FBR & Co Raises Netflix Inc. (NFLX) Price Target to $100.00
Netflix Inc. (NASDAQ:NFLX) had its target price boosted by equities research analysts at FBR & Co from $90.00 to $100.00 in a research report issued to clients and investors on Tuesday. The firm presently has a “market perform” rating on the Internet television network’s stock. FBR & Co’s price objective would indicate a potential upside of 0.20% from the stock’s previous close.
Other research analysts also recently issued research reports about the company. Royal Bank Of Canada restated an “outperform” rating and set a $140.00 price target on shares of Netflix in a report on Tuesday, June 28th. Jefferies Group restated an “underperform” rating and set a $76.00 price target (down previously from $80.00) on shares of Netflix in a report on Sunday, July 17th. Wedbush reiterated an “underperform” rating and set a $50.00 target price (up previously from $45.00) on shares of Netflix in a report on Sunday, July 17th. SunTrust Banks Inc. reiterated a “hold” rating on shares of Netflix in a report on Sunday, July 17th. Finally, BTIG Research reiterated a “buy” rating and set a $130.00 target price (down previously from $150.00) on shares of Netflix in a report on Sunday, July 17th. Seven equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $115.93.
Netflix (NASDAQ:NFLX) traded up 18.8762% on Tuesday, hitting $118.6385. The stock had a trading volume of 38,319,044 shares. The company has a market cap of $50.86 billion, a P/E ratio of 370.7453 and a beta of 1.14. The stock has a 50 day moving average price of $98.99 and a 200 day moving average price of $96.28. 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 announced its quarterly earnings results on Monday, October 17th. The Internet television network reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. Netflix had a return on equity of 5.59% and a net margin of 1.85%. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the previous year, the business earned $0.07 EPS. Netflix’s revenue was up 31.7% compared to the same quarter last year. On average, equities research analysts expect that Netflix will post $0.28 EPS for the current fiscal year.
In other news, CEO Reed Hastings sold 116,431 shares of the company’s stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $86.59, for a total value of $10,081,760.29. Following the transaction, the chief executive officer now directly owns 116,431 shares in the company, valued at approximately $10,081,760.29. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jay C. Hoag bought 600,000 shares of Netflix stock in a transaction on Monday, July 25th. The shares were acquired 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.
A number of large investors have recently added to or reduced their stakes in NFLX. Winslow Capital Management LLC acquired a new stake in Netflix during the second quarter worth about $209,447,000. Capital World Investors raised its stake 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 worth $608,976,000 after buying an additional 1,630,881 shares during the period. Jericho Capital Asset Management L.P. acquired a new stake in Netflix during the first quarter worth about $94,076,000. Capital Research Global Investors raised its stake 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 worth $4,571,055,000 after buying an additional 761,325 shares during the period. Finally, Criterion Capital Management LLC raised its stake in Netflix by 241.5% in the second quarter. Criterion Capital Management LLC now owns 991,469 shares of the Internet television network’s stock worth $90,700,000 after buying an additional 701,119 shares during the period. 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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