Netflix Inc. (NFLX) PT Lowered to $90.00 at FBR & Co
Netflix Inc. (NASDAQ:NFLX) had its price target lowered by research analysts at FBR & Co from $100.00 to $90.00 in a note issued to investors on Tuesday. The firm currently has a “mkt perform” rating on the Internet television network’s stock. FBR & Co’s price target indicates a potential downside of 9.82% from the stock’s current price.
Several other equities research analysts have also issued reports on the stock. SunTrust Banks Inc. boosted their price target on shares of Netflix from $110.00 to $115.00 and gave the company a “hold” rating in a report on Tuesday. Credit Suisse Group AG reduced their target price on shares of Netflix from $132.00 to $130.00 and set a “neutral” rating on the stock in a research note on Tuesday. Deutsche Bank AG boosted their target price on shares of Netflix from $90.00 to $92.00 and gave the company a “sell” rating in a research note on Tuesday. Robert W. Baird boosted their target price on shares of Netflix from $94.00 to $120.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Morgan Stanley boosted their target price on shares of Netflix from $110.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday. Seven research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $115.89.
Shares of Netflix (NASDAQ:NFLX) traded up 19.40% during mid-day trading on Tuesday, reaching $119.16. 24,364,286 shares of the company traded hands. The stock has a market capitalization of $51.09 billion, a PE ratio of 372.38 and a beta of 1.14. The stock’s 50 day moving average is $98.99 and its 200 day moving average is $96.28. Netflix has a 52-week low of $79.95 and a 52-week high of $133.27.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/18/netflix-inc-nflx-pt-raised-to-100-00-2.html
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, topping 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 business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the previous year, the firm posted $0.07 earnings per share. Netflix’s revenue was up 31.7% compared to the same quarter last year. On average, analysts anticipate that Netflix will post $0.28 earnings per share for the current year.
In other news, Director Jay C. Hoag acquired 600,000 shares of the firm’s stock in a transaction dated Monday, July 25th. The stock was purchased at an average price 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 can be accessed through this link. Also, CEO Reed Hastings sold 116,431 shares of the business’s stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $86.59, for a total value of $10,081,760.29. Following the sale, the chief executive officer now owns 116,431 shares of the company’s stock, valued at approximately $10,081,760.29. The disclosure for this sale can be found here. Insiders own 4.90% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Capital Research Global Investors increased its stake in 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 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. Baillie Gifford & Co. increased its stake in Netflix by 4.5% in the second quarter. Baillie Gifford & Co. now owns 7,316,440 shares of the Internet television network’s stock valued at $669,307,000 after buying an additional 314,275 shares in the last quarter. Capital World Investors increased its stake in Netflix by 32.4% in the second quarter. Capital World Investors now owns 6,656,926 shares of the Internet television network’s stock valued at $608,976,000 after buying an additional 1,630,881 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Netflix by 2.4% in the first quarter. Geode Capital Management LLC now owns 3,450,527 shares of the Internet television network’s stock valued at $352,036,000 after buying an additional 79,246 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.
Receive News & Ratings for Netflix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix Inc. and related companies with MarketBeat.com's FREE daily email newsletter.