Netflix, Inc. (NFLX) Receives “Outperform” Rating from William Blair
Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “outperform” rating reaffirmed by analysts at William Blair in a report issued on Thursday.
Other analysts also recently issued reports about the company. Loop Capital upped their price objective on Netflix from $162.00 to $172.00 and gave the company an “outperform” rating in a research report on Wednesday, April 19th. Piper Jaffray Companies upped their price objective on Netflix from $166.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday. Canaccord Genuity reiterated a “buy” rating and set a $165.00 target price on shares of Netflix in a research report on Thursday. Needham & Company LLC reiterated a “hold” rating on shares of Netflix in a research report on Tuesday, April 18th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $138.00 target price on shares of Netflix in a research report on Monday, April 3rd. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $146.97.
Shares of Netflix (NASDAQ:NFLX) traded up 3.36% during mid-day trading on Thursday, hitting $163.05. The company’s stock had a trading volume of 8,559,323 shares. The company has a market cap of $70.27 billion, a PE ratio of 210.93 and a beta of 1.27. The stock has a 50-day moving average of $151.20 and a 200-day moving average of $137.78. Netflix has a 12-month low of $84.50 and a 12-month high of $164.10. Netflix also was the target of some unusual options trading on Thursday. Stock investors purchased 15,669 call options on the stock. This represents an increase of 258% compared to the average volume of 4,374 call options.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, April 17th. The Internet television network reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.03. Netflix had a return on equity of 7.51% and a net margin of 2.11%. The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the prior year, the business earned $0.06 earnings per share. The business’s revenue was up 34.7% on a year-over-year basis. On average, equities research analysts forecast that Netflix will post $1.04 EPS for the current year.
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In other news, CEO Reed Hastings sold 101,815 shares of Netflix stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $157.13, for a total value of $15,998,190.95. Following the transaction, the chief executive officer now directly owns 101,815 shares in the company, valued at $15,998,190.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Neil D. Hunt sold 10,000 shares of Netflix stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $142.84, for a total value of $1,428,400.00. Following the completion of the transaction, the insider now owns 467,548 shares in the company, valued at $66,784,556.32. The disclosure for this sale can be found here. Insiders sold 385,587 shares of company stock worth $57,493,358 over the last quarter. 4.90% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. Clean Yield Group purchased a new position in shares of Netflix during the first quarter valued at about $103,000. SRS Capital Advisors Inc. raised its position in shares of Netflix by 3,361.9% in the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock valued at $107,000 after buying an additional 706 shares in the last quarter. Harfst & Associates Inc. purchased a new position in shares of Netflix during the first quarter valued at about $109,000. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Netflix during the fourth quarter valued at about $114,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of Netflix by 24.2% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 770 shares of the Internet television network’s stock valued at $114,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 80.42% of the company’s stock.
Netflix Company Profile
Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.
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