Netflix Inc. (NFLX) Given a $120.00 Price Target by Raymond James Financial Inc. Analysts
Netflix Inc. (NASDAQ:NFLX) has been given a $120.00 price objective by equities research analysts at Raymond James Financial Inc. in a note issued to investors on Sunday. The firm currently has a a “buy” rating on the Internet television network’s stock. Raymond James Financial Inc.’s price target would suggest a potential upside of 18.26% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Netflix from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a research report on Tuesday, June 21st. Nomura reissued a “buy” rating and set a $115.00 price objective (down previously from $125.00) on shares of Netflix in a research report on Monday, June 20th. Pacific Crest reissued a “buy” rating and set a $130.00 price objective on shares of Netflix in a research report on Wednesday, June 22nd. Cantor Fitzgerald reissued a “buy” rating and set a $140.00 price objective on shares of Netflix in a research report on Thursday, June 23rd. Finally, Vetr downgraded shares of Netflix from a “strong-buy” rating to a “buy” rating and set a $107.96 price objective for the company. in a research report on Monday, July 4th. Eight investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $110.29.
Netflix (NASDAQ:NFLX) traded down 0.81% on Friday, reaching $100.65. 13,107,110 shares of the company’s stock were exchanged. Netflix has a 12 month low of $79.95 and a 12 month high of $133.27. The firm has a market cap of $43.15 billion, a PE ratio of 314.53 and a beta of 1.14. The firm’s 50-day moving average is $98.93 and its 200-day moving average is $96.40.
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In related news, Director Richard N. Barton sold 1,400 shares of the company’s stock in a transaction that occurred on 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 directly owns 15,562 shares in the company, valued at $1,456,291.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jay C. Hoag acquired 600,000 shares of the firm’s stock in a transaction that occurred on Monday, July 25th. The stock was bought at an average price of $86.43 per share, for a total transaction of $51,858,000.00. The disclosure for this purchase can be found here. 4.90% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. National Pension Service boosted its position in Netflix by 8.7% in the third quarter. National Pension Service now owns 272,049 shares of the Internet television network’s stock valued at $26,810,000 after buying an additional 21,790 shares during the period. Highland Capital Management LLC boosted its position in Netflix by 218.5% in the third quarter. Highland Capital Management LLC now owns 10,350 shares of the Internet television network’s stock valued at $1,020,000 after buying an additional 7,100 shares during the period. Hollencrest Securities LLC bought a new position in Netflix during the third quarter valued at $618,000. Capstone Asset Management Co. boosted its position in 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 during the period. Finally, Grassi Investment Management bought a new position in Netflix during the third quarter valued at $207,000. Institutional investors own 78.41% 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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