Netflix, Inc. (NFLX) Given “Neutral” Rating at Needham & Company LLC
Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “neutral” rating reissued by research analysts at Needham & Company LLC in a report issued on Thursday.
Several other equities research analysts have also issued reports on NFLX. SunTrust Banks, Inc. set a $175.00 price objective on shares of Netflix and gave the company a “hold” rating in a research note on Monday. Macquarie set a $200.00 price objective on shares of Netflix and gave the company a “neutral” rating in a research note on Tuesday. Atlantic Securities set a $235.00 price objective on shares of Netflix and gave the company a “buy” rating in a research note on Tuesday. CIBC reaffirmed an “outperform” rating and issued a $245.00 price objective (up previously from $215.00) on shares of Netflix in a research note on Tuesday. Finally, Cantor Fitzgerald set a $235.00 price objective on shares of Netflix and gave the company a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirty-four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $205.69.
Shares of Netflix (NFLX) traded down 0.21% during mid-day trading on Thursday, reaching $195.13. The company had a trading volume of 7,032,259 shares. Netflix has a 52-week low of $98.38 and a 52-week high of $200.82. The stock has a market capitalization of $84.37 billion, a P/E ratio of 194.94 and a beta of 1.09. The company’s 50-day moving average is $185.59 and its 200 day moving average is $166.85.
Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.03). Netflix had a net margin of 4.04% and a return on equity of 14.56%. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.97 billion. During the same period in the previous year, the firm posted $0.12 EPS. The firm’s revenue for the quarter was up 30.3% on a year-over-year basis. Analysts anticipate that Netflix will post $1.25 EPS for the current fiscal year.
In related news, Director Leslie J. Kilgore sold 868 shares of the firm’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $202.00, for a total transaction of $175,336.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Richard N. Barton sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $187.75, for a total transaction of $375,500.00. Following the transaction, the director now directly owns 7,198 shares in the company, valued at $1,351,424.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 305,288 shares of company stock valued at $55,168,715. 4.90% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC bought a new position in Netflix during the second quarter worth about $1,045,000. Calamos Advisors LLC increased its position in Netflix by 198.5% during the second quarter. Calamos Advisors LLC now owns 208,945 shares of the Internet television network’s stock worth $31,218,000 after acquiring an additional 138,945 shares during the period. Alps Advisors Inc. bought a new position in Netflix during the second quarter worth about $262,000. Guardian Life Insurance Co. of America increased 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 worth $245,000 after acquiring an additional 11 shares during the period. Finally, Teachers Advisors LLC increased 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 worth $192,231,000 after acquiring an additional 25,266 shares during the period. 81.02% of the stock is currently owned by institutional investors and hedge funds.
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.