Netflix (NFLX) Given “Hold” Rating at B. Riley

Netflix (NASDAQ:NFLX)‘s stock had its “hold” rating reissued by equities researchers at B. Riley in a report issued on Friday. They currently have a $211.00 price objective on the Internet television network’s stock. B. Riley’s price objective would indicate a potential downside of 4.29% from the stock’s previous close. B. Riley also issued estimates for Netflix’s FY2017 earnings at $1.24 EPS and FY2018 earnings at $2.06 EPS.

A number of other equities analysts have also issued reports on NFLX. Buckingham Research initiated coverage on shares of Netflix in a research report on Thursday, September 21st. They set a “buy” rating and a $214.00 target price on the stock. Wells Fargo & Co initiated coverage on shares of Netflix in a research report on Tuesday, September 26th. They set an “outperform” rating and a $230.00 target price on the stock. Vetr upgraded shares of Netflix from a “sell” rating to a “hold” rating and set a $183.92 target price on the stock in a research report on Thursday, September 28th. Sanford C. Bernstein reiterated an “outperform” rating and set a $203.00 target price on shares of Netflix in a research report on Sunday, October 1st. Finally, UBS Group reiterated a “buy” rating and set a $225.00 target price (up from $190.00) on shares of Netflix in a research report on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirty-six have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $212.19.

Netflix (NASDAQ:NFLX) traded up $0.13 during trading hours on Friday, reaching $220.46. 10,544,250 shares of the company’s stock were exchanged, compared to its average volume of 6,560,000. The firm has a market capitalization of $95,400.00, a price-to-earnings ratio of 222.69, a PEG ratio of 3.54 and a beta of 1.34. Netflix has a 52-week low of $137.03 and a 52-week high of $226.07. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.20 and a current ratio of 1.20.

Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same quarter in the previous year, the company posted $0.12 earnings per share. Netflix’s revenue for the quarter was up 30.3% on a year-over-year basis. analysts expect that Netflix will post 1.25 earnings per share for the current fiscal year.

In other Netflix news, Director Richard N. Barton sold 350 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $185.71, for a total value of $64,998.50. Following the completion of the sale, the director now owns 7,171 shares of the company’s stock, valued at $1,331,726.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Reed Hastings sold 83,335 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $192.79, for a total transaction of $16,066,154.65. Following the completion of the sale, the chief executive officer now directly owns 83,335 shares of the company’s stock, valued at approximately $16,066,154.65. The disclosure for this sale can be found here. Insiders sold 341,551 shares of company stock valued at $66,457,350 in the last ninety days. Insiders own 4.90% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Janus Henderson Group PLC increased its position in shares of Netflix by 3,478.1% during 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 in the last quarter. Winslow Capital Management LLC increased its position in shares of Netflix by 495,050.8% during the second quarter. Winslow Capital Management LLC now owns 623,890 shares of the Internet television network’s stock worth $93,216,000 after acquiring an additional 623,764 shares in the last quarter. Truepoint Inc. increased its position in shares of Netflix by 18,035.0% during the third quarter. Truepoint Inc. now owns 402,416 shares of the Internet television network’s stock worth $402,000 after acquiring an additional 400,197 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Netflix by 50.2% during the second quarter. Parametric Portfolio Associates LLC now owns 1,049,254 shares of the Internet television network’s stock worth $156,769,000 after acquiring an additional 350,611 shares in the last quarter. Finally, AGF Investments Inc. bought a new stake in shares of Netflix during the third quarter worth $60,036,000. 83.27% of the stock is owned by hedge funds and other institutional investors.

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About Netflix

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.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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