Netflix Inc. (NFLX) PT Raised to $130.00 at Morgan Stanley
Netflix Inc. (NASDAQ:NFLX) had its price target increased by stock analysts at Morgan Stanley from $110.00 to $130.00 in a report issued on Tuesday. The brokerage presently has an “overweight” rating on the Internet television network’s stock. Morgan Stanley’s price target suggests a potential upside of 30.26% from the stock’s current price.
Other equities research analysts have also recently issued reports about the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $140.00 target price on shares of Netflix in a research report on Tuesday, June 28th. Jefferies Group reissued an “underperform” rating and issued a $76.00 target price (down from $80.00) on shares of Netflix in a research report on Sunday, July 17th. Wedbush reissued an “underperform” rating and issued a $50.00 target price (up from $45.00) on shares of Netflix in a research report on Sunday, July 17th. SunTrust Banks Inc. reaffirmed a “hold” rating on shares of Netflix in a research report on Sunday, July 17th. Finally, BTIG Research reaffirmed a “buy” rating and set a $130.00 price target (down from $150.00) on shares of Netflix in a research report on Sunday, July 17th. Seven investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Netflix currently has a consensus rating of “Hold” and an average price target of $115.35.
Shares of Netflix (NASDAQ:NFLX) opened at 99.80 on Tuesday. The company’s 50-day moving average is $98.99 and its 200 day moving average is $96.28. The stock has a market capitalization of $42.79 billion, a P/E ratio of 311.88 and a beta of 1.14. 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 https://www.americanbankingnews.com/2016/10/18/netflix-inc-nflx-pt-raised-to-130-00-at-morgan-stanley.html
Netflix (NASDAQ:NFLX) last released its earnings results on Monday, October 17th. The Internet television network reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 analysts’ expectations of $2.28 billion. During the same period last year, the company earned $0.07 earnings per share. The company’s quarterly revenue was up 31.7% on a year-over-year basis. On average, equities analysts forecast that Netflix will post $0.28 EPS for the current fiscal year.
In other Netflix news, Director Richard N. Barton sold 2,800 shares of the company’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 transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Reed Hastings sold 116,431 shares of the company’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 value 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 disclosure for this sale can be found here. Corporate insiders own 4.90% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of NFLX. Cornerstone Advisors Inc. increased its position in 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 period. Signature Estate & Investment Advisors LLC bought a new stake in shares of Netflix during the second quarter worth approximately $124,000. Quadrant Capital Group LLC boosted 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 in the last quarter. Coconut Grove Bank boosted 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 in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted 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 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.