RBC Capital Markets Reaffirms Buy Rating for Netflix Inc. (NFLX)
Several other equities research analysts have also issued reports on the company. Royal Bank Of Canada reissued a buy rating and set a $140.00 price target on shares of Netflix in a research report on Wednesday, May 18th. Cantor Fitzgerald reissued a buy rating on shares of Netflix in a research report on Sunday, May 22nd. Piper Jaffray Cos. reissued an overweight rating and set a $122.00 price target on shares of Netflix in a research report on Monday, May 23rd. Vetr lowered Netflix from a strong-buy rating to a buy rating and set a $106.10 price target on the stock. in a research report on Monday, May 23rd. Finally, MKM Partners set a $145.00 price target on Netflix and gave the company a buy rating in a research report on Thursday, May 26th. Seven research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-seven have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $110.46.
Shares of Netflix (NASDAQ:NFLX) opened at 98.06 on Thursday. The firm’s 50 day moving average is $96.47 and its 200 day moving average is $96.23. Netflix has a 12 month low of $79.95 and a 12 month high of $133.27. The stock has a market capitalization of $42.04 billion, a price-to-earnings ratio of 306.44 and a beta of 1.71.
Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, July 18th. The Internet television network reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.07. Netflix had a return on equity of 5.59% and a net margin of 1.85%. The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period in the prior year, the company posted $0.06 EPS. Netflix’s quarterly revenue was up 19.5% on a year-over-year basis. On average, equities analysts predict that Netflix will post $0.29 earnings per share for the current fiscal year.
In related news, Director Richard N. Barton sold 700 shares of Netflix stock in a transaction on Wednesday, July 6th. The stock was sold at an average price of $95.03, for a total transaction of $66,521.00. Following the completion of the sale, the director now directly owns 15,562 shares of the company’s stock, valued at $1,478,856.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 1,400 shares of Netflix stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $97.86, for a total value of $137,004.00. Following the sale, the director now directly owns 15,562 shares of the company’s stock, valued at $1,522,897.32. The disclosure for this sale can be found here. Corporate insiders own 4.90% of the company’s stock.
Several large investors have recently made changes to their positions in NFLX. Winslow Capital Management LLC acquired a new position in Netflix during the second quarter worth about $209,447,000. Capital World Investors boosted its position in Netflix by 32.4% in the second quarter. Capital World Investors now owns 6,656,926 shares of the Internet television network’s stock worth $608,976,000 after buying an additional 1,630,881 shares during the last quarter. Jericho Capital Asset Management L.P. acquired a new position in Netflix during the first quarter worth about $94,076,000. Capital Research Global Investors boosted its position in Netflix by 1.5% in the second quarter. Capital Research Global Investors now owns 49,967,802 shares of the Internet television network’s stock worth $4,571,055,000 after buying an additional 761,325 shares during the last quarter. Finally, Criterion Capital Management LLC boosted its position in Netflix by 241.5% in the second quarter. Criterion Capital Management LLC now owns 991,469 shares of the Internet television network’s stock worth $90,700,000 after buying an additional 701,119 shares during the last quarter. 78.43% of the stock is owned by institutional investors and hedge funds.
Netflix, Inc (Netflix) is a provider of Internet television network. The Company’s members can watch original series, documentaries and feature films in Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content.
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