Netflix Inc. (NFLX) Price Target Raised to $130.00 at Nomura
Netflix Inc. (NASDAQ:NFLX) had its target price upped by equities researchers at Nomura to $130.00 in a note issued to investors on Tuesday. Nomura’s price objective indicates a potential upside of 30.26% from the company’s current price.
A number of other equities research analysts also recently weighed in on NFLX. Jefferies Group reissued a “hold” rating and issued a $120.00 price target on shares of Netflix in a report on Monday, July 11th. Cowen and Company reissued an “outperform” rating and issued a $110.00 price target on shares of Netflix in a report on Wednesday, October 12th. Cantor Fitzgerald reissued a “buy” rating on shares of Netflix in a report on Sunday, August 14th. FBR & Co reissued a “market perform” rating and issued a $90.00 price target (down from $104.00) on shares of Netflix in a report on Sunday, July 17th. Finally, Piper Jaffray Cos. reissued an “overweight” rating and issued a $122.00 price target on shares of Netflix in a report on Tuesday, July 12th. Eight research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $111.13.
Shares of Netflix (NASDAQ:NFLX) opened at 99.80 on Tuesday. The company has a 50-day moving average of $98.99 and a 200-day moving average of $96.28. Netflix has a 12-month low of $79.95 and a 12-month high of $133.27. The stock has a market capitalization 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 posted its quarterly earnings data on Monday, October 17th. The Internet television network reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.06. The business earned $2.29 billion during 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%. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.07 earnings per share. Equities analysts expect that Netflix will post $0.28 earnings per share for the current fiscal year.
In other news, Director Richard N. Barton sold 2,800 shares of the company’s stock in a transaction on Thursday, October 6th. The stock was sold at an average price of $104.27, for a total transaction of $291,956.00. Following the completion of the sale, the director now directly owns 15,254 shares in the company, valued at approximately $1,590,534.58. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jay C. Hoag bought 600,000 shares of the business’s stock in a transaction dated Monday, July 25th. The shares were bought 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. Insiders own 4.90% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Capital Research Global Investors increased its stake in shares of 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 valued at $4,571,055,000 after buying an additional 761,325 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Netflix by 2.0% in the second quarter. Vanguard Group Inc. now owns 25,054,115 shares of the Internet television network’s stock valued at $2,291,951,000 after buying an additional 484,692 shares in the last quarter. Morgan Stanley increased its stake in shares of Netflix by 20.2% in the fourth quarter. Morgan Stanley now owns 10,926,258 shares of the Internet television network’s stock valued at $1,249,746,000 after buying an additional 1,833,207 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Netflix by 0.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 10,888,066 shares of the Internet television network’s stock valued at $1,113,087,000 after buying an additional 87,431 shares in the last quarter. Finally, Sands Capital Management LLC acquired a new stake in shares of Netflix during the fourth quarter valued at $852,347,000. Hedge funds and other 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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