Netflix Inc. (NASDAQ:NFLX)‘s stock had its “buy” rating reissued by equities researchers at MKM Partners in a research report issued to clients and investors on Friday. They presently have a $130.00 price objective on the Internet television network’s stock. MKM Partners’ price objective indicates a potential upside of 30.26% from the company’s current price.
A number of other research analysts have also recently weighed in on the company. Jefferies Group reiterated a “hold” rating and issued a $120.00 target price on shares of Netflix in a report on Monday, July 11th. Cowen and Company reiterated an “outperform” rating and issued a $110.00 target price on shares of Netflix in a report on Wednesday, October 12th. Cantor Fitzgerald reiterated a “buy” rating on shares of Netflix in a report on Sunday, August 14th. FBR & Co reiterated a “market perform” rating and issued a $90.00 target price (down previously from $104.00) on shares of Netflix in a report on Sunday, July 17th. Finally, Piper Jaffray Cos. reiterated an “overweight” rating and issued a $122.00 target price on shares of Netflix in a report on Tuesday, July 12th. Eight equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-eight have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $109.91.
Netflix (NASDAQ:NFLX) opened at 99.80 on Friday. The stock has a 50 day moving average price of $98.99 and a 200-day moving average price of $96.28. Netflix has a 12-month low of $79.95 and a 12-month high of $133.27. The stock has a market cap of $42.79 billion, a P/E ratio of 311.88 and a beta of 1.14.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, October 17th. The Internet television network reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.06. The business earned $2.29 billion during the quarter, compared to the consensus estimate of $2.28 billion. Netflix had a return on equity of 5.59% and a net margin of 1.85%. The business’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.07 earnings per share. On average, equities analysts expect that Netflix will post $0.28 earnings per share for the current year.
In other news, Director Jay C. Hoag acquired 600,000 shares of the company’s stock in a transaction dated Monday, July 25th. The stock was bought at an average price of $86.43 per share, with a total value of $51,858,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard N. Barton sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $93.87, for a total transaction of $65,709.00. Following the sale, the director now directly owns 15,562 shares of the company’s stock, valued at approximately $1,460,804.94. The disclosure for this sale can be found here. Insiders own 4.90% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. NN Investment Partners Holdings N.V. purchased a new stake in Netflix during the first quarter valued at $2,142,000. Menta Capital LLC raised its stake in Netflix by 225.0% in the first quarter. Menta Capital LLC now owns 10,833 shares of the Internet television network’s stock valued at $1,107,000 after buying an additional 7,500 shares during the last quarter. M&T Bank Corp raised its stake in Netflix by 5.6% in the first quarter. M&T Bank Corp now owns 32,482 shares of the Internet television network’s stock valued at $3,320,000 after buying an additional 1,737 shares during the last quarter. Cannell Peter B & Co Inc raised its stake in Netflix by 15.5% in the first quarter. Cannell Peter B & Co Inc now owns 4,465 shares of the Internet television network’s stock valued at $456,000 after buying an additional 600 shares during the last quarter. Finally, AMF Pensionsforsakring AB raised its stake in Netflix by 280.3% in the first quarter. AMF Pensionsforsakring AB now owns 265,621 shares of the Internet television network’s stock valued at $27,154,000 after buying an additional 195,771 shares during the last quarter. 78.41% of the stock is owned by institutional investors.
Netflix, Inc (Netflix) is a provider of Internet television network. The Company’s members can watch original series, documentaries and feature films in Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content.
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.