Netflix Inc. (NASDAQ:NFLX) had its price target upped by equities research analysts at FBR & Co from $90.00 to $100.00 in a research note issued on Tuesday. The brokerage currently has a “market perform” rating on the Internet television network’s stock. FBR & Co’s price objective points to a potential upside of 0.20% from the company’s current price.
NFLX has been the subject of a number of other reports. Needham & Company LLC cut shares of Netflix from a “buy” rating to a “hold” rating and lifted their target price for the stock from $95.15 to $96.67 in a research note on Tuesday, July 5th. Pivotal Research reissued a “buy” rating and set a $155.00 price target (up from $125.00) on shares of Netflix in a research report on Tuesday. Bank of America Corp. reissued a “buy” rating and set a $146.00 price target on shares of Netflix in a research report on Friday, August 26th. Jefferies Group reissued a “sell” rating and set a $80.00 price target (up from $76.00) on shares of Netflix in a research report on Tuesday. Finally, Wedbush raised their price target on shares of Netflix from $45.00 to $50.00 and gave the stock an “underperform” rating in a research report on Tuesday, July 19th. Eight research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $115.93.
Shares of Netflix (NASDAQ:NFLX) traded up 19.03% during trading on Tuesday, hitting $118.79. 41,864,028 shares of the company were exchanged. The firm’s 50-day moving average price is $98.99 and its 200 day moving average price is $96.28. The firm has a market capitalization of $50.93 billion, a PE ratio of 371.22 and a beta of 1.14. 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. The company earned $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Netflix had a net margin of 1.85% and a return on equity of 5.59%. Netflix’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same period last year, the business earned $0.07 EPS. On average, equities research analysts expect that Netflix will post $0.28 earnings per share for the current fiscal year.
In related news, Director Richard N. Barton sold 700 shares of the stock in a transaction 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 completion of the sale, the director now directly owns 15,562 shares of the company’s stock, valued at $1,460,804.94. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jay C. Hoag purchased 600,000 shares of the firm’s stock in a transaction that occurred on 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 disclosure for this purchase can be found here. Corporate insiders own 4.90% of the company’s stock.
Large investors have recently modified their holdings of the company. Puplava Financial Services Inc. bought a new stake in shares of Netflix during the third quarter valued at $276,000. First New York Securities LLC NY acquired a new position in Netflix during the third quarter valued at about $212,000. National Pension Service boosted its position in Netflix by 8.7% in the third quarter. National Pension Service now owns 272,049 shares of the Internet television network’s stock valued at $26,810,000 after buying an additional 21,790 shares during the last quarter. Highland Capital Management LLC boosted its position in Netflix by 218.5% in the third quarter. Highland Capital Management LLC now owns 10,350 shares of the Internet television network’s stock valued at $1,020,000 after buying an additional 7,100 shares during the last quarter. Finally, Hollencrest Securities LLC acquired a new position in Netflix during the third quarter valued at about $618,000. 78.41% of the stock is 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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