Netflix Inc. (NFLX) Given New $130.00 Price Target at Nomura
Netflix Inc. (NASDAQ:NFLX) had its price objective boosted by investment analysts at Nomura to $130.00 in a research note issued to investors on Tuesday. Nomura’s price objective suggests a potential upside of 30.26% from the stock’s current price.
Other equities analysts also recently issued research reports about the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $140.00 price target on shares of Netflix in a research report on Tuesday, June 28th. Jefferies Group reiterated an “underperform” rating and set a $76.00 price target (down previously from $80.00) on shares of Netflix in a research report on Sunday, July 17th. Wedbush reiterated an “underperform” rating and set a $50.00 price target (up previously from $45.00) on shares of Netflix in a research report on Sunday, July 17th. SunTrust Banks Inc. reiterated a “hold” rating on shares of Netflix in a research report on Sunday, July 17th. Finally, BTIG Research reiterated a “buy” rating and set a $130.00 price target (down previously from $150.00) on shares of Netflix in a research report on Sunday, July 17th. Eight analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-seven have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $111.13.
Netflix (NASDAQ:NFLX) opened at 99.80 on Tuesday. The stock’s 50 day moving average price is $98.99 and its 200 day moving average price is $96.28. The company has a market cap of $42.79 billion, a P/E ratio of 311.88 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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Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, October 17th. The Internet television network reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. Netflix had a return on equity of 5.59% and a net margin of 1.85%. Netflix’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.07 earnings per share. Analysts expect that Netflix will post $0.28 earnings per share for the current year.
In other news, Director Jay C. Hoag purchased 600,000 shares of the company’s stock in a transaction on Monday, July 25th. The shares were bought at an average price of $86.43 per share, for a total transaction of $51,858,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Reed Hastings sold 116,431 shares of the firm’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 transaction of $10,081,760.29. Following the completion of the sale, the chief executive officer now owns 116,431 shares in the company, valued at approximately $10,081,760.29. The disclosure for this sale can be found here. 4.90% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in the stock. Capital Research Global Investors raised 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 worth $4,571,055,000 after buying an additional 761,325 shares in the last quarter. Vanguard Group Inc. raised 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 worth $2,291,951,000 after buying an additional 484,692 shares in the last quarter. Baillie Gifford & Co. raised 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 worth $669,307,000 after buying an additional 314,275 shares in the last quarter. Capital World Investors raised 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 worth $608,976,000 after buying an additional 1,630,881 shares in the last quarter. Finally, Geode Capital Management LLC raised 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 worth $352,036,000 after buying an additional 79,246 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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