Netflix Inc. (NFLX) Price Target Lowered to $90.00 at FBR & Co
Netflix Inc. (NASDAQ:NFLX) had its price objective decreased by FBR & Co from $100.00 to $90.00 in a research note issued to investors on Tuesday. FBR & Co currently has a mkt perform rating on the Internet television network’s stock.
NFLX has been the subject of several other reports. Vetr upgraded Netflix from a hold rating to a buy rating and set a $102.90 target price for the company in a research report on Tuesday, September 20th. Cantor Fitzgerald restated a buy rating on shares of Netflix in a research report on Friday, September 9th. Wedbush set a $45.00 target price on Netflix and gave the stock a sell rating in a research report on Thursday, October 13th. RBC Capital Markets restated an outperform rating and set a $130.00 target price on shares of Netflix in a research report on Monday, August 29th. Finally, Jefferies Group reaffirmed an underperform rating and set a $76.00 price target 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 assigned a hold rating and twenty-eight have given a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $115.73.
Shares of Netflix (NASDAQ:NFLX) opened at 118.79 on Tuesday. The company’s 50-day moving average price is $99.60 and its 200 day moving average price is $96.38. Netflix has a 1-year low of $79.95 and a 1-year high of $133.27. The firm has a market cap of $50.93 billion, a PE ratio of 371.22 and a beta of 1.14.
Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, October 17th. The Internet television network reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.06. Netflix had a return on equity of 6.45% and a net margin of 1.99%. The business earned $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the previous year, the business earned $0.07 earnings per share. The firm’s revenue was up 31.7% on a year-over-year basis. On average, analysts predict that Netflix will post $0.28 EPS for the current year.
In other Netflix news, Director Jay C. Hoag acquired 600,000 shares of the firm’s stock in a transaction on Monday, July 25th. The stock was bought at an average cost of $86.43 per share, for a total transaction of $51,858,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Reed Hastings sold 116,431 shares of the business’s stock in a transaction that occurred on Thursday, July 21st. The stock was sold at an average price of $86.59, for a total transaction of $10,081,760.29. Following the sale, the chief executive officer now owns 116,431 shares of the company’s stock, valued at $10,081,760.29. The disclosure for this sale can be found here. Company insiders own 4.90% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the company. Adage Capital Partners GP L.L.C. increased its stake in Netflix by 69.9% in the first quarter. Adage Capital Partners GP L.L.C. now owns 645,960 shares of the Internet television network’s stock valued at $66,036,000 after buying an additional 265,678 shares in the last quarter. Scopia Capital Management LP increased its stake in Netflix by 55.2% in the first quarter. Scopia Capital Management LP now owns 1,846,398 shares of the Internet television network’s stock valued at $188,757,000 after buying an additional 656,585 shares in the last quarter. Natixis purchased a new position in Netflix during the first quarter worth approximately $47,023,000. Private Capital Management Inc. purchased a new position in Netflix during the second quarter worth approximately $631,000. Finally, Advisory Services Network LLC boosted its position in Netflix by 15.0% in the second quarter. Advisory Services Network LLC now owns 5,415 shares of the Internet television network’s stock worth $495,000 after buying an additional 706 shares during the last quarter. Institutional investors own 78.41% 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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