A number of other research firms have also weighed in on NFLX. Piper Jaffray Companies reissued a buy rating and issued a $215.00 target price on shares of Netflix in a research note on Monday, September 18th. Loop Capital boosted their target price on Netflix from $228.00 to $242.00 and gave the company a buy rating in a research note on Tuesday, October 17th. Royal Bank Of Canada reissued an outperform rating and issued a $210.00 target price on shares of Netflix in a research note on Friday, October 6th. Vetr raised Netflix from a sell rating to a hold rating and set a $165.75 target price for the company in a research note on Thursday, August 10th. Finally, MKM Partners reissued a buy rating and issued a $195.00 target price on shares of Netflix in a research note on Monday, July 10th. 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. Netflix currently has an average rating of Buy and a consensus target price of $207.30.
Shares of Netflix (NASDAQ NFLX) traded down 0.1415% during trading on Thursday, reaching $193.8852. The company’s stock had a trading volume of 2,882,508 shares. The stock’s 50-day moving average is $186.73 and its 200-day moving average is $167.39. Netflix has a 12-month low of $110.68 and a 12-month high of $204.38. The stock has a market cap of $83.84 billion, a P/E ratio of 193.6915 and a beta of 1.09.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings results 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 return on equity of 14.56% and a net margin of 4.04%. The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same period last year, the firm earned $0.12 EPS. The company’s revenue for the quarter was up 30.3% on a year-over-year basis. Equities research analysts anticipate that Netflix will post $1.25 earnings per share for the current fiscal year.
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In related news, Director Richard N. Barton sold 1,000 shares of the company’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $187.79, for a total transaction of $187,790.00. Following the completion of the sale, the director now owns 7,198 shares of the company’s stock, valued at approximately $1,351,712.42. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Leslie J. Kilgore sold 868 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $202.00, for a total transaction of $175,336.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 196,074 shares of company stock valued at $34,569,862. 4.90% of the stock is owned by corporate insiders.
Several institutional investors have recently bought and sold shares of NFLX. FMR LLC grew its stake in shares of Netflix by 12.4% in the 2nd quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock valued at $3,531,042,000 after buying an additional 2,605,731 shares during the period. Janus Henderson Group PLC grew its stake in shares of Netflix by 3,478.1% in the 2nd quarter. Janus Henderson Group PLC now owns 2,041,458 shares of the Internet television network’s stock valued at $305,014,000 after buying an additional 1,984,404 shares during the period. Jennison Associates LLC grew its stake in shares of Netflix by 14.0% in the 2nd quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network’s stock valued at $2,208,891,000 after buying an additional 1,814,056 shares during the period. Vanguard Group Inc. grew its stake in shares of Netflix by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 27,161,082 shares of the Internet television network’s stock valued at $4,014,680,000 after buying an additional 921,283 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of Netflix by 22,622.2% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 814,592 shares of the Internet television network’s stock valued at $121,708,000 after buying an additional 811,007 shares during the period. 81.02% of the stock is owned by institutional investors and hedge funds.
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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