Netflix Inc. (NFLX) Stock Rating Reaffirmed by Dougherty & Co
Netflix Inc. (NASDAQ:NFLX)‘s stock had its “neutral” rating restated by Dougherty & Co in a research report issued to clients and investors on Monday.
NFLX has been the topic of several other research reports. FBR & Co reissued a “market perform” rating and issued a $90.00 price target on shares of Netflix in a report on Wednesday, October 5th. Deutsche Bank AG initiated coverage on Netflix in a report on Monday, October 10th. They issued a “sell” rating and a $90.00 price target on the stock. They noted that the move was a valuation call. Raymond James Financial Inc. set a $120.00 price target on Netflix and gave the stock a “buy” rating in a report on Monday, October 10th. Vetr downgraded Netflix from a “buy” rating to a “hold” rating and set a $105.94 price target on the stock. in a report on Monday, October 3rd. Finally, Robert W. Baird reissued a “neutral” rating and issued a $94.00 price target on shares of Netflix in a report on Tuesday, October 4th. Eight research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-seven have issued a buy rating to the company’s stock. Netflix currently has an average rating of “Hold” and a consensus price target of $110.29.
Netflix (NASDAQ:NFLX) traded down 2.301% during mid-day trading on Monday, reaching $99.135. The company’s stock had a trading volume of 8,497,933 shares. The firm’s 50 day moving average price is $98.93 and its 200 day moving average price is $96.40. The firm has a market capitalization of $42.50 billion, a P/E ratio of 309.797 and a beta of 1.14. Netflix has a 52 week low of $79.95 and a 52 week high of $133.27.
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In other news, Director Richard N. Barton sold 1,400 shares of the stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $93.58, for a total transaction of $131,012.00. Following the completion of the transaction, the director now directly owns 15,562 shares in the company, valued at approximately $1,456,291.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jay C. Hoag acquired 600,000 shares of Netflix 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. 4.90% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Fulton Bank N.A. increased its position in Netflix by 0.3% in the third quarter. Fulton Bank N.A. now owns 4,450 shares of the Internet television network’s stock worth $439,000 after buying an additional 12 shares in the last quarter. Concorde Asset Management LLC increased its position in Netflix by 0.5% in the second quarter. Concorde Asset Management LLC now owns 4,205 shares of the Internet television network’s stock worth $385,000 after buying an additional 20 shares in the last quarter. Coconut Grove Bank increased 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 worth $140,000 after buying an additional 26 shares in the last quarter. Conning Inc. increased its position in Netflix by 0.3% in the second quarter. Conning Inc. now owns 10,915 shares of the Internet television network’s stock worth $999,000 after buying an additional 30 shares in the last quarter. Finally, Mycio Wealth Partners LLC increased its position in Netflix by 1.5% in the second quarter. Mycio Wealth Partners LLC now owns 2,348 shares of the Internet television network’s stock worth $215,000 after buying an additional 35 shares in the last quarter. 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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