Netflix, Inc. (NFLX) Price Target Increased to $225.00 by Analysts at BTIG Research
Netflix, Inc. (NASDAQ:NFLX) had its price target hoisted by analysts at BTIG Research from $170.00 to $225.00 in a note issued to investors on Wednesday, StockTargetPrices.com reports. The firm currently has a “buy” rating on the Internet television network’s stock. BTIG Research’s price objective points to a potential upside of 20.34% from the company’s current price.
Several other research firms have also weighed in on NFLX. Moffett Nathanson reaffirmed a “neutral” rating on shares of Netflix in a research report on Tuesday, July 18th. Zacks Investment Research lowered Netflix from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Cantor Fitzgerald boosted their price target on Netflix from $165.00 to $190.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 6th. Sanford C. Bernstein reaffirmed a “buy” rating and set a $178.00 price target on shares of Netflix in a research report on Wednesday, May 31st. Finally, William Blair reaffirmed an “outperform” rating on shares of Netflix in a research report on Thursday, May 25th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-nine have given a buy rating to the company’s stock. Netflix currently has an average rating of “Buy” and an average price target of $173.58.
Netflix (NASDAQ NFLX) opened at 186.97 on Wednesday. The firm’s 50-day moving average price is $159.42 and its 200 day moving average price is $149.39. The firm has a market cap of $80.72 billion, a P/E ratio of 227.46 and a beta of 0.98. Netflix has a one year low of $90.10 and a one year high of $188.66.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The firm’s revenue for the quarter was up 32.3% compared to the same quarter last year. During the same period last year, the firm earned $0.09 EPS. On average, equities research analysts forecast that Netflix will post $1.16 EPS for the current year.
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In related news, CEO Reed Hastings sold 109,214 shares of Netflix stock in a transaction on Monday, July 24th. The stock was sold at an average price of $188.61, for a total transaction of $20,598,852.54. Following the sale, the chief executive officer now directly owns 109,214 shares in the company, valued at $20,598,852.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gregory K. Peters sold 6,853 shares of Netflix stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $164.29, for a total value of $1,125,879.37. Following the sale, the insider now owns 19,943 shares in the company, valued at $3,276,435.47. The disclosure for this sale can be found here. Insiders have sold 430,801 shares of company stock worth $71,138,931 over the last quarter. 4.90% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. raised its stake in shares of Netflix by 0.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,134 shares of the Internet television network’s stock worth $168,000 after buying an additional 9 shares during the period. Guardian Life Insurance Co. of America raised its stake in shares of Netflix by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock worth $245,000 after buying an additional 11 shares during the period. Fulton Bank N.A. raised its stake in shares of Netflix by 0.3% in the third quarter. Fulton Bank N.A. now owns 4,450 shares of the Internet television network’s stock worth $439,000 after buying an additional 12 shares during the period. M Holdings Securities Inc. raised its stake in shares of Netflix by 0.5% in the first quarter. M Holdings Securities Inc. now owns 2,467 shares of the Internet television network’s stock worth $365,000 after buying an additional 12 shares during the period. Finally, Heritage Investors Management Corp raised its stake in shares of Netflix by 0.6% in the second quarter. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network’s stock worth $298,000 after buying an additional 12 shares during the period. Institutional investors and hedge funds own 82.82% 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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