A number of other equities analysts also recently issued reports on NFLX. UBS AG restated a buy rating and issued a $175.00 price target on shares of Netflix in a research note on Wednesday, April 19th. Loop Capital raised their price target on Netflix from $162.00 to $172.00 and gave the company an outperform rating in a report on Wednesday, April 19th. Citigroup Inc. raised their price target on Netflix from $160.00 to $180.00 and gave the company a neutral rating in a report on Tuesday. Jefferies Group LLC reissued a hold rating and set a $165.00 price target (up from $141.00) on shares of Netflix in a report on Tuesday. Finally, J P Morgan Chase & Co raised their price target on Netflix from $178.00 to $210.00 and gave the company an overweight rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-nine have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $169.38.
Shares of Netflix (NASDAQ:NFLX) traded up 0.12% during midday trading on Tuesday, reaching $183.82. The company’s stock had a trading volume of 13,680,327 shares. Netflix has a 52-week low of $85.01 and a 52-week high of $187.17. The stock has a market cap of $79.30 billion, a price-to-earnings ratio of 223.63 and a beta of 0.98. The stock has a 50-day moving average price of $156.86 and a 200-day moving average price of $147.88. Netflix also saw unusually large options trading on Monday. Traders acquired 105,623 call options on the stock. This represents an increase of approximately 271% compared to the average volume of 28,474 call options.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.01. The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Netflix had a return on equity of 13.28% and a net margin of 3.55%. The business’s quarterly revenue was up 32.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.09 EPS. Equities research analysts anticipate that Netflix will post $1.15 earnings per share for the current fiscal year.
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In related news, Director Richard N. Barton sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $159.08, for a total transaction of $318,160.00. Following the transaction, the director now owns 7,082 shares of the company’s stock, valued at $1,126,604.56. The sale was disclosed in a legal 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 that occurred on Tuesday, June 27th. The shares were sold at an average price of $156.62, for a total transaction of $156,620.00. Following the transaction, the director now directly owns 8,012 shares in the company, valued at approximately $1,254,839.44. The disclosure for this sale can be found here. Insiders sold 420,458 shares of company stock valued at $64,107,103 over the last three months. 4.90% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in NFLX. Lincoln Capital Corp bought a new position in shares of Netflix during the fourth quarter valued at approximately $248,000. Perigon Wealth Management LLC increased its position in shares of Netflix by 1.1% in the fourth quarter. Perigon Wealth Management LLC now owns 21,782 shares of the Internet television network’s stock valued at $3,031,000 after buying an additional 235 shares during the period. M Holdings Securities Inc. bought a new position in shares of Netflix during the fourth quarter valued at approximately $304,000. Kentucky Retirement Systems bought a new position in shares of Netflix during the fourth quarter valued at approximately $3,855,000. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Netflix during the fourth quarter valued at approximately $1,720,000. Institutional investors own 82.77% of the company’s stock.
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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