Netflix’s (NFLX) “Neutral” Rating Reaffirmed at Robert W. Baird
Netflix Inc. (NASDAQ:NFLX)‘s stock had its “neutral” rating reaffirmed by stock analysts at Robert W. Baird in a research note issued on Tuesday. They presently have a $120.00 target price on the Internet television network’s stock, up from their previous target price of $94.00. Robert W. Baird’s price target suggests a potential upside of 1.02% from the company’s current price.
Other research analysts have also issued reports about the company. Royal Bank Of Canada reissued an “outperform” rating and issued a $140.00 price objective on shares of Netflix in a report on Tuesday, June 28th. Jefferies Group reissued an “underperform” rating and issued a $76.00 price objective (down from $80.00) on shares of Netflix in a report on Sunday, July 17th. Wedbush reissued an “underperform” rating and issued a $50.00 price objective (up from $45.00) on shares of Netflix in a report on Sunday, July 17th. SunTrust Banks Inc. reissued a “hold” rating on shares of Netflix in a report on Sunday, July 17th. Finally, BTIG Research reissued a “buy” rating and issued a $130.00 price objective (down from $150.00) on shares of Netflix in a report on Sunday, July 17th. Eight investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $115.93.
Shares of Netflix (NASDAQ:NFLX) traded up 19.03% during mid-day trading on Tuesday, reaching $118.79. The company had a trading volume of 42,168,221 shares. The stock has a 50 day moving average of $99.60 and a 200-day moving average of $96.38. The company has a market capitalization of $50.93 billion, a price-to-earnings ratio of 371.22 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 announced its earnings results on Monday, October 17th. The Internet television network reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 analyst estimates of $2.28 billion. During the same period in the prior year, the company posted $0.07 EPS. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. On average, analysts expect that Netflix will post $0.28 earnings per share for the current fiscal year.
In other Netflix news, CEO Reed Hastings sold 116,431 shares of the business’s stock in a transaction that occurred on Thursday, July 21st. The stock was 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 owns 116,431 shares in the company, valued at approximately $10,081,760.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard N. Barton sold 2,800 shares of the business’s stock in a transaction that occurred on Thursday, October 6th. The stock was sold at an average price of $104.27, for a total value of $291,956.00. Following the transaction, the director now owns 15,254 shares in the company, valued at approximately $1,590,534.58. The disclosure for this sale can be found here. Company insiders own 4.90% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Appropriate Balance Financial Services Inc. boosted its position in Netflix by 7.0% in the third quarter. Appropriate Balance Financial Services Inc. now owns 5,481 shares of the Internet television network’s stock valued at $540,000 after buying an additional 360 shares during the last quarter. Puplava Financial Services Inc. acquired a new position in Netflix during the third quarter valued at about $276,000. First New York Securities LLC NY acquired a new position in Netflix during the third quarter valued at about $212,000. National Pension Service boosted its position in Netflix by 8.7% in the third quarter. National Pension Service now owns 272,049 shares of the Internet television network’s stock valued at $26,810,000 after buying an additional 21,790 shares during the last quarter. Finally, Highland Capital Management LLC boosted its position in Netflix by 218.5% in the third quarter. Highland Capital Management LLC now owns 10,350 shares of the Internet television network’s stock valued at $1,020,000 after buying an additional 7,100 shares during the last quarter. Institutional investors own 78.41% of the company’s stock.
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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