FBR & Co restated their mkt perform rating on shares of Netflix, Inc. (NASDAQ:NFLX) in a research report released on Friday, MarketBeat Ratings reports. The brokerage currently has a $172.00 target price on the Internet television network’s stock, up from their previous target price of $145.00.
Several other analysts also recently weighed in on the company. Wedbush lifted their target price on Netflix from $68.00 to $73.00 and gave the company an underperform rating in a research note on Tuesday, April 18th. Vetr raised Netflix from a sell rating to a hold rating and set a $138.98 price objective on the stock in a research note on Monday, April 17th. Pivotal Research boosted their price objective on Netflix from $170.00 to $175.00 and gave the stock a buy rating in a research note on Tuesday, April 18th. Royal Bank Of Canada reissued an outperform rating and issued a $175.00 price objective on shares of Netflix in a research note on Monday, April 17th. Finally, William Blair reissued an outperform rating and issued a $165.00 price objective on shares of Netflix in a research note on Saturday, April 22nd. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and thirty have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $169.38.
Shares of Netflix (NFLX) traded up 13.54% on Friday, reaching $183.60. The company had a trading volume of 41,527,151 shares. The company has a market capitalization of $79.13 billion, a price-to-earnings ratio of 237.52 and a beta of 0.99. Netflix has a 12 month low of $84.50 and a 12 month high of $185.00. The stock has a 50 day moving average price of $157.80 and a 200-day moving average price of $144.87. Netflix also was the recipient of some unusual options trading on Monday. Investors acquired 105,623 call options on the stock. This is an increase of approximately 271% compared to the typical daily volume of 28,474 call options.
Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.01. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.73%. The firm’s revenue was up 32.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.09 EPS. Analysts forecast that Netflix will post $1.05 EPS for the current fiscal year.
In other Netflix news, insider Gregory K. Peters sold 6,853 shares of the stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $164.29, for a total value of $1,125,879.37. Following the sale, the insider now directly owns 19,943 shares in the company, valued at approximately $3,276,435.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard N. Barton sold 2,000 shares of the firm’s stock in a transaction on Wednesday, April 19th. The shares were sold at an average price of $145.38, for a total transaction of $290,760.00. Following the sale, the director now owns 8,012 shares in the company, valued at approximately $1,164,784.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 420,458 shares of company stock worth $64,059,503. 4.90% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Guardian Life Insurance Co. of America raised its stake in shares of Netflix by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock worth $245,000 after buying an additional 11 shares during the period. Teachers Advisors LLC boosted its position in shares of Netflix by 2.0% in the first quarter. Teachers Advisors LLC now owns 1,300,531 shares of the Internet television network’s stock worth $192,231,000 after buying an additional 25,266 shares during the period. Banco Santander S.A. acquired a new position in shares of Netflix during the first quarter worth about $43,264,000. Bronfman E.L. Rothschild L.P. boosted its position in shares of Netflix by 0.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,134 shares of the Internet television network’s stock worth $168,000 after buying an additional 9 shares during the period. Finally, Twin Capital Management Inc. boosted its position in shares of Netflix by 0.8% in the first quarter. Twin Capital Management Inc. now owns 16,900 shares of the Internet television network’s stock worth $2,498,000 after buying an additional 130 shares during the period. Hedge funds and other institutional investors own 82.77% 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.
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