Netflix Inc. (NFLX) Price Target Raised to $112.00 at Mizuho
Netflix Inc. (NASDAQ:NFLX) had its target price lifted by stock analysts at Mizuho from $90.00 to $112.00 in a research note issued on Tuesday. The brokerage presently has a “neutral” rating on the Internet television network’s stock. Mizuho’s target price would indicate a potential upside of 12.22% from the company’s previous close.
Several other research analysts also recently commented on NFLX. Nomura reissued a “buy” rating and set a $115.00 price target (down from $125.00) on shares of Netflix in a research note on Monday, June 20th. Zacks Investment Research raised shares of Netflix from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research note on Tuesday, June 21st. Sanford C. Bernstein reissued an “underperform” rating and set a $62.00 price target on shares of Netflix in a research note on Wednesday, June 22nd. Cantor Fitzgerald reissued a “buy” rating and set a $140.00 price target on shares of Netflix in a research note on Thursday, June 23rd. Finally, Pacific Crest reissued a “buy” rating and set a $130.00 price target on shares of Netflix in a research note on Wednesday, June 22nd. Eight analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. Netflix presently has a consensus rating of “Hold” and a consensus target price of $111.22.
Netflix (NASDAQ:NFLX) opened at 99.80 on Tuesday. Netflix has a 52-week low of $79.95 and a 52-week high of $133.27. The company’s 50 day moving average is $98.99 and its 200-day moving average is $96.28. The firm has a market cap of $42.79 billion, a P/E ratio of 311.88 and a beta of 1.14.
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Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, October 17th. The Internet television network reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. Netflix had a net margin of 1.85% and a return on equity of 5.59%. Netflix’s quarterly revenue was up 31.7% on a year-over-year basis. During the same period last year, the firm posted $0.07 earnings per share. On average, equities analysts predict that Netflix will post $0.28 EPS for the current fiscal year.
In other news, Director Jay C. Hoag purchased 600,000 shares of the stock in a transaction dated Monday, July 25th. The shares were purchased at an average cost of $86.43 per share, with a total value of $51,858,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard N. Barton sold 700 shares of Netflix stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $93.87, for a total value of $65,709.00. Following the completion of the sale, the director now directly owns 15,562 shares in the company, valued at $1,460,804.94. The disclosure for this sale can be found here. 4.90% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the company. National Pension Service raised its stake in shares of Netflix by 8.7% in the third quarter. National Pension Service now owns 272,049 shares of the Internet television network’s stock worth $26,810,000 after buying an additional 21,790 shares in the last quarter. Highland Capital Management LLC raised its stake in shares of Netflix by 218.5% in the third quarter. Highland Capital Management LLC now owns 10,350 shares of the Internet television network’s stock worth $1,020,000 after buying an additional 7,100 shares in the last quarter. Hollencrest Securities LLC purchased a new stake in shares of Netflix during the third quarter worth about $618,000. Capstone Asset Management Co. raised its stake in shares of Netflix by 3.3% in the third quarter. Capstone Asset Management Co. now owns 29,406 shares of the Internet television network’s stock worth $2,898,000 after buying an additional 938 shares in the last quarter. Finally, Grassi Investment Management purchased a new stake in shares of Netflix during the third quarter worth about $207,000. 78.41% of the stock is currently owned by hedge funds and other institutional investors.
Netflix Company Profile
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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