A number of other brokerages have also issued reports on NFLX. JPMorgan Chase & Co. reissued an overweight rating and issued a $116.00 price objective (down from $125.00) on shares of Netflix in a report on Tuesday, July 19th. MKM Partners lowered their price objective on Netflix from $145.00 to $130.00 and set a buy rating for the company in a report on Wednesday, July 20th. Vetr raised Netflix from a hold rating to a buy rating and set a $103.71 price objective for the company in a report on Thursday, September 8th. BMO Capital Markets reissued a market perform rating and issued a $85.00 price objective on shares of Netflix in a report on Thursday, July 28th. Finally, Jefferies Group reissued an underperform rating and issued a $76.00 price objective on shares of Netflix in a report on Friday, September 23rd. Eight investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-eight have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $115.73.
Shares of Netflix (NASDAQ:NFLX) traded up 1.36% during trading on Tuesday, hitting $120.41. The stock had a trading volume of 3,896,834 shares. Netflix has a one year low of $79.95 and a one year high of $133.27. The firm’s 50-day moving average is $99.60 and its 200-day moving average is $96.38. The firm has a market cap of $51.62 billion, a P/E ratio of 376.28 and a beta of 1.14.
Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, October 17th. The Internet television network reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.06. Netflix had a return on equity of 6.45% and a net margin of 1.99%. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period in the previous year, the company earned $0.07 earnings per share. The company’s revenue for the quarter was up 31.7% compared to the same quarter last year. Equities research analysts forecast that Netflix will post $0.28 EPS for the current year.
In other Netflix news, CEO Reed Hastings sold 116,431 shares of the business’s stock in a transaction dated Thursday, July 21st. The shares were sold at an average price of $86.59, for a total value of $10,081,760.29. Following the completion of the sale, the chief executive officer now owns 116,431 shares of the company’s stock, valued at approximately $10,081,760.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jay C. Hoag acquired 600,000 shares of the business’s stock in a transaction on Monday, July 25th. The stock was acquired 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.
A number of hedge funds have recently bought and sold shares of the stock. Cornerstone Advisors Inc. increased its stake in Netflix by 25.6% in the second quarter. Cornerstone Advisors Inc. now owns 1,118 shares of the Internet television network’s stock worth $102,000 after buying an additional 228 shares in the last quarter. Signature Estate & Investment Advisors LLC acquired a new stake in Netflix during the second quarter worth about $124,000. Quadrant Capital Group LLC increased its stake in Netflix by 15.1% in the second quarter. Quadrant Capital Group LLC now owns 1,475 shares of the Internet television network’s stock worth $126,000 after buying an additional 194 shares in the last quarter. Coconut Grove Bank increased its stake in Netflix by 1.7% in the second quarter. Coconut Grove Bank now owns 1,526 shares of the Internet television network’s stock worth $140,000 after buying an additional 26 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake in Netflix by 15.3% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,690 shares of the Internet television network’s stock worth $155,000 after buying an additional 224 shares in the last quarter. 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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