Netflix Inc. (NASDAQ:NFLX) had its price objective upped by Axiom Securities from $80.00 to $84.00 in a research note released on Tuesday. The brokerage currently has a sell rating on the Internet television network’s stock.
A number of other research firms have also commented on NFLX. FBR & Co reaffirmed a market perform rating and set a $90.00 target price on shares of Netflix in a report on Wednesday, October 5th. Deutsche Bank AG initiated coverage on shares of Netflix in a research report on Monday, October 10th. They set a sell rating and a $90.00 price target on the stock. They noted that the move was a valuation call. Raymond James Financial Inc. set a $120.00 price target on shares of Netflix and gave the stock a buy rating in a research report on Monday, October 10th. Vetr cut shares of Netflix from a buy rating to a hold rating and set a $105.94 price target on the stock. in a research report on Monday, October 3rd. Finally, Robert W. Baird reissued a neutral rating and set a $94.00 price target on shares of Netflix in a research report on Tuesday, October 4th. Eight equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-eight have given a buy rating to the stock. Netflix has a consensus rating of Hold and a consensus target price of $115.73.
Netflix (NASDAQ:NFLX) traded up 1.30% during trading on Tuesday, hitting $120.33. 3,917,680 shares of the stock were exchanged. The firm has a market capitalization of $51.59 billion, a PE ratio of 376.03 and a beta of 1.14. The stock has a 50 day moving average price of $99.60 and a 200-day moving average price of $96.38. Netflix has a 12-month low of $79.95 and a 12-month high of $133.27.
Netflix (NASDAQ:NFLX) last released its earnings results on Monday, October 17th. The Internet television network reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. Netflix had a net margin of 1.99% and a return on equity of 6.45%. The firm earned $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the previous year, the business earned $0.07 EPS. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. On average, equities research analysts anticipate that Netflix will post $0.28 earnings per share for the current fiscal year.
In other Netflix news, Director Jay C. Hoag acquired 600,000 shares of the company’s stock in a transaction on Monday, July 25th. The shares were purchased at an average cost 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 Jay C. Hoag acquired 300,000 shares of the company’s stock in a transaction on Tuesday, August 9th. The stock was acquired at an average cost of $94.31 per share, for a total transaction of $28,293,000.00. The disclosure for this purchase can be found here. 4.90% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NFLX. Adage Capital Partners GP L.L.C. raised its position in Netflix by 69.9% in the first quarter. Adage Capital Partners GP L.L.C. now owns 645,960 shares of the Internet television network’s stock worth $66,036,000 after buying an additional 265,678 shares during the period. Scopia Capital Management LP raised its position in Netflix by 55.2% in the first quarter. Scopia Capital Management LP now owns 1,846,398 shares of the Internet television network’s stock worth $188,757,000 after buying an additional 656,585 shares during the period. Natixis acquired a new position in Netflix during the first quarter worth $47,023,000. Private Capital Management Inc. acquired a new position in Netflix during the second quarter worth $631,000. Finally, Advisory Services Network LLC raised its position in Netflix by 15.0% in the second quarter. Advisory Services Network LLC now owns 5,415 shares of the Internet television network’s stock worth $495,000 after buying an additional 706 shares during the period. 78.41% of the stock is currently owned by hedge funds and other 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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