Netflix, Inc. (NFLX) Given Consensus Rating of “Buy” by Analysts
Shares of Netflix, Inc. (NASDAQ:NFLX) have received a consensus rating of “Buy” from the forty-seven analysts that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, sixteen have issued a hold recommendation and twenty-eight have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $178.29.
Several research firms have recently weighed in on NFLX. MKM Partners upped their price target on shares of Netflix from $195.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, July 27th. BTIG Research increased their target price on Netflix from $170.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, July 26th. Moffett Nathanson reissued a “neutral” rating on shares of Netflix in a research note on Tuesday, July 18th. Zacks Investment Research cut Netflix from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Vetr raised Netflix from a “strong sell” rating to a “sell” rating and set a $163.64 target price on the stock in a research note on Thursday, July 27th.
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Shares of Netflix (NASDAQ NFLX) traded up 0.27% during trading on Friday, hitting $166.54. The stock had a trading volume of 7,385,736 shares. Netflix has a 1-year low of $93.26 and a 1-year high of $191.50. The company has a market cap of $71.90 billion, a PE ratio of 202.60 and a beta of 1.02. The firm’s 50 day moving average is $170.82 and its 200 day moving average is $154.74.
Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.01. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The company’s revenue for the quarter was up 32.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 EPS. Equities research analysts anticipate that Netflix will post $1.19 EPS for the current fiscal year.
In other news, Director Richard N. Barton sold 1,000 shares of Netflix stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $156.62, for a total transaction of $156,620.00. Following the transaction, the director now owns 8,012 shares in the company, valued at approximately $1,254,839.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Reed Hastings sold 101,815 shares of Netflix stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $157.13, for a total transaction of $15,998,190.95. Following the transaction, the chief executive officer now owns 101,815 shares in the company, valued at approximately $15,998,190.95. The disclosure for this sale can be found here. Insiders have sold a total of 389,801 shares of company stock worth $64,889,201 in the last quarter. Corporate insiders own 4.90% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Toronto Dominion Bank boosted its position in shares of Netflix by 25.7% in the second quarter. Toronto Dominion Bank now owns 146,001 shares of the Internet television network’s stock valued at $21,810,000 after buying an additional 29,867 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Netflix during the second quarter valued at $445,000. WINTON GROUP Ltd acquired a new position in shares of Netflix during the second quarter valued at $787,000. Public Employees Retirement System of Ohio boosted its position in shares of Netflix by 1.0% in the second quarter. Public Employees Retirement System of Ohio now owns 285,024 shares of the Internet television network’s stock valued at $42,585,000 after buying an additional 2,946 shares in the last quarter. Finally, Colony Group LLC boosted its position in shares of Netflix by 6.9% in the second quarter. Colony Group LLC now owns 12,855 shares of the Internet television network’s stock valued at $1,921,000 after buying an additional 830 shares in the last quarter. Institutional investors and hedge funds own 82.94% 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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