Netflix Inc. (NASDAQ:NFLX) received a $45.00 price target from research analysts at Wedbush in a research report issued to clients and investors on Thursday. The brokerage presently has a a “sell” rating on the Internet television network’s stock. Wedbush’s target price would indicate a potential downside of 54.76% from the stock’s current price.
Other equities research analysts also recently issued reports about the company. Zacks Investment Research upgraded Netflix from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a research report on Tuesday, June 21st. Nomura restated a “buy” rating and issued a $115.00 target price (down from $125.00) on shares of Netflix in a research report on Monday, June 20th. Vetr downgraded Netflix from a “strong-buy” rating to a “buy” rating and set a $106.59 target price for the company. in a research report on Thursday, June 16th. Pacific Crest restated a “buy” rating and issued a $130.00 target price on shares of Netflix in a research report on Wednesday, June 22nd. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $140.00 target price on shares of Netflix in a research report on Thursday, June 23rd. Eight research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-eight have assigned a buy rating to the company. Netflix presently has a consensus rating of “Hold” and a consensus price target of $110.32.
Netflix (NASDAQ:NFLX) traded up 0.73% during midday trading on Thursday, hitting $100.23. The stock had a trading volume of 6,234,466 shares. The stock has a market cap of $42.97 billion, a PE ratio of 313.22 and a beta of 1.14. Netflix has a one year low of $79.95 and a one year high of $133.27. The firm has a 50 day moving average price of $98.66 and a 200 day moving average price of $96.37.
Netflix (NASDAQ:NFLX) last released its earnings results on Monday, July 18th. The Internet television network reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. The firm earned $2.11 billion during the quarter, compared to the consensus estimate of $2.11 billion. Netflix had a return on equity of 5.59% and a net margin of 1.85%. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.06 earnings per share. Equities analysts expect that Netflix will post $0.28 EPS for the current year.
In other news, Director Jay C. Hoag acquired 600,000 shares of Netflix stock in a transaction dated Monday, July 25th. The shares were bought at an average cost of $86.43 per share, with a total value of $51,858,000.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Richard N. Barton sold 2,800 shares of the company’s stock in a transaction on Thursday, October 6th. The shares were sold at an average price of $104.27, for a total transaction of $291,956.00. Following the completion of the sale, the director now directly owns 15,254 shares in the company, valued at $1,590,534.58. The disclosure for this sale can be found here. 4.90% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of the stock. Winslow Capital Management LLC purchased a new stake in Netflix during the second quarter worth approximately $209,447,000. Capital World Investors raised its stake in 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 in the last quarter. Jericho Capital Asset Management L.P. purchased a new stake in Netflix during the first quarter worth approximately $94,076,000. 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 in the last quarter. Finally, Criterion Capital Management LLC raised its stake in Netflix by 241.5% in the second quarter. Criterion Capital Management LLC now owns 991,469 shares of the Internet television network’s stock worth $90,700,000 after buying an additional 701,119 shares in the last quarter. 78.43% of the stock is currently 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.
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