Netflix’s (NFLX) Buy Rating Reiterated at RBC Capital Markets
Other analysts have also recently issued reports about the company. MKM Partners set a $145.00 price objective on Netflix and gave the company a buy rating in a research note on Thursday, May 26th. Royal Bank Of Canada reiterated a buy rating on shares of Netflix in a research note on Tuesday, May 24th. Vetr cut Netflix from a strong-buy rating to a buy rating and set a $106.10 price objective on the stock. in a research note on Monday, May 23rd. Cantor Fitzgerald reiterated a buy rating on shares of Netflix in a research note on Sunday, May 22nd. Finally, Morgan Stanley reiterated a buy rating and issued a $125.00 price objective on shares of Netflix in a research note on Monday, June 6th. Seven analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-seven have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $110.46.
Shares of Netflix (NASDAQ:NFLX) opened at 98.25 on Thursday. Netflix has a 1-year low of $79.95 and a 1-year high of $133.27. The firm’s 50-day moving average price is $96.58 and its 200 day moving average price is $96.20. The stock has a market cap of $42.12 billion, a P/E ratio of 307.03 and a beta of 1.71.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, July 18th. The Internet television network reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.07. The business had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.11 billion. Netflix had a return on equity of 5.59% and a net margin of 1.85%. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period last year, the firm earned $0.06 earnings per share. On average, equities analysts expect that Netflix will post $0.29 earnings per share for the current fiscal year.
In other news, Director Richard N. Barton sold 1,400 shares of the company’s stock in a transaction dated Tuesday, July 12th. The shares were sold at an average price of $95.63, for a total value of $133,882.00. Following the sale, the director now owns 15,562 shares in the company, valued at approximately $1,488,194.06. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard N. Barton sold 700 shares of the company’s stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $95.00, for a total transaction of $66,500.00. Following the completion of the sale, the director now owns 15,562 shares in the company, valued at approximately $1,478,390. The disclosure for this sale can be found here. 4.90% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. raised its stake in Netflix by 25.6% in the second quarter. Cornerstone Advisors Inc. now owns 1,118 shares of the Internet television network’s stock valued at $102,000 after buying an additional 228 shares during the period. Signature Estate & Investment Advisors LLC acquired a new stake in Netflix during the second quarter valued at $124,000. Quadrant Capital Group LLC raised its stake in Netflix by 15.1% in the second quarter. Quadrant Capital Group LLC now owns 1,475 shares of the Internet television network’s stock valued at $126,000 after buying an additional 194 shares during the period. Coconut Grove Bank raised its stake in Netflix by 1.7% in the second quarter. Coconut Grove Bank now owns 1,526 shares of the Internet television network’s stock valued at $140,000 after buying an additional 26 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. raised its stake in Netflix by 15.3% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,690 shares of the Internet television network’s stock valued at $155,000 after buying an additional 224 shares during the period. 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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