Robert W. Baird reissued their neutral rating on shares of Netflix Inc. (NASDAQ:NFLX) in a research report released on Tuesday morning. They currently have a $94.00 price target on the Internet television network’s stock.
Several other equities research analysts also recently issued reports on the stock. Jefferies Group reiterated a hold rating and issued a $120.00 target price on shares of Netflix in a research note on Monday, July 11th. Cantor Fitzgerald reiterated a buy rating on shares of Netflix in a research note on Sunday, August 14th. FBR & Co reiterated a market perform rating and issued a $90.00 target price (down from $104.00) on shares of Netflix in a research note on Sunday, July 17th. Piper Jaffray Cos. reiterated an overweight rating and issued a $122.00 target price on shares of Netflix in a research note on Tuesday, July 12th. Finally, Vetr cut shares of Netflix from a strong-buy rating to a buy rating and set a $102.41 price target on the stock. in a report on Wednesday, July 27th. Seven analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-seven have given a buy rating to the company’s stock. Netflix currently has an average rating of Hold and a consensus price target of $110.97.
Netflix (NASDAQ:NFLX) traded up 0.84% during midday trading on Tuesday, reaching $105.95. The company’s stock had a trading volume of 3,735,804 shares. The firm has a market cap of $45.42 billion, a P/E ratio of 331.09 and a beta of 1.14. Netflix has a 52 week low of $79.95 and a 52 week high of $133.27. The firm has a 50 day moving average price of $97.95 and a 200-day moving average price of $96.30.
Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, July 18th. The Internet television network reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.07. Netflix had a net margin of 1.85% and a return on equity of 5.59%. The business earned $2.11 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same period last year, the business posted $0.06 EPS. Netflix’s revenue was up 19.5% on a year-over-year basis. On average, analysts forecast that Netflix will post $0.28 earnings per share for the current fiscal year.
In other news, Director Jay C. Hoag bought 600,000 shares of the firm’s stock in a transaction that occurred on Monday, July 25th. The shares were acquired at an average price of $86.43 per share, with a total value of $51,858,000.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard N. Barton sold 2,800 shares of the company’s stock in a transaction that occurred on Thursday, October 6th. The stock was sold at an average price of $104.27, for a total transaction of $291,956.00. Following the sale, the director now directly owns 15,254 shares in the company, valued at approximately $1,590,534.58. The disclosure for this sale can be found here. Corporate insiders own 4.90% of the company’s stock.
A number of hedge funds have recently bought and sold shares of NFLX. Capital Research Global Investors raised its stake in Netflix by 1.5% in the second quarter. Capital Research Global Investors now owns 49,967,802 shares of the Internet television network’s stock worth $4,571,055,000 after buying an additional 761,325 shares during the period. Vanguard Group Inc. raised its position in shares of Netflix by 2.0% in the second quarter. Vanguard Group Inc. now owns 25,054,115 shares of the Internet television network’s stock worth $2,291,951,000 after buying an additional 484,692 shares during the last quarter. Baillie Gifford & Co. raised its position in shares of Netflix by 4.5% in the second quarter. Baillie Gifford & Co. now owns 7,316,440 shares of the Internet television network’s stock worth $669,307,000 after buying an additional 314,275 shares during the last quarter. Capital World Investors raised its position in shares of Netflix by 32.4% in the second quarter. Capital World Investors now owns 6,656,926 shares of the Internet television network’s stock worth $608,976,000 after buying an additional 1,630,881 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Netflix by 2.4% in the first quarter. Geode Capital Management LLC now owns 3,450,527 shares of the Internet television network’s stock worth $352,036,000 after buying an additional 79,246 shares during the last quarter. 78.43% of the stock is currently owned by institutional investors and hedge funds.
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.
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