Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “hold” rating reissued by equities researchers at SunTrust Banks, Inc. in a research report issued on Tuesday, July 18th. They presently have a $175.00 target price on the Internet television network’s stock, up from their prior target price of $145.00. SunTrust Banks, Inc.’s price objective would indicate a potential upside of 2.34% from the company’s current price. SunTrust Banks also issued estimates for Netflix’s Q3 2017 earnings at $0.32 EPS, Q4 2017 earnings at $0.30 EPS, FY2017 earnings at $1.17 EPS, FY2018 earnings at $1.97 EPS and FY2019 earnings at $3.35 EPS.
Other equities analysts have also issued research reports about the company. MKM Partners reiterated a “buy” rating and issued a $175.00 price target on shares of Netflix in a research note on Monday, March 27th. 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 research report on Tuesday, March 21st. Loop Capital restated a “buy” rating and set a $167.00 price objective (up previously from $159.00) on shares of Netflix in a research report on Monday, March 20th. Cantor Fitzgerald restated a “buy” rating and set a $160.00 price objective (up previously from $148.64) on shares of Netflix in a research 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-eight have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $175.13.
Shares of Netflix (NASDAQ NFLX) opened at 171.00 on Tuesday. Netflix has a 52 week low of $93.26 and a 52 week high of $191.50. The company’s 50 day moving average is $169.13 and its 200-day moving average is $154.17. The company has a market capitalization of $73.83 billion, a PE ratio of 208.03 and a beta of 1.02.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the previous year, the business posted $0.09 EPS. The company’s revenue for the quarter was up 32.3% on a year-over-year basis. On average, analysts expect that Netflix will post $1.19 EPS for the current fiscal year.
In related 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 $1,254,839.44. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Reed Hastings sold 115,577 shares of Netflix stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $152.63, for a total value of $17,640,517.51. Following the transaction, the chief executive officer now directly owns 115,577 shares in the company, valued at approximately $17,640,517.51. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 389,801 shares of company stock worth $64,889,201. Company insiders own 4.90% of the company’s stock.
A number of large investors have recently bought and sold shares of NFLX. Almanack Investment Partners LLC. acquired a new position in shares of Netflix during the second quarter valued at approximately $101,000. Clean Yield Group purchased a new stake in Netflix during the first quarter worth about $103,000. TD Capital Management LLC purchased a new stake in Netflix during the second quarter worth about $105,000. SRS Capital Advisors Inc. boosted 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 worth $107,000 after buying an additional 706 shares in the last quarter. Finally, Harfst & Associates Inc. purchased a new stake in Netflix during the first quarter worth about $109,000. Hedge funds and other institutional investors own 82.94% of the company’s stock.
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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