Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “hold” rating restated by analysts at SunTrust Banks, Inc. in a research note issued on Tuesday. They currently have a $175.00 price target on the Internet television network’s stock, up from their previous price target of $145.00. SunTrust Banks, Inc.’s price target points to a potential downside of 4.82% from the stock’s current price.
A number of other equities analysts also recently commented on NFLX. Vetr downgraded Netflix from a “hold” rating to a “sell” rating and set a $137.95 price objective on the stock. in a report on Monday, March 20th. Deutsche Bank AG raised their price objective on Netflix from $110.00 to $125.00 and gave the stock a “hold” rating in a report on Monday, March 20th. Loop Capital restated a “buy” rating and issued a $167.00 price objective (up from $159.00) on shares of Netflix in a report on Monday, March 20th. Zacks Investment Research upgraded Netflix from a “hold” rating to a “buy” rating and set a $163.00 price objective on the stock in a report on Tuesday, March 21st. Finally, MKM Partners restated a “buy” rating and issued a $175.00 price objective on shares of Netflix in a report on Monday, March 27th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-nine have assigned a buy rating to the stock. Netflix presently has an average rating of “Buy” and an average price target of $169.38.
Shares of Netflix (NFLX) traded down 0.304% during mid-day trading on Tuesday, hitting $183.301. The company had a trading volume of 1,709,940 shares. Netflix has a 12 month low of $85.01 and a 12 month high of $187.17. The firm has a 50-day moving average of $157.45 and a 200-day moving average of $148.14. The company has a market cap of $79.08 billion, a PE ratio of 222.994 and a beta of 0.98. Netflix also saw unusually large options trading on Monday. Stock traders bought 105,623 call options on the company. This represents an increase of 271% compared to the average volume of 28,474 call options.
Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The business’s revenue for the quarter was up 32.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.09 earnings per share. On average, analysts expect that Netflix will post $1.15 EPS for the current year.
In related news, CEO Reed Hastings sold 115,577 shares of Netflix stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $152.63, for a total transaction of $17,640,517.51. Following the completion of the sale, the chief executive officer now owns 115,577 shares of the company’s stock, valued at $17,640,517.51. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Leslie J. Kilgore sold 1,211 shares of Netflix stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $147.38, for a total value of $178,477.18. Following the sale, the director now directly owns 36,407 shares of the company’s stock, valued at approximately $5,365,663.66. The disclosure for this sale can be found here. Insiders have sold 343,728 shares of company stock worth $53,858,193 in the last quarter. 4.90% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in NFLX. Clean Yield Group purchased a new stake in Netflix during the first quarter valued at approximately $103,000. TD Capital Management LLC purchased a new stake in Netflix during the second quarter valued at approximately $105,000. SRS Capital Advisors Inc. raised its stake in Netflix by 3,361.9% in the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock valued at $107,000 after buying an additional 706 shares during the last quarter. Harfst & Associates Inc. purchased a new stake in Netflix during the first quarter valued at approximately $109,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in Netflix by 24.2% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 770 shares of the Internet television network’s stock valued at $114,000 after buying an additional 150 shares during the last quarter. 82.77% of the stock is 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.
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