Netflix Inc. (NFLX) Price Target Lowered to $90.00 at FBR & Co
Netflix Inc. (NASDAQ:NFLX) had its target price cut by FBR & Co from $100.00 to $90.00 in a research report report published on Tuesday. They currently have a mkt perform rating on the Internet television network’s stock.
Other analysts also recently issued reports about the stock. Royal Bank Of Canada reissued an outperform rating and issued a $140.00 price target on shares of Netflix in a report on Tuesday, June 28th. Jefferies Group reissued an underperform rating and issued a $76.00 price target (down from $80.00) on shares of Netflix in a report on Sunday, July 17th. Wedbush reissued an underperform rating and issued a $50.00 price target (up from $45.00) on shares of Netflix in a report on Sunday, July 17th. SunTrust Banks Inc. reissued a hold rating on shares of Netflix in a report on Sunday, July 17th. Finally, BTIG Research reissued a buy rating and issued a $130.00 price target (down from $150.00) on shares of Netflix in a report on Sunday, July 17th. Eight analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-eight have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $115.73.
Netflix (NASDAQ:NFLX) opened at 118.12 on Tuesday. The firm’s 50-day moving average is $99.60 and its 200-day moving average is $96.38. The firm has a market capitalization of $50.64 billion, a price-to-earnings ratio of 369.13 and a beta of 1.14. Netflix has a 1-year low of $79.95 and a 1-year high of $133.27.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, October 17th. The Internet television network reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. Netflix had a net margin of 1.99% and a return on equity of 6.45%. The firm earned $2.29 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the prior year, the firm earned $0.07 EPS. The business’s revenue was up 31.7% on a year-over-year basis. On average, equities analysts anticipate that Netflix will post $0.28 EPS for the current year.
In other news, Director Richard N. Barton sold 2,800 shares of the business’s stock in a transaction that occurred on 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 directly owns 15,254 shares of the company’s stock, valued at $1,590,534.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jay C. Hoag bought 600,000 shares of Netflix stock in a transaction dated Monday, July 25th. The shares were acquired at an average cost of $86.43 per share, for a total transaction of $51,858,000.00. The disclosure for this purchase can be found here. Insiders own 4.90% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. 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 valued at $4,571,055,000 after buying an additional 761,325 shares during the period. Vanguard Group Inc. boosted its position in Netflix by 2.0% in the second quarter. Vanguard Group Inc. now owns 25,054,115 shares of the Internet television network’s stock valued at $2,291,951,000 after buying an additional 484,692 shares during the period. Baillie Gifford & Co. boosted its position in Netflix by 4.5% in the second quarter. Baillie Gifford & Co. now owns 7,316,440 shares of the Internet television network’s stock valued at $669,307,000 after buying an additional 314,275 shares during the period. 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 valued at $608,976,000 after buying an additional 1,630,881 shares during the period. Finally, Geode Capital Management LLC boosted its position in Netflix by 2.4% in the first quarter. Geode Capital Management LLC now owns 3,450,527 shares of the Internet television network’s stock valued at $352,036,000 after buying an additional 79,246 shares during the period. 78.41% of the stock is currently owned by hedge funds and other institutional investors.
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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