Netflix Inc. (NFLX) Earns Sell Rating from Analysts at Deutsche Bank AG
Equities research analysts at Deutsche Bank AG began coverage on shares of Netflix Inc. (NASDAQ:NFLX) in a report issued on Monday. The brokerage set a “sell” rating and a $90.00 price target on the Internet television network’s stock. Deutsche Bank AG’s price target indicates a potential downside of 14.14% from the stock’s previous close. The analysts noted that the move was a valuation call.
Several other equities analysts have also recently weighed in on the stock. FBR & Co reiterated a “market perform” rating and issued a $90.00 price objective on shares of Netflix in a research note on Wednesday, October 5th. SunTrust Banks Inc. reiterated a “neutral” rating and issued a $100.00 price objective on shares of Netflix in a research note on Wednesday, October 5th. Loop Capital began coverage on shares of Netflix in a research note on Tuesday, October 4th. They issued a “buy” rating and a $125.00 price objective on the stock. Robert W. Baird reiterated a “neutral” rating and issued a $94.00 price objective on shares of Netflix in a research note on Tuesday, October 4th. Finally, Zacks Investment Research cut shares of Netflix from a “buy” rating to a “hold” rating in a research note on Tuesday, October 4th. Eight equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $110.84.
Netflix (NASDAQ:NFLX) traded down 0.81% on Monday, hitting $103.97. 2,791,023 shares of the company were exchanged. The company has a 50 day moving average price of $98.20 and a 200-day moving average price of $96.33. Netflix has a 52 week low of $79.95 and a 52 week high of $133.27. The stock has a market capitalization of $44.57 billion, a P/E ratio of 324.91 and a beta of 1.14.
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Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, July 18th. The Internet television network reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.07. Netflix had a net margin of 1.85% and a return on equity of 5.59%. The firm had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter in the prior year, the business earned $0.06 EPS. The business’s quarterly revenue was up 19.5% on a year-over-year basis. On average, equities analysts expect that Netflix will post $0.28 earnings per share for the current fiscal year.
In other news, Director Richard N. Barton sold 2,800 shares of the stock in a transaction on Thursday, October 6th. The stock was sold at an average price of $104.27, for a total transaction of $291,956.00. Following the completion of the transaction, the director now directly owns 15,254 shares in the company, valued at approximately $1,590,534.58. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jay C. Hoag purchased 600,000 shares of the stock in a transaction dated Monday, July 25th. The shares were acquired at an average price of $86.43 per share, with a total value of $51,858,000.00. The disclosure for this purchase can be found here. Insiders own 4.90% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. raised its position in Netflix by 25.6% in the second quarter. Cornerstone Advisors Inc. now owns 1,118 shares of the Internet television network’s stock valued at $102,000 after buying an additional 228 shares during the last quarter. Signature Estate & Investment Advisors LLC purchased a new position in Netflix during the second quarter valued at about $124,000. Quadrant Capital Group LLC raised its position in Netflix by 15.1% in the second quarter. Quadrant Capital Group LLC now owns 1,475 shares of the Internet television network’s stock valued at $126,000 after buying an additional 194 shares during the last quarter. Coconut Grove Bank raised its position in Netflix by 1.7% in the second quarter. Coconut Grove Bank now owns 1,526 shares of the Internet television network’s stock valued at $140,000 after buying an additional 26 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in Netflix by 15.3% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,690 shares of the Internet television network’s stock valued at $155,000 after buying an additional 224 shares during the last quarter. Institutional investors and hedge funds own 78.43% of the company’s stock.
Netflix Company Profile
Netflix, Inc (Netflix) is a provider of Internet television network. The Company’s members can watch original series, documentaries and feature films in Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content.
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