Netflix Inc. (NFLX) Price Target Increased to $133.00 by Analysts at Loop Capital
Netflix Inc. (NASDAQ:NFLX) had its target price hoisted by equities researchers at Loop Capital from $125.00 to $133.00 in a research report issued to clients and investors on Tuesday. The firm presently has a “buy” rating on the Internet television network’s stock. Loop Capital’s target price indicates a potential upside of 33.27% from the company’s current price.
Several other research firms have also recently issued reports on NFLX. Jefferies Group reiterated an “underperform” rating and set a $76.00 target price (down previously from $80.00) on shares of Netflix in a research report on Sunday, July 17th. Wedbush reissued an “underperform” rating and set a $50.00 price target (up from $45.00) on shares of Netflix in a research note on Sunday, July 17th. SunTrust Banks Inc. restated a “hold” rating on shares of Netflix in a report on Sunday, July 17th. BTIG Research restated a “buy” rating and set a $130.00 price objective (down from $150.00) on shares of Netflix in a report on Sunday, July 17th. Finally, Royal Bank Of Canada raised their price objective on Netflix from $130.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday. Seven equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $113.50.
Shares of 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 12 month low of $79.95 and a 12 month 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 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. The business earned $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Netflix had a return on equity of 5.59% and a net margin of 1.85%. The business’s quarterly revenue 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. Equities research analysts expect that Netflix will post $0.28 earnings per share for the current year.
In other Netflix news, Director Richard N. Barton sold 2,800 shares of the company’s stock in a transaction dated Thursday, October 6th. The shares were sold at an average price of $104.27, for a total value of $291,956.00. Following the completion of the transaction, the director now owns 15,254 shares in the company, valued at approximately $1,590,534.58. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jay C. Hoag bought 600,000 shares of the firm’s stock in a transaction on Monday, July 25th. The stock was purchased at an average price of $86.43 per share, with a total value of $51,858,000.00. The disclosure for this purchase can be found here. 4.90% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of NFLX. Cornerstone Advisors Inc. raised 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 in the last quarter. Signature Estate & Investment Advisors LLC acquired a new stake in Netflix during the second quarter valued at approximately $124,000. Quadrant Capital Group LLC raised its stake in Netflix by 15.1% in the second quarter. Quadrant Capital Group LLC now owns 1,475 shares of the Internet television network’s stock valued at $126,000 after buying an additional 194 shares in the last quarter. Coconut Grove Bank raised its stake in Netflix by 1.7% in the second quarter. Coconut Grove Bank now owns 1,526 shares of the Internet television network’s stock valued at $140,000 after buying an additional 26 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its stake in 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 valued at $155,000 after buying an additional 224 shares in the last quarter. Hedge funds and other 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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