Netflix, Inc. (NFLX) Stock Rating Reaffirmed by Rosenblatt Securities
Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “buy” rating reissued by Rosenblatt Securities in a research report issued to clients and investors on Friday. They currently have a $225.00 price objective on the Internet television network’s stock, up from their prior price objective of $200.00. Rosenblatt Securities’ price target would suggest a potential upside of 13.62% from the stock’s previous close.
NFLX has been the topic of several other research reports. Raymond James Financial, Inc. reaffirmed an “outperform” rating and issued a $205.00 price target (up previously from $165.00) on shares of Netflix in a report on Tuesday, July 18th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $190.00 price target on shares of Netflix in a report on Thursday, July 13th. Vetr raised Netflix from a “strong sell” rating to a “sell” rating and set a $177.49 price target on the stock in a report on Tuesday, September 19th. MKM Partners upped their price target on Netflix from $195.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $200.00 price target (up previously from $175.00) on shares of Netflix in a report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirty-one have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $185.18.
Netflix (NFLX) traded up 1.87% during mid-day trading on Friday, reaching $198.02. The company’s stock had a trading volume of 15,336,470 shares. Netflix has a 12 month low of $97.63 and a 12 month high of $198.92. The stock’s 50-day moving average is $177.87 and its 200-day moving average is $163.29. The firm has a market capitalization of $85.49 billion, a PE ratio of 240.90 and a beta of 1.09. Netflix also was the target of unusually large options trading on Thursday. Stock investors purchased 122,784 call options on the stock. This represents an increase of 283% compared to the typical volume of 32,078 call options.
Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.01). Netflix had a return on equity of 12.82% and a net margin of 3.55%. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the previous year, the firm earned $0.09 EPS. Netflix’s revenue for the quarter was up 32.3% on a year-over-year basis. On average, equities analysts anticipate that Netflix will post $1.17 EPS for the current year.
In other news, insider Jonathan Friedland sold 2,496 shares of the stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $182.17, for a total value of $454,696.32. Following the completion of the sale, the insider now owns 1,232 shares in the company, valued at $224,433.44. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard N. Barton sold 2,000 shares of the stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $169.18, for a total transaction of $338,360.00. Following the completion of the sale, the director now owns 8,012 shares of the company’s stock, valued at approximately $1,355,470.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 310,325 shares of company stock valued at $55,807,018. 4.90% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. Calamos Advisors LLC raised its holdings in shares of Netflix by 198.5% in the second quarter. Calamos Advisors LLC now owns 208,945 shares of the Internet television network’s stock valued at $31,218,000 after purchasing an additional 138,945 shares during the last quarter. Alps Advisors Inc. bought a new position in Netflix during the second quarter valued at about $262,000. Guardian Life Insurance Co. of America grew its position in Netflix by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock valued at $245,000 after buying an additional 11 shares during the period. Teachers Advisors LLC grew its position in Netflix by 2.0% during the first quarter. Teachers Advisors LLC now owns 1,300,531 shares of the Internet television network’s stock valued at $192,231,000 after buying an additional 25,266 shares during the period. Finally, Banco Santander S.A. bought a new position in Netflix during the first quarter valued at about $43,264,000. Institutional investors own 81.03% of the company’s stock.
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.
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.