Sanford C. Bernstein Reaffirms Outperform Rating for Netflix, Inc. (NFLX)

Sanford C. Bernstein reissued their outperform rating on shares of Netflix, Inc. (NASDAQ:NFLX) in a research note published on Tuesday, September 12th.

Other equities analysts also recently issued research reports about the company. UBS AG reissued a buy rating and set a $175.00 price target on shares of Netflix in a research report on Monday, May 15th. Canaccord Genuity increased their price target on Netflix from $165.00 to $175.00 and gave the stock a buy rating in a research report on Friday, June 16th. Vetr raised Netflix from a hold rating to a buy rating and set a $168.81 price target on the stock in a research report on Monday, June 12th. Instinet reaffirmed a buy rating on shares of Netflix in a research report on Friday, June 2nd. Finally, MKM Partners reaffirmed a buy rating and set a $195.00 price objective (up previously from $175.00) on shares of Netflix in a research report on Monday, May 29th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-eight have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $178.90.

Netflix (NFLX) opened at 187.35 on Tuesday. Netflix has a 12 month low of $93.26 and a 12 month high of $191.50. The firm’s 50-day moving average price is $175.28 and its 200 day moving average price is $160.06. The stock has a market cap of $80.89 billion, a price-to-earnings ratio of 227.92 and a beta of 1.05.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Netflix had a return on equity of 12.82% and a net margin of 3.55%. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the previous year, the company posted $0.09 EPS. Netflix’s quarterly revenue was up 32.3% compared to the same quarter last year. On average, analysts anticipate that Netflix will post $1.17 earnings per share 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 dated Tuesday, June 27th. The stock was sold at an average price of $156.62, for a total value of $156,620.00. Following the completion of the transaction, the director now directly owns 8,012 shares in the company, valued at $1,254,839.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 2,000 shares of Netflix stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $154.31, for a total value of $308,620.00. Following the completion of the transaction, the director now owns 8,012 shares of the company’s stock, valued at $1,236,331.72. The disclosure for this sale can be found here. Insiders have sold 311,325 shares of company stock valued at $55,912,478 over the last 90 days. Insiders own 4.90% of the company’s stock.

A number of large investors have recently made changes to their positions in NFLX. Acadian Asset Management LLC increased its holdings in shares of Netflix by 193.5% in the first quarter. Acadian Asset Management LLC now owns 1,676 shares of the Internet television network’s stock valued at $248,000 after buying an additional 1,105 shares in the last quarter. US Bancorp DE increased its holdings in shares of Netflix by 12.7% in the first quarter. US Bancorp DE now owns 41,191 shares of the Internet television network’s stock valued at $6,088,000 after buying an additional 4,637 shares in the last quarter. Elkfork Partners LLC grew its position in Netflix by 13.5% during the 1st quarter. Elkfork Partners LLC now owns 9,418 shares of the Internet television network’s stock worth $1,392,000 after purchasing an additional 1,122 shares in the last quarter. Bank of New York Mellon Corp grew its position in Netflix by 0.3% during the 1st quarter. Bank of New York Mellon Corp now owns 3,651,285 shares of the Internet television network’s stock worth $539,696,000 after purchasing an additional 10,849 shares in the last quarter. Finally, Suntrust Banks Inc. grew its position in Netflix by 6.5% during the 1st quarter. Suntrust Banks Inc. now owns 22,146 shares of the Internet television network’s stock worth $3,271,000 after purchasing an additional 1,355 shares in the last quarter. 81.03% of the stock is currently owned by hedge funds and other institutional investors.

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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