Netflix, Inc. (NFLX) Receives Neutral Rating from Citigroup Inc

Citigroup Inc restated their neutral rating on shares of Netflix, Inc. (NASDAQ:NFLX) in a report published on Wednesday, April 19th. The brokerage currently has a $145.00 price objective on the Internet television network’s stock.

A number of other equities research analysts also recently issued reports on the stock. Piper Jaffray Companies reissued an overweight rating and issued a $166.00 price target (up from $21.00) on shares of Netflix in a research note on Wednesday, April 19th. Loop Capital boosted their price target on shares of Netflix from $162.00 to $172.00 and gave the company an outperform rating in a research note on Wednesday, April 19th. Jefferies Group LLC boosted their price target on shares of Netflix from $135.00 to $141.00 and gave the company a hold rating in a research note on Wednesday, April 19th. Raymond James Financial, Inc. set a $165.00 price objective on shares of Netflix and gave the company a buy rating in a report on Tuesday, April 18th. Finally, Rosenblatt Securities restated a neutral rating and issued a $155.00 price objective on shares of Netflix in a report on Tuesday, April 18th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-six have issued a buy rating to the stock. Netflix currently has a consensus rating of Buy and an average target price of $146.24.

Netflix (NASDAQ:NFLX) opened at 157.02 on Wednesday. Netflix has a 1-year low of $84.50 and a 1-year high of $161.78. The firm has a market capitalization of $67.67 billion, a P/E ratio of 203.13 and a beta of 1.27. The company’s 50-day moving average price is $150.62 and its 200-day moving average price is $137.05.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, April 17th. The Internet television network reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.64 billion. Netflix had a net margin of 2.11% and a return on equity of 7.51%. The business’s revenue was up 34.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.06 EPS. Equities research analysts expect that Netflix will post $1.04 earnings per share for the current fiscal year.

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In other Netflix news, General Counsel David A. Hyman sold 14,021 shares of the firm’s stock in a transaction dated Tuesday, April 25th. The shares were sold at an average price of $150.00, for a total transaction of $2,103,150.00. Following the sale, the general counsel now directly owns 41,629 shares of the company’s stock, valued at approximately $6,244,350. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tawni Cranz sold 2,135 shares of the firm’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $146.49, for a total transaction of $312,756.15. Following the sale, the insider now directly owns 2,135 shares in the company, valued at $312,756.15. The disclosure for this sale can be found here. Insiders have sold a total of 368,241 shares of company stock worth $53,520,038 over the last ninety days. 4.90% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. raised its position in shares of Netflix by 0.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,134 shares of the Internet television network’s stock valued at $168,000 after buying an additional 9 shares during the last quarter. Guardian Life Insurance Co. of America raised its position in shares of Netflix by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock valued at $245,000 after buying an additional 11 shares during the last quarter. Linscomb & Williams Inc. raised its position in shares of Netflix by 0.9% in the fourth quarter. Linscomb & Williams Inc. now owns 3,269 shares of the Internet television network’s stock valued at $405,000 after buying an additional 29 shares during the last quarter. Wetherby Asset Management Inc. raised its position in shares of Netflix by 0.5% in the fourth quarter. Wetherby Asset Management Inc. now owns 5,979 shares of the Internet television network’s stock valued at $740,000 after buying an additional 32 shares during the last quarter. Finally, Edmond DE Rothschild Italia SGR SPA raised its position in shares of Netflix by 0.9% in the third quarter. Edmond DE Rothschild Italia SGR SPA now owns 3,829 shares of the Internet television network’s stock valued at $377,000 after buying an additional 33 shares during the last quarter. Institutional investors and hedge funds own 80.42% of the company’s stock.

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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