Netflix Inc. (NFLX) Given a $120.00 Price Target by Raymond James Financial Inc. Analysts
Raymond James Financial Inc. set a $120.00 price objective on Netflix Inc. (NASDAQ:NFLX) in a research note issued to investors on Monday. The brokerage currently has a a buy rating on the Internet television network’s stock.
NFLX has been the subject of several other research reports. Vetr raised Netflix from a hold rating to a buy rating and set a $102.90 price target for the company in a research note on Tuesday, September 20th. Cantor Fitzgerald reaffirmed a buy rating on shares of Netflix in a research note on Friday, September 9th. FBR & Co reaffirmed a market perform rating and set a $90.00 price target on shares of Netflix in a research note on Thursday, September 15th. RBC Capital Markets reaffirmed an outperform rating and set a $130.00 price target on shares of Netflix in a research note on Monday, August 29th. Finally, Jefferies Group reissued an underperform rating and issued a $76.00 target price on shares of Netflix in a research note on Friday, September 23rd. Eight equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-seven have given a buy rating to the stock. Netflix presently has an average rating of Hold and an average target price of $110.31.
Netflix (NASDAQ:NFLX) traded down 3.05% during midday trading on Monday, reaching $100.18. The company had a trading volume of 6,913,446 shares. Netflix has a one year low of $79.95 and a one year high of $133.27. The company has a 50-day moving average price of $98.41 and a 200-day moving average price of $96.32. The stock has a market capitalization of $42.95 billion, a price-to-earnings ratio of 313.06 and a beta of 1.14.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, July 18th. The Internet television network reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm earned $2.11 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the previous year, the company posted $0.06 earnings per share. The company’s revenue was up 19.5% compared to the same quarter last year. On average, equities analysts expect that Netflix will post $0.28 earnings per share for the current year.
In related news, Director Richard N. Barton sold 700 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $93.87, for a total transaction of $65,709.00. Following the completion of the transaction, the director now owns 15,562 shares in the company, valued at approximately $1,460,804.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 2,800 shares of the company’s stock in a transaction dated Thursday, October 6th. The stock was sold at an average price of $104.27, for a total transaction of $291,956.00. Following the transaction, the director now owns 15,254 shares of the company’s stock, valued at approximately $1,590,534.58. The disclosure for this sale can be found here. Corporate insiders own 4.90% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Gardner Lewis Asset Management L P bought a new position in Netflix during the first quarter valued at $597,000. Mirae Asset Global Investments Co. Ltd. increased its position in Netflix by 10.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,360 shares of the Internet television network’s stock valued at $1,774,000 after buying an additional 1,686 shares during the period. BB&T Securities LLC increased its position in Netflix by 97.1% in the first quarter. BB&T Securities LLC now owns 10,991 shares of the Internet television network’s stock valued at $1,123,000 after buying an additional 5,416 shares during the period. Canada Pension Plan Investment Board increased its position in Netflix by 1.1% in the first quarter. Canada Pension Plan Investment Board now owns 46,963 shares of the Internet television network’s stock valued at $4,801,000 after buying an additional 500 shares during the period. Finally, Wexford Capital LP acquired a new stake in shares of Netflix during the first quarter valued at about $3,582,000. Hedge funds and other institutional investors own 78.43% of the company’s stock.
Netflix Company Profile
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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