Netflix Inc. (NFLX) PT Lowered to $90.00 at FBR & Co
Netflix Inc. (NASDAQ:NFLX) had its price objective reduced by research analysts at FBR & Co from $100.00 to $90.00 in a report released on Tuesday. The firm presently has a “mkt perform” rating on the Internet television network’s stock. FBR & Co’s price target indicates a potential downside of 24.24% from the stock’s previous close.
Several other analysts have also commented on the stock. Nomura raised their target price on shares of Netflix to $130.00 in a research note on Tuesday. Pacific Crest reaffirmed a “buy” rating and set a $130.00 target price on shares of Netflix in a research note on Wednesday, June 22nd. Zacks Investment Research raised shares of Netflix from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a research note on Tuesday, June 21st. Cantor Fitzgerald reaffirmed a “buy” rating and set a $140.00 target price on shares of Netflix in a research note on Thursday, June 23rd. Finally, Vetr downgraded shares of Netflix from a “strong-buy” rating to a “buy” rating and set a $107.96 target price for the company. in a research note on Monday, July 4th. Eight research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-eight have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $115.73.
Netflix (NASDAQ:NFLX) opened at 118.79 on Tuesday. The stock has a market cap of $50.93 billion, a P/E ratio of 371.22 and a beta of 1.14. Netflix has a 1-year low of $79.95 and a 1-year high of $133.27. The company has a 50-day moving average price of $99.60 and a 200 day moving average price of $96.38.
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Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, October 17th. The Internet television network reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.06. Netflix had a net margin of 1.85% and a return on equity of 5.59%. The business earned $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period last year, the business posted $0.07 earnings per share. Netflix’s quarterly revenue was up 31.7% compared to the same quarter last year. Equities analysts expect that Netflix will post $0.28 earnings per share for the current fiscal year.
In related news, Director Jay C. Hoag acquired 600,000 shares of the firm’s stock in a transaction on Monday, July 25th. The shares were acquired at an average cost of $86.43 per share, with a total value of $51,858,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Reed Hastings sold 116,431 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 116,431 shares in the company, valued at $10,081,760.29. The disclosure for this sale can be found here. Company insiders own 4.90% of the company’s stock.
A number of institutional investors have recently bought and sold shares of NFLX. Capital Research Global Investors increased its position in 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. Vanguard Group Inc. increased its position in Netflix by 2.0% in the second quarter. Vanguard Group Inc. now owns 25,054,115 shares of the Internet television network’s stock valued at $2,291,951,000 after buying an additional 484,692 shares in the last quarter. Baillie Gifford & Co. increased its position in Netflix by 4.5% in the second quarter. Baillie Gifford & Co. now owns 7,316,440 shares of the Internet television network’s stock valued at $669,307,000 after buying an additional 314,275 shares in the last quarter. Capital World Investors increased its position in 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. Finally, Geode Capital Management LLC increased its position in Netflix by 2.4% in the first quarter. Geode Capital Management LLC now owns 3,450,527 shares of the Internet television network’s stock valued at $352,036,000 after buying an additional 79,246 shares in the last quarter. 78.41% of the stock is currently owned by institutional investors and hedge funds.
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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