Netflix Inc. (NFLX) PT Set at $120.00 by Raymond James Financial Inc.
Netflix Inc. (NASDAQ:NFLX) received a $120.00 target price from equities research analysts at Raymond James Financial Inc. in a report released on Monday. The brokerage currently has a a “buy” rating on the Internet television network’s stock. Raymond James Financial Inc.’s target price would indicate a potential upside of 16.13% from the stock’s current price.
NFLX has been the subject of several other research reports. Vetr upgraded Netflix from a “hold” rating to a “buy” rating and set a $102.90 target price for the company in a research report on Tuesday, September 20th. Cantor Fitzgerald restated a “buy” rating on shares of Netflix in a research report on Friday, September 9th. FBR & Co restated a “market perform” rating and set a $90.00 target price on shares of Netflix in a research report on Thursday, September 15th. RBC Capital Markets restated an “outperform” rating and set a $130.00 target price on shares of Netflix in a research report on Monday, August 29th. Finally, Jefferies Group restated an “underperform” rating and set a $76.00 target price on shares of Netflix in a research report on Friday, September 23rd. Eight equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-seven have issued a buy rating to the company’s stock. Netflix has a consensus rating of “Hold” and an average price target of $110.31.
Shares of Netflix (NASDAQ:NFLX) traded down 3.266% during mid-day trading on Monday, hitting $99.955. The stock had a trading volume of 6,664,156 shares. The stock has a market cap of $42.85 billion, a price-to-earnings ratio of 312.359 and a beta of 1.14. The firm’s 50-day moving average price is $98.41 and its 200 day moving average price is $96.32. Netflix has a 12-month low of $79.95 and a 12-month high of $133.27.
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Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, July 18th. The Internet television network reported $0.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.07. The business earned $2.11 billion during the quarter, compared to the consensus estimate of $2.11 billion. Netflix had a return on equity of 5.59% and a net margin of 1.85%. Netflix’s revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the company earned $0.06 EPS. Equities analysts forecast that Netflix will post $0.28 EPS for the current fiscal year.
In other Netflix news, Director Richard N. Barton sold 1,400 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $93.58, for a total value of $131,012.00. Following the transaction, the director now owns 15,562 shares in the company, valued at $1,456,291.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Reed Hastings sold 116,431 shares of the business’s stock in a transaction dated Thursday, July 21st. The shares were sold at an average price of $86.59, for a total transaction of $10,081,760.29. Following the completion of the transaction, the chief executive officer now owns 116,431 shares in the company, valued at approximately $10,081,760.29. The disclosure for this sale can be found here. 4.90% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Winslow Capital Management LLC purchased a new position in Netflix during the second quarter worth about $209,447,000. Capital World Investors boosted its position in shares of Netflix by 32.4% in the second quarter. Capital World Investors now owns 6,656,926 shares of the Internet television network’s stock valued at $608,976,000 after buying an additional 1,630,881 shares in the last quarter. Jericho Capital Asset Management L.P. bought a new position in shares of Netflix during the first quarter valued at about $94,076,000. Capital Research Global Investors boosted its position in shares of Netflix by 1.5% in the second quarter. Capital Research Global Investors now owns 49,967,802 shares of the Internet television network’s stock valued at $4,571,055,000 after buying an additional 761,325 shares in the last quarter. Finally, Criterion Capital Management LLC boosted its position in shares of Netflix by 241.5% in the second quarter. Criterion Capital Management LLC now owns 991,469 shares of the Internet television network’s stock valued at $90,700,000 after buying an additional 701,119 shares in the last quarter. Hedge funds and other institutional investors own 78.43% of the company’s stock.
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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