Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “outperform” rating reissued by equities researchers at Sanford C. Bernstein in a research report issued on Tuesday, July 18th. They presently have a $203.00 target price on the Internet television network’s stock, up from their prior target price of $178.00. Sanford C. Bernstein’s price objective would indicate a potential upside of 18.71% from the company’s current price.
NFLX has been the topic of a number of other research reports. MKM Partners restated a “buy” rating and set a $175.00 price objective on shares of Netflix in a research report 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 reaffirmed a “buy” rating and set a $167.00 target price (up from $159.00) on shares of Netflix in a report on Monday, March 20th. Cantor Fitzgerald reissued a “buy” rating and issued a $160.00 price objective (up from $148.64) on shares of Netflix in a research note on Thursday, April 13th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $170.00 target price on shares of Netflix in a research report on Friday, April 14th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price 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.
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In other Netflix news, insider Gregory K. Peters sold 12,768 shares of the company’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $177.38, for a total value of $2,264,787.84. Following the sale, the insider now directly owns 19,208 shares in the company, valued at $3,407,115.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gregory K. Peters sold 6,853 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 19,943 shares in the company, valued at $3,276,435.47. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 389,801 shares of company stock valued at $64,889,201. 4.90% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the stock. Raymond James Trust N.A. raised its position in shares of Netflix by 57.0% in the first quarter. Raymond James Trust N.A. now owns 2,800 shares of the Internet television network’s stock valued at $414,000 after buying an additional 1,017 shares during the period. CHURCHILL MANAGEMENT Corp raised its position in Netflix by 1,487.2% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 190,989 shares of the Internet television network’s stock valued at $28,230,000 after buying an additional 178,956 shares during the last quarter. Paradigm Financial Advisors LLC bought a new position in Netflix during the first quarter valued at $238,000. CENTRAL TRUST Co raised its position in Netflix by 408.4% in the first quarter. CENTRAL TRUST Co now owns 849 shares of the Internet television network’s stock valued at $125,000 after buying an additional 682 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its stake in shares of Netflix by 3.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 373,360 shares of the Internet television network’s stock valued at $55,187,000 after buying an additional 12,440 shares during the period. 82.94% 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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