Netflix, Inc. (NASDAQ:NFLX) had its target price boosted by Piper Jaffray Companies from $166.00 to $190.00 in a research note published on Thursday. Piper Jaffray Companies currently has an overweight rating on the Internet television network’s stock.
NFLX has been the subject of several other research reports. FBR & Co restated a hold rating and issued a $144.00 price objective on shares of Netflix in a report on Tuesday, April 11th. Guggenheim upped their price objective on Netflix from $160.00 to $173.00 and gave the company a buy rating in a report on Tuesday, April 18th. Deutsche Bank AG upped their price objective on Netflix from $110.00 to $125.00 and gave the company a hold rating in a report on Monday, March 20th. William Blair restated an outperform rating and issued a $165.00 price objective on shares of Netflix in a report on Saturday, April 22nd. Finally, Vetr raised Netflix from a sell rating to a hold rating and set a $158.60 target price for the company in a report on Monday, May 15th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-six have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $147.14.
Netflix (NASDAQ:NFLX) traded down 0.47% during mid-day trading on Thursday, reaching $162.28. The company had a trading volume of 3,445,322 shares. The firm has a market capitalization of $69.94 billion, a P/E ratio of 209.94 and a beta of 1.27. The stock’s 50-day moving average is $152.10 and its 200 day moving average is $138.11. Netflix has a 12 month low of $84.50 and a 12 month high of $164.10. Netflix also was the target of some unusual options trading on Thursday. Investors acquired 15,669 call options on the stock. This represents an increase of approximately 258% compared to the average daily volume of 4,374 call options.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, April 17th. The Internet television network reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.03. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.64 billion. Netflix had a return on equity of 7.51% and a net margin of 2.11%. The company’s revenue was up 34.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 earnings per share. On average, analysts predict that Netflix will post $1.04 earnings per share for the current fiscal year.
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In other news, CEO Reed Hastings sold 101,815 shares of Netflix stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $157.13, for a total transaction of $15,998,190.95. Following the completion of the transaction, the chief executive officer now owns 101,815 shares of the company’s stock, valued at approximately $15,998,190.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Neil D. Hunt sold 10,000 shares of Netflix stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $159.62, for a total value of $1,596,200.00. Following the transaction, the insider now directly owns 459,952 shares of the company’s stock, valued at approximately $73,417,538.24. The disclosure for this sale can be found here. In the last three months, insiders sold 385,587 shares of company stock valued at $57,493,358. 4.90% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Clean Yield Group purchased a new position in Netflix during the first quarter valued at about $103,000. SRS Capital Advisors Inc. increased its position 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 during the period. Harfst & Associates Inc. purchased a new position in Netflix during the first quarter valued at about $109,000. Patriot Financial Group Insurance Agency LLC purchased a new position in Netflix during the fourth quarter valued at about $114,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position 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 during the period. 80.42% of the stock is owned by institutional investors and hedge funds.
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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