Guggenheim restated their buy rating on shares of Netflix, Inc. (NASDAQ:NFLX) in a report released on Tuesday morning. They currently have a $210.00 target price on the Internet television network’s stock, up from their prior target price of $190.00.
A number of other research analysts also recently commented on the company. Morgan Stanley set a $210.00 target price on Netflix and gave the company a buy rating in a research report on Tuesday, July 18th. Sanford C. Bernstein restated an outperform rating and issued a $203.00 price target (up from $178.00) on shares of Netflix in a research report on Tuesday, July 18th. Rosenblatt Securities upgraded Netflix from a neutral rating to a buy rating and raised their price target for the stock from $155.00 to $200.00 in a research report on Tuesday, July 18th. BidaskClub upgraded Netflix from a hold rating to a buy rating in a research report on Sunday, July 16th. Finally, Vetr downgraded Netflix from a hold rating to a sell rating and set a $165.09 price target for the company. in a research report on Wednesday, August 30th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-seven have issued a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $178.70.
Shares of Netflix (NASDAQ NFLX) opened at 183.57 on Tuesday. Netflix has a one year low of $93.26 and a one year high of $191.50. The stock has a 50 day moving average of $175.51 and a 200-day moving average of $158.22. The company has a market capitalization of $79.26 billion, a price-to-earnings ratio of 223.32 and a beta of 1.05.
Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The firm’s revenue was up 32.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.09 earnings per share. On average, equities analysts expect that Netflix will post $1.19 earnings per share for the current year.
In related news, CEO Reed Hastings sold 115,577 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $152.63, for a total transaction of $17,640,517.51. Following the completion of the sale, the chief executive officer now directly owns 115,577 shares in the company, valued at $17,640,517.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gregory K. Peters sold 12,768 shares of the business’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $177.38, for a total value of $2,264,787.84. Following the sale, the insider now owns 19,208 shares of the company’s stock, valued at $3,407,115.04. The disclosure for this sale can be found here. Insiders have sold 349,435 shares of company stock valued at $59,221,491 over the last quarter. 4.90% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of NFLX. Almanack Investment Partners LLC. purchased a new stake in shares of Netflix during the second quarter worth approximately $101,000. Clean Yield Group purchased a new stake in shares of Netflix during the first quarter worth approximately $103,000. TD Capital Management LLC purchased a new stake in shares of Netflix during the second quarter worth approximately $105,000. SRS Capital Advisors Inc. increased its position in shares of Netflix by 3,361.9% during the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock worth $107,000 after purchasing an additional 706 shares in the last quarter. Finally, Harfst & Associates Inc. purchased a new stake in shares of Netflix during the first quarter worth approximately $109,000. Hedge funds and other institutional investors own 81.05% 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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