Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “hold” rating reiterated by BMO Capital Markets in a research report issued to clients and investors on Monday, April 17th. They currently have a $150.00 price target on the Internet television network’s stock. BMO Capital Markets’ price objective would indicate a potential downside of 3.66% from the company’s current price.
A number of other equities analysts also recently commented on NFLX. Stifel Nicolaus lifted their target price on shares of Netflix from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, December 21st. Jefferies Group LLC reaffirmed an “underperform” rating and set a $80.00 target price on shares of Netflix in a research note on Wednesday, December 21st. Wedbush reaffirmed an “underperform” rating and set a $60.00 target price on shares of Netflix in a research note on Wednesday, December 21st. Canaccord Genuity reaffirmed a “buy” rating and set a $140.00 target price on shares of Netflix in a research note on Wednesday, December 21st. Finally, Loop Capital reaffirmed a “buy” rating and set a $151.00 target price on shares of Netflix in a research note on Thursday, December 22nd. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $146.24.
Netflix (NASDAQ:NFLX) opened at 157.02 on Monday. The company’s 50-day moving average price is $150.62 and its 200-day moving average price is $137.05. The firm has a market capitalization of $67.67 billion, a P/E ratio of 203.13 and a beta of 1.27. Netflix has a 1-year low of $84.50 and a 1-year high of $161.78.
Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, April 17th. The Internet television network reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. Netflix had a net margin of 2.11% and a return on equity of 7.51%. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the previous year, the firm earned $0.06 earnings per share. Netflix’s quarterly revenue was up 34.7% compared to the same quarter last year. Equities research analysts expect that Netflix will post $1.04 earnings per share for the current fiscal year.
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In related news, insider Neil D. Hunt sold 10,000 shares of the stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $159.62, for a total value of $1,596,200.00. Following the sale, the insider now directly owns 459,952 shares of the company’s stock, valued at approximately $73,417,538.24. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Richard N. Barton sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, April 18th. The stock was sold at an average price of $147.39, for a total transaction of $147,390.00. Following the sale, the director now directly owns 8,012 shares in the company, valued at $1,180,888.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 368,241 shares of company stock worth $53,520,038. 4.90% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. Clean Yield Group purchased a new stake in Netflix during the first quarter valued at about $103,000. SRS Capital Advisors Inc. boosted its stake in Netflix by 3,361.9% in the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock valued at $107,000 after buying an additional 706 shares in the last quarter. Harfst & Associates Inc. purchased a new stake in Netflix during the first quarter valued at about $109,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in Netflix during the fourth quarter valued at about $114,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in Netflix by 24.2% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 770 shares of the Internet television network’s stock valued at $114,000 after buying an additional 150 shares in the last quarter. 80.42% of the stock is currently owned by institutional investors.
Netflix Company Profile
Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.
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