Netflix Inc. (NFLX) Receives Sell Rating from Deutsche Bank AG
Deutsche Bank AG restated their sell rating on shares of Netflix Inc. (NASDAQ:NFLX) in a report released on Tuesday morning. They currently have a $90.00 price objective on the Internet television network’s stock.
Several other equities research analysts have also recently weighed in on NFLX. Jefferies Group reiterated an underperform rating and issued a $76.00 target price (down previously from $80.00) on shares of Netflix in a research note on Sunday, July 17th. Wedbush reiterated an underperform rating and issued a $50.00 target price (up previously from $45.00) on shares of Netflix in a research note on Sunday, July 17th. SunTrust Banks Inc. reiterated a hold rating on shares of Netflix in a research note on Sunday, July 17th. BTIG Research reiterated a buy rating and issued a $130.00 target price (down previously from $150.00) on shares of Netflix in a research note on Sunday, July 17th. Finally, Raymond James Financial Inc. set a $120.00 target price on shares of Netflix and gave the company a buy rating in a research note on Sunday. Eight analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-eight have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $115.73.
Shares of Netflix (NASDAQ:NFLX) traded up 1.39% during trading on Tuesday, hitting $120.44. The stock had a trading volume of 3,901,958 shares. Netflix has a one year low of $79.95 and a one year high of $133.27. The stock’s 50-day moving average price is $99.60 and its 200 day moving average price is $96.38. The stock has a market cap of $51.64 billion, a price-to-earnings ratio of 376.38 and a beta of 1.14.
Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, October 17th. The Internet television network reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.06. Netflix had a net margin of 1.99% and a return on equity of 6.45%. The company earned $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the prior year, the company earned $0.07 earnings per share. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. On average, equities analysts forecast that Netflix will post $0.28 EPS for the current year.
In other Netflix news, Director Jay C. Hoag bought 600,000 shares of Netflix stock in a transaction dated Monday, July 25th. The stock was purchased at an average price of $86.43 per share, for a total transaction of $51,858,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard N. Barton sold 2,800 shares of Netflix 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 completion of 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 institutional investors have recently bought and sold shares of NFLX. Winslow Capital Management LLC purchased a new position in Netflix during the second quarter worth approximately $209,447,000. Capital World Investors raised 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 period. Jericho Capital Asset Management L.P. purchased a new position in Netflix during the first quarter worth approximately $94,076,000. Capital Research Global Investors raised 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 period. Finally, Criterion Capital Management LLC raised 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 period. Hedge funds and other 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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