Netflix Inc. (NFLX) PT Lowered to $90.00
Netflix Inc. (NASDAQ:NFLX) had its target price dropped by investment analysts at FBR & Co from $100.00 to $90.00 in a research 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 company’s previous close.
A number of other analysts have also recently commented on the stock. Axiom Securities boosted their target price on shares of Netflix from $80.00 to $84.00 and gave the company a “sell” rating in a report on Tuesday. SunTrust Banks Inc. boosted their target price 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 dropped their target price on shares of Netflix from $132.00 to $130.00 and set a “neutral” rating on the stock in a report on Tuesday. Deutsche Bank AG restated a “sell” rating and set a $90.00 target price on shares of Netflix in a report on Tuesday. Finally, 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 report on Tuesday. Seven investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have issued a buy rating to the company. Netflix has a consensus rating of “Hold” and an average target price of $115.93.
Shares of Netflix (NASDAQ:NFLX) traded up 19.6203% during mid-day trading on Tuesday, hitting $119.3811. 34,954,345 shares of the stock traded hands. The company has a market capitalization of $51.18 billion, a PE ratio of 373.0659 and a beta of 1.14. Netflix has a 1-year low of $79.95 and a 1-year high of $133.27. The company’s 50-day moving average price is $98.99 and its 200 day moving average price is $96.28.
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 https://www.americanbankingnews.com/2016/10/18/netflix-inc-nflx-pt-raised-to-100-00-at-fbr-co-3.html
Netflix (NASDAQ:NFLX) last announced its 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 had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the previous year, the business posted $0.07 EPS. The company’s quarterly revenue was up 31.7% on a year-over-year basis. Equities research analysts forecast that Netflix will post $0.28 EPS for the current fiscal year.
In related news, Director Jay C. Hoag acquired 600,000 shares of the company’s stock in a transaction that occurred on 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Reed Hastings sold 116,431 shares of the firm’s stock in a transaction dated 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 directly owns 116,431 shares in the company, 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.
A number of large investors have recently modified their holdings of NFLX. 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 last quarter. Signature Estate & Investment Advisors LLC bought a new stake in shares of Netflix during the second quarter worth $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 last quarter. 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 last quarter. 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 last quarter. 78.41% of the stock is currently owned by institutional investors.
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.
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.