Netflix, Inc. (NFLX) Given a $200.00 Price Target by Macquarie Analysts
Macquarie set a $200.00 price objective on Netflix, Inc. (NASDAQ:NFLX) in a research note issued to investors on Tuesday morning. The brokerage currently has a neutral rating on the Internet television network’s stock.
Several other research firms have also commented on NFLX. Piper Jaffray Companies reaffirmed a buy rating and issued a $215.00 price target on shares of Netflix in a report on Monday, September 18th. Loop Capital lifted their price objective on shares of Netflix from $228.00 to $242.00 and gave the company a buy rating in a research report on Tuesday. Royal Bank Of Canada reiterated an outperform rating and issued a $210.00 price objective on shares of Netflix in a research report on Friday, October 6th. Vetr upgraded shares of Netflix from a sell rating to a hold rating and set a $165.75 price objective on the stock in a research report on Thursday, August 10th. Finally, MKM Partners reiterated a buy rating and issued a $195.00 price objective on shares of Netflix in a research report on Monday, July 10th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirty-three have issued a buy rating to the company’s stock. Netflix currently has a consensus rating of Buy and an average target price of $199.03.
Shares of Netflix (NASDAQ:NFLX) traded down 1.75% during midday trading on Tuesday, hitting $195.98. 7,321,645 shares of the stock were exchanged. The company has a market cap of $84.61 billion, a PE ratio of 238.42 and a beta of 1.09. Netflix has a 12-month low of $98.38 and a 12-month high of $200.82. The firm has a 50-day moving average price of $183.35 and a 200-day moving average price of $165.87.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). Netflix had a net margin of 4.04% and a return on equity of 15.06%. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.97 billion. During the same period last year, the firm posted $0.12 earnings per share. The company’s quarterly revenue was up 30.3% on a year-over-year basis. On average, equities analysts predict that Netflix will post $1.25 EPS for the current year.
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In other news, CEO Reed Hastings sold 109,214 shares of Netflix stock in a transaction on Monday, July 24th. The stock was sold at an average price of $188.61, for a total transaction of $20,598,852.54. Following the completion of the sale, the chief executive officer now owns 109,214 shares of the company’s stock, valued at $20,598,852.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Leslie J. Kilgore sold 868 shares of Netflix stock in a transaction on Monday, October 16th. The stock was sold at an average price of $202.00, for a total value of $175,336.00. The disclosure for this sale can be found here. Insiders have sold 305,288 shares of company stock valued at $55,168,715 in the last three months. Insiders own 4.90% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. OppenheimerFunds Inc. raised its stake in Netflix by 1.6% in the first quarter. OppenheimerFunds Inc. now owns 7,528 shares of the Internet television network’s stock valued at $1,113,000 after purchasing an additional 117 shares in the last quarter. Teachers Advisors LLC raised its stake in Netflix by 2.0% in the first quarter. Teachers Advisors LLC now owns 1,300,531 shares of the Internet television network’s stock valued at $192,231,000 after purchasing an additional 25,266 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co acquired a new position in Netflix in the first quarter valued at about $208,000. Turner Investments LLC acquired a new position in Netflix in the first quarter valued at about $417,000. Finally, Stephens Inc. AR raised its stake in Netflix by 12.4% in the first quarter. Stephens Inc. AR now owns 7,427 shares of the Internet television network’s stock valued at $1,098,000 after purchasing an additional 821 shares in the last quarter. 81.02% of the stock is owned by institutional investors.
Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.
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