Netflix’s (NASDAQ:NFLX) Outperform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reiterated their outperform rating on shares of Netflix, Inc. (NASDAQ:NFLX) in a report issued on Friday, October 6th. Royal Bank Of Canada currently has a $210.00 price objective on the Internet television network’s stock.

NFLX has been the subject of a number of other reports. Sanford C. Bernstein set a $203.00 target price on Netflix and gave the company a buy rating in a report on Wednesday, August 30th. Canaccord Genuity raised their price target on Netflix from $165.00 to $175.00 and gave the company a buy rating in a research note on Friday, June 16th. Morgan Stanley reiterated an overweight rating and set a $185.00 target price (up previously from $175.00) on shares of Netflix in a research report on Thursday, July 13th. Vetr cut Netflix from a sell rating to a strong sell rating and set a $162.49 target price on the stock. in a research report on Monday, September 18th. Finally, Robert W. Baird reiterated a hold rating and set a $175.00 target price on shares of Netflix in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and thirty-four have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $205.69.

Netflix (NASDAQ:NFLX) opened at 195.54 on Friday. The stock has a market capitalization of $84.55 billion, a P/E ratio of 195.34 and a beta of 1.09. Netflix has a 12-month low of $98.38 and a 12-month high of $200.82. The firm’s 50-day moving average is $185.59 and its 200-day moving average is $166.85.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the 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 analysts’ expectations of $2.97 billion. During the same quarter in the prior year, the business earned $0.12 earnings per share. The company’s quarterly revenue was up 30.3% on a year-over-year basis. Analysts predict that Netflix will post $1.25 EPS for the current fiscal year.

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In related news, CEO Reed Hastings sold 109,214 shares of the firm’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $188.61, for a total transaction of $20,598,852.54. Following the transaction, the chief executive officer now directly owns 109,214 shares of the company’s stock, valued at $20,598,852.54. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard N. Barton sold 2,000 shares of the stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $187.75, for a total transaction of $375,500.00. Following the sale, the director now owns 7,198 shares in the company, valued at $1,351,424.50. The disclosure for this sale can be found here. Insiders have sold 305,288 shares of company stock worth $55,168,715 over the last ninety days. Insiders own 4.90% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Crow Point Partners LLC acquired a new stake in Netflix during the third quarter worth about $189,000. Intl Fcstone Inc. acquired a new stake in Netflix during the second quarter worth about $278,000. Navellier & Associates Inc acquired a new stake in shares of Netflix in the 2nd quarter valued at approximately $492,000. USA Financial Portformulas Corp acquired a new stake in shares of Netflix in the 2nd quarter valued at approximately $6,229,000. Finally, Toronto Dominion Bank boosted its stake in shares of Netflix by 25.7% in the 2nd quarter. Toronto Dominion Bank now owns 146,001 shares of the Internet television network’s stock valued at $21,810,000 after purchasing an additional 29,867 shares in the last quarter. Hedge funds and other institutional investors own 81.02% of the company’s stock.

About Netflix

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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