Pacific Crest Reaffirms “Overweight” Rating for Netflix, Inc. (NFLX)

Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “overweight” rating reiterated by equities research analysts at Pacific Crest in a report released on Friday, April 7th. They presently have a $170.00 target price on the Internet television network’s stock. Pacific Crest’s price target would indicate a potential upside of 8.11% from the stock’s current price.

Several other equities analysts have also recently commented on the stock. Canaccord Genuity reissued a “buy” rating and set a $140.00 target price on shares of Netflix in a research report on Tuesday, January 3rd. Loop Capital reissued a “buy” rating and set a $159.00 target price on shares of Netflix in a research report on Saturday, January 28th. Zacks Investment Research cut shares of Netflix from a “buy” rating to a “hold” rating in a research report on Tuesday, March 7th. Vetr raised shares of Netflix from a “strong sell” rating to a “sell” rating and set a $135.13 target price on the stock in a research report on Monday, February 13th. Finally, MKM Partners reissued a “buy” rating and set a $175.00 target price on shares of Netflix in a research report on Monday, March 27th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-six have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $145.88.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

Shares of Netflix (NASDAQ:NFLX) opened at 157.25 on Friday. Netflix has a 52 week low of $84.50 and a 52 week high of $157.90. The company has a 50-day moving average price of $146.40 and a 200 day moving average price of $134.26. The stock has a market capitalization of $67.77 billion, a P/E ratio of 203.43 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, April 17th. The Internet television network reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.03. Netflix had a net margin of 2.11% and a return on equity of 7.51%. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter last year, the firm earned $0.06 EPS. The firm’s revenue for the quarter was up 34.7% compared to the same quarter last year. Analysts forecast that Netflix will post $1.04 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Pacific Crest Reaffirms “Overweight” Rating for Netflix, Inc. (NFLX)” was originally posted by BBNS and is the property of of BBNS. If you are reading this report on another domain, it was copied illegally and republished in violation of US and international copyright & trademark legislation. The legal version of this report can be accessed at https://baseballnewssource.com/markets/netflix-inc-nflx-stock-rating-reaffirmed-by-pacific-crest-updated-updated/580544.html.

In other Netflix news, CEO Reed Hastings sold 84,469 shares of Netflix stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $142.71, for a total value of $12,054,570.99. Following the completion of the transaction, the chief executive officer now directly owns 84,469 shares of the company’s stock, valued at approximately $12,054,570.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Neil D. Hunt sold 10,000 shares of Netflix stock in a transaction on Monday, May 1st. The stock was sold at an average price of $151.91, for a total transaction of $1,519,100.00. Following the completion of the transaction, the insider now directly owns 462,460 shares of the company’s stock, valued at $70,252,298.60. The disclosure for this sale can be found here. Insiders have sold 360,416 shares of company stock valued at $51,852,771 over the last ninety days. 4.90% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of the company. Teza Capital Management LLC purchased a new stake in Netflix during the first quarter valued at about $1,004,000. Main Street Research LLC raised its stake in Netflix by 12.5% in the first quarter. Main Street Research LLC now owns 39,488 shares of the Internet television network’s stock valued at $5,837,000 after buying an additional 4,373 shares during the period. Intrust Bank NA purchased a new stake in Netflix during the first quarter valued at about $201,000. Meadow Creek Investment Management LLC raised its stake in Netflix by 13.5% in the first quarter. Meadow Creek Investment Management LLC now owns 6,094 shares of the Internet television network’s stock valued at $901,000 after buying an additional 726 shares during the period. Finally, UBS Asset Management Americas Inc. raised its stake in Netflix by 12.0% in the first quarter. UBS Asset Management Americas Inc. now owns 1,056,540 shares of the Internet television network’s stock valued at $156,167,000 after buying an additional 112,890 shares during the period. 80.42% 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.

5 Day Chart for NASDAQ:NFLX

Receive News & Ratings for Netflix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix Inc. and related companies with our FREE daily email newsletter.

 


Latest News

MLB and Facebook Announce Live Streaming for Games
MLB and Facebook Announce Live Streaming for Games
Can Anyway Stop the Houston Astros?
Can Anyway Stop the Houston Astros?
Kevin Pillar Turns from Defense to Offense
Kevin Pillar Turns from Defense to Offense
Chris Iannetta Hit in Face with 93mph Fastball
Chris Iannetta Hit in Face with 93mph Fastball
Ryan Zimmerman Resurgence Once Again Helping Nationals
Ryan Zimmerman Resurgence Once Again Helping Nationals
Cody Bellinger Knocking the Cover Off the Ball
Cody Bellinger Knocking the Cover Off the Ball


Leave a Reply

 
© 2006-2017 BBNS.