Other analysts also recently issued research reports about the stock. Goldman Sachs Group Inc set a $175.00 price target on shares of Netflix and gave the company a buy rating in a report on Wednesday, June 28th. Guggenheim reaffirmed a buy rating and set a $180.00 price target (up previously from $175.00) on shares of Netflix in a report on Tuesday, June 20th. Vetr downgraded shares of Netflix from a strong-buy rating to a buy rating and set a $168.56 price target on the stock. in a report on Monday, June 19th. MKM Partners reaffirmed a buy rating and set a $195.00 price target on shares of Netflix in a report on Monday, July 10th. Finally, Zacks Investment Research raised shares of Netflix from a hold rating to a buy rating and set a $173.00 price target on the stock in a report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and thirty-four have issued a buy rating to the stock. Netflix currently has a consensus rating of Buy and an average target price of $205.69.
Netflix (NASDAQ NFLX) traded down 0.50% on Tuesday, reaching $194.16. 5,995,568 shares of the company traded hands. The company has a market capitalization of $83.96 billion, a PE ratio of 193.97 and a beta of 1.09. The stock’s 50 day moving average price is $186.73 and its 200 day moving average price is $167.39. Netflix has a one year low of $110.68 and a one year high of $204.38.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). Netflix had a net margin of 4.04% and a return on equity of 14.56%. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.97 billion. During the same period last year, the company posted $0.12 earnings per share. The business’s revenue for the quarter was up 30.3% compared to the same quarter last year. On average, equities research analysts predict that Netflix will post $1.25 EPS for the current fiscal year.
In other Netflix news, Director Leslie J. Kilgore sold 868 shares of Netflix stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $202.00, for a total transaction of $175,336.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Reed Hastings sold 109,214 shares of Netflix stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $188.61, for a total value of $20,598,852.54. Following the transaction, the chief executive officer now directly owns 109,214 shares in the company, valued at approximately $20,598,852.54. The disclosure for this sale can be found here. Insiders have sold a total of 305,288 shares of company stock worth $55,168,715 in the last three months. Corporate insiders own 4.90% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. APG Asset Management N.V. boosted its stake in shares of Netflix by 3.6% in the third quarter. APG Asset Management N.V. now owns 565,831 shares of the Internet television network’s stock valued at $102,613,000 after buying an additional 19,600 shares in the last quarter. Merriman Wealth Management LLC purchased a new stake in Netflix during the third quarter worth $1,077,000. Fisher Asset Management LLC boosted its position in Netflix by 36.6% during the third quarter. Fisher Asset Management LLC now owns 2,111 shares of the Internet television network’s stock worth $383,000 after purchasing an additional 566 shares in the last quarter. Arcadia Investment Management Corp MI boosted its position in Netflix by 13.9% during the third quarter. Arcadia Investment Management Corp MI now owns 6,770 shares of the Internet television network’s stock worth $1,228,000 after purchasing an additional 825 shares in the last quarter. Finally, Asset Dedication LLC boosted its position in Netflix by 14.1% during the third quarter. Asset Dedication LLC now owns 3,083 shares of the Internet television network’s stock worth $553,000 after purchasing an additional 381 shares in the last quarter. Institutional investors own 81.02% 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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