Netflix Given Market Perform Rating at Wells Fargo & Co. (NFLX)
Netflix (NASDAQ:NFLX) opened at 450.87 on Friday. Netflix has a 1-year low of $251.13 and a 1-year high of $475.87. The stock has a 50-day moving average of $441.5 and a 200-day moving average of $406.4. The company has a market cap of $27.093 billion and a price-to-earnings ratio of 135.39.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, July 21st. The company reported $1.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.14 by $0.01. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the company posted $0.49 earnings per share. The company’s quarterly revenue was up 25.4% on a year-over-year basis. On average, analysts predict that Netflix will post $3.86 earnings per share for the current fiscal year.
A number of other firms have also recently commented on NFLX. Analysts at Topeka Capital Markets raised their price target on shares of Netflix from $517.00 to $527.00 in a research note on Monday. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Netflix in a research note on Thursday, July 24th. They now have a $449.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Netflix in a research note on Tuesday, July 22nd. They now have a $453.00 price target on the stock, up previously from $410.00. Six research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $425.44.
In other Netflix news, Insider Neil D. Hunt sold 5,000 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $421.76, for a total value of $2,108,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Netflix, Inc is an Internet television network with more than 44 million members in over 40 countries.
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