Netflix, Inc. (NFLX) Stock Rating Reaffirmed by Loop Capital
Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “buy” rating reaffirmed by equities research analysts at Loop Capital in a report released on Thursday. They presently have a $212.00 price target on the Internet television network’s stock, up from their previous price target of $205.00. Loop Capital’s price objective suggests a potential upside of 18.44% from the stock’s current price.
NFLX has been the subject of several other reports. Raymond James Financial, Inc. restated an “outperform” rating and issued a $205.00 target price (up from $165.00) on shares of Netflix in a report on Tuesday, July 18th. Vetr upgraded Netflix from a “sell” rating to a “hold” rating and set a $158.60 price target for the company in a report on Monday, May 15th. Cantor Fitzgerald increased their price target on Netflix from $165.00 to $190.00 and gave the stock an “overweight” rating in a report on Tuesday, June 6th. MKM Partners increased their price target on Netflix from $195.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $200.00 price target (up from $175.00) on shares of Netflix in a report on Tuesday, July 18th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $178.23.
Netflix (NASDAQ:NFLX) traded down 0.14% on Thursday, hitting $179.00. 6,036,146 shares of the company were exchanged. The stock’s 50-day moving average price is $176.05 and its 200-day moving average price is $157.44. The stock has a market capitalization of $77.28 billion, a P/E ratio of 217.76 and a beta of 1.05. Netflix has a 52-week low of $93.26 and a 52-week high of $191.50.
Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The firm’s quarterly revenue was up 32.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.09 earnings per share. On average, equities research analysts anticipate that Netflix will post $1.19 earnings per share for the current fiscal year.
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In other news, Director Richard N. Barton sold 2,000 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $174.44, for a total value of $348,880.00. Following the completion of the transaction, the director now directly owns 8,012 shares of the company’s stock, valued at $1,397,613.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Reed Hastings sold 115,577 shares of the business’s stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $152.63, for a total value of $17,640,517.51. Following the completion of the transaction, the chief executive officer now directly owns 115,577 shares of the company’s stock, valued at $17,640,517.51. The disclosure for this sale can be found here. Over the last three months, insiders sold 349,435 shares of company stock valued at $59,221,491. Insiders own 4.90% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NFLX. FMR LLC raised its holdings in shares of Netflix by 12.4% in the second quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock worth $3,531,042,000 after acquiring an additional 2,605,731 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Netflix by 3,478.1% in the second quarter. Janus Henderson Group PLC now owns 2,041,458 shares of the Internet television network’s stock worth $305,014,000 after acquiring an additional 1,984,404 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Netflix by 14.0% in the second quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network’s stock worth $2,208,891,000 after acquiring an additional 1,814,056 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Netflix by 3.5% in the first quarter. Vanguard Group Inc. now owns 27,161,082 shares of the Internet television network’s stock worth $4,014,680,000 after acquiring an additional 921,283 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of Netflix by 22,622.2% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 814,592 shares of the Internet television network’s stock worth $121,708,000 after acquiring an additional 811,007 shares during the last quarter. 81.05% of the stock is owned by institutional investors.
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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