Robert W. Baird reaffirmed their neutral rating on shares of Netflix, Inc. (NASDAQ:NFLX) in a research note released on Tuesday, July 18th. Robert W. Baird currently has a $175.00 target price on the Internet television network’s stock, up from their prior target price of $140.00.
Several other equities research analysts have also weighed in on the company. BMO Capital Markets restated a market perform rating and issued a $180.00 target price (up from $150.00) on shares of Netflix in a report on Tuesday, July 18th. Guggenheim restated a buy rating and issued a $190.00 target price (up from $180.00) on shares of Netflix in a report on Tuesday, July 18th. FBR & Co boosted their target price on Netflix from $145.00 to $172.00 and gave the stock a mkt perform rating in a report on Tuesday, July 18th. Rosenblatt Securities raised Netflix from a neutral rating to a buy rating and lifted their price target for the stock from $155.00 to $200.00 in a research report on Tuesday, July 18th. Finally, Canaccord Genuity lifted their price target on Netflix from $175.00 to $200.00 and gave the stock a buy rating in a research report on Tuesday, July 18th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-nine have assigned a buy rating to the company. The company currently has an average rating of Buy and an average price target of $174.36.
Shares of Netflix (NASDAQ NFLX) traded up 0.58% during trading on Tuesday, reaching $180.27. 4,491,055 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $163.28 and a 200-day moving average price of $151.74. The stock has a market capitalization of $77.83 billion, a price-to-earnings ratio of 219.31 and a beta of 1.02. Netflix has a 52 week low of $91.82 and a 52 week high of $191.50.
Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same quarter last year, the firm posted $0.09 earnings per share. The firm’s revenue for the quarter was up 32.3% compared to the same quarter last year. Analysts predict that Netflix will post $1.17 earnings per share for the current year.
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In other Netflix 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 transaction of $156,620.00. Following the transaction, the director now directly owns 8,012 shares of the company’s stock, valued at approximately $1,254,839.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Neil D. Hunt sold 25,000 shares of Netflix stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $156.55, for a total value of $3,913,750.00. Following the transaction, the insider now directly owns 471,435 shares in the company, valued at $73,803,149.25. The disclosure for this sale can be found here. Insiders have sold a total of 423,801 shares of company stock worth $70,183,121 in the last 90 days. 4.90% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Clean Yield Group acquired a new position in shares of Netflix during the first quarter worth about $103,000. TD Capital Management LLC acquired a new position in shares of Netflix during the second quarter worth about $105,000. SRS Capital Advisors Inc. increased its position in shares of Netflix by 3,361.9% in the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock worth $107,000 after buying an additional 706 shares in the last quarter. Harfst & Associates Inc. acquired a new position in shares of Netflix during the first quarter worth about $109,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in shares of 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 worth $114,000 after buying an additional 150 shares in the last quarter. 82.57% of the stock is currently owned by hedge funds and other institutional investors.
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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