Netflix Inc. (NFLX) Price Target Increased to $115.00 by Analysts at BMO Capital Markets
Netflix Inc. (NASDAQ:NFLX) had its price objective lifted by stock analysts at BMO Capital Markets to $115.00 in a research note issued on Tuesday. BMO Capital Markets’ price objective would suggest a potential upside of 15.23% from the stock’s current price.
Other analysts also recently issued research reports about the stock. Vetr raised shares of Netflix from a “hold” rating to a “buy” rating and set a $102.90 price objective for the company in a research note on Tuesday, September 20th. Cantor Fitzgerald reissued a “buy” rating on shares of Netflix in a research note on Friday, September 9th. FBR & Co reissued a “market perform” rating and issued a $90.00 price objective on shares of Netflix in a research note on Thursday, September 15th. Wedbush set a $45.00 price objective on shares of Netflix and gave the stock a “sell” rating in a research note on Thursday, October 13th. Finally, RBC Capital Markets reissued an “outperform” rating and issued a $130.00 price objective on shares of Netflix in a research note on Monday, August 29th. Eight investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $111.13.
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 firm’s 50 day moving average price is $98.99 and its 200 day moving average price is $96.28. The firm has a market cap of $42.79 billion, a price-to-earnings ratio of 311.88 and a beta of 1.14.
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Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, October 17th. The Internet television network reported $0.12 EPS for the quarter, beating the Zacks’ 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 firm earned $2.29 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter last year, the firm earned $0.07 EPS. The firm’s revenue for the quarter was up 31.7% compared to the same quarter last year. Equities research analysts anticipate 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 stock was acquired at an average cost of $86.43 per share, for a total transaction of $51,858,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard N. Barton sold 2,800 shares of Netflix stock in a transaction dated Thursday, October 6th. The stock was sold at an average price of $104.27, for a total transaction of $291,956.00. Following the sale, the director now owns 15,254 shares of the company’s stock, valued at $1,590,534.58. The disclosure for this sale can be found here. Company insiders own 4.90% of the company’s stock.
Large investors have recently modified their holdings of the company. Cornerstone Advisors Inc. increased its stake in shares of Netflix by 25.6% in the second quarter. Cornerstone Advisors Inc. now owns 1,118 shares of the Internet television network’s stock worth $102,000 after buying an additional 228 shares during the period. Signature Estate & Investment Advisors LLC purchased a new stake in shares of Netflix during the second quarter worth approximately $124,000. Quadrant Capital Group LLC increased its stake in shares of Netflix by 15.1% in the second quarter. Quadrant Capital Group LLC now owns 1,475 shares of the Internet television network’s stock worth $126,000 after buying an additional 194 shares during the period. Coconut Grove Bank increased its stake in shares of 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 during the period. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Netflix by 15.3% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,690 shares of the Internet television network’s stock worth $155,000 after buying an additional 224 shares during the period. Institutional investors and hedge funds 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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