other research reports. Sanford C. Bernstein set a $203.00 price objective on Netflix and gave the company a “buy” rating in a research report on Wednesday, August 30th. Citigroup Inc. upped their target price on Netflix from $180.00 to $205.00 and gave the company a “neutral” rating in a report on Friday, October 13th. Morgan Stanley restated an “overweight” rating and set a $185.00 target price (up previously from $175.00) on shares of Netflix in a report on Thursday, July 13th. Vetr downgraded Netflix from a “sell” rating to a “strong sell” rating and set a $162.49 target price for the company. in a report on Monday, September 18th. Finally, Robert W. Baird reissued a “hold” rating and set a $175.00 price target on shares of Netflix in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirty-three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $207.20.
Netflix (NFLX) traded up $0.06 during trading hours on Tuesday, reaching $200.07. The company had a trading volume of 4,318,311 shares, compared to its average volume of 8,330,000. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.47. Netflix has a one year low of $110.68 and a one year high of $204.38. The company has a market cap of $86,330.00, a P/E ratio of 202.03, a price-to-earnings-growth ratio of 5.91 and a beta of 1.39.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 earnings per share 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 the consensus estimate of $2.97 billion. During the same quarter in the previous year, the firm posted $0.12 EPS. The business’s revenue for the quarter was up 30.3% compared to the same quarter last year. research analysts anticipate that Netflix will post 1.27 EPS for the current fiscal year.
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In other Netflix news, insider Jonathan Friedland sold 3,622 shares of Netflix stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $194.89, for a total value of $705,891.58. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 transaction of $181,370.00. Following the sale, the director now owns 8,012 shares of the company’s stock, valued at $1,453,136.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 340,487 shares of company stock worth $62,816,777. 4.90% of the stock is owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Almanack Investment Partners LLC. acquired a new position in Netflix in the 2nd quarter valued at $101,000. TD Capital Management LLC purchased a new stake in shares of Netflix during the 2nd quarter valued at $105,000. Appropriate Balance Financial Services Inc. grew its stake in shares of Netflix by 5.6% during the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 702 shares of the Internet television network’s stock valued at $4,701,000 after buying an additional 37 shares during the period. SRS Capital Advisors Inc. grew its stake in shares of Netflix by 3,361.9% during the 1st quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock valued at $107,000 after buying an additional 706 shares during the period. Finally, Harfst & Associates Inc. purchased a new stake in shares of Netflix during the 1st quarter valued at $109,000. 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.
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