Netflix Inc. (NFLX) Earns “Outperform” Rating from Cowen and Company
Netflix Inc. (NASDAQ:NFLX)‘s stock had its “outperform” rating restated by research analysts at Cowen and Company in a report issued on Wednesday. They presently have a $110.00 target price on the Internet television network’s stock. Cowen and Company’s target price points to a potential upside of 10.60% from the company’s current price.
NFLX has been the topic of a number of other research reports. Vetr raised shares of Netflix from a “hold” rating to a “buy” rating and set a $102.90 target price on the stock in a research report on Tuesday, September 20th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Netflix in a research report on Friday, September 9th. FBR & Co reaffirmed 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 reaffirmed 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 reaffirmed an “underperform” rating and set a $76.00 target price on shares of Netflix in a research report on Friday, September 23rd. Eight research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $110.32.
Netflix (NASDAQ:NFLX) traded down 1.08% on Wednesday, hitting $99.50. 7,418,646 shares of the stock were exchanged. The stock has a market cap of $42.66 billion, a PE ratio of 310.94 and a beta of 1.14. The company’s 50 day moving average is $98.56 and its 200 day moving average is $96.35. Netflix has a 1-year low of $79.95 and a 1-year high of $133.27.
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Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, July 18th. The Internet television network reported $0.09 EPS for the quarter, beating the Zacks’ 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 company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter last year, the firm posted $0.06 earnings per share. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. On average, equities research analysts expect that Netflix will post $0.28 earnings per share for the current year.
In related news, Director Richard N. Barton sold 1,400 shares of the stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $93.58, for a total transaction of $131,012.00. Following the completion of the sale, the director now directly owns 15,562 shares in the company, valued at approximately $1,456,291.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jay C. Hoag bought 600,000 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The shares were bought 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. 4.90% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in NFLX. Hollencrest Securities LLC purchased a new position in shares of Netflix during the third quarter valued at about $618,000. Capstone Asset Management Co. raised its position in shares of Netflix by 3.3% in the third quarter. Capstone Asset Management Co. now owns 29,406 shares of the Internet television network’s stock valued at $2,898,000 after buying an additional 938 shares in the last quarter. Grassi Investment Management purchased a new position in shares of Netflix during the third quarter valued at about $207,000. Fisher Asset Management LLC purchased a new position in shares of Netflix during the third quarter valued at about $229,000. Finally, Gradient Investments LLC raised its position in shares of Netflix by 5.3% in the third quarter. Gradient Investments LLC now owns 3,537 shares of the Internet television network’s stock valued at $349,000 after buying an additional 177 shares in 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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