Macquarie set a $175.00 target price on Netflix, Inc. (NASDAQ:NFLX) in a report released on Tuesday morning. The firm currently has a neutral rating on the Internet television network’s stock.
NFLX has been the topic of a number of other reports. MKM Partners restated a buy rating and issued a $175.00 price target on shares of Netflix in a report on Monday, March 27th. Zacks Investment Research raised shares of Netflix from a hold rating to a buy rating and set a $163.00 price target for the company in a research report on Tuesday, March 21st. Loop Capital reissued a buy rating and set a $167.00 price target (up from $159.00) on shares of Netflix in a research report on Monday, March 20th. Cantor Fitzgerald reaffirmed a buy rating and set a $160.00 target price (up from $148.64) on shares of Netflix in a report on Thursday, April 13th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a buy rating and set a $170.00 target price on shares of Netflix in a report on Friday, April 14th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-nine have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $169.38.
Netflix (NASDAQ NFLX) traded up 2.18% during mid-day trading on Tuesday, hitting $187.60. 7,851,070 shares of the stock traded hands. The company’s 50 day moving average is $158.04 and its 200 day moving average is $148.40. Netflix has a 12 month low of $85.01 and a 12 month high of $187.84. The company has a market cap of $80.93 billion, a P/E ratio of 228.22 and a beta of 0.98.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The company’s revenue for the quarter was up 32.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.09 earnings per share. On average, analysts expect that Netflix will post $1.16 earnings per share for the current fiscal year.
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In other news, General Counsel David A. Hyman sold 14,021 shares of Netflix stock in a transaction dated Tuesday, April 25th. The shares were sold at an average price of $150.00, for a total transaction of $2,103,150.00. Following the sale, the general counsel now owns 41,629 shares of the company’s stock, valued at approximately $6,244,350. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jonathan Friedland sold 2,496 shares of Netflix stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $182.17, for a total transaction of $454,696.32. Following the sale, the insider now directly owns 1,232 shares in the company, valued at approximately $224,433.44. The disclosure for this sale can be found here. In the last three months, insiders sold 343,728 shares of company stock worth $53,858,193. Insiders own 4.90% of the company’s stock.
Large investors have recently bought and sold shares of the company. 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 valued at $168,000 after buying an additional 9 shares during the period. Guardian Life Insurance Co. of America boosted its position in 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 valued at $245,000 after buying an additional 11 shares during the last quarter. M Holdings Securities Inc. boosted its position in Netflix by 0.5% in the first quarter. M Holdings Securities Inc. now owns 2,467 shares of the Internet television network’s stock valued at $365,000 after buying an additional 12 shares during the last quarter. Heritage Investors Management Corp boosted its position in Netflix by 0.6% in the second quarter. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network’s stock valued at $298,000 after buying an additional 12 shares during the last quarter. Finally, Assetmark Inc. boosted its position in Netflix by 3.1% in the first quarter. Assetmark Inc. now owns 1,201 shares of the Internet television network’s stock valued at $178,000 after buying an additional 36 shares during the last quarter. 82.77% of the stock is currently owned by institutional investors and hedge funds.
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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