Jefferies Group LLC Boosts Netflix, Inc. (NFLX) Price Target to $180.00
Netflix, Inc. (NASDAQ:NFLX) had its target price boosted by Jefferies Group LLC to $180.00 in a report issued on Friday. They currently have a hold rating on the Internet television network’s stock. Jefferies Group also issued estimates for Netflix’s Q3 2017 earnings at $0.33 EPS, Q4 2017 earnings at $0.36 EPS, FY2017 earnings at $1.23 EPS, Q1 2018 earnings at $0.78 EPS, Q2 2018 earnings at $0.44 EPS and Q1 2019 earnings at $1.17 EPS.
Other analysts also recently issued research reports about the company. BMO Capital Markets restated a market perform rating and set a $180.00 target price (up previously from $150.00) on shares of Netflix in a research note on Tuesday, July 18th. Needham & Company LLC restated a hold rating on shares of Netflix in a research note on Tuesday, July 18th. Bank of America Corporation restated a buy rating and set a $199.00 target price (up previously from $184.00) on shares of Netflix in a research note on Tuesday, July 18th. Vetr upgraded Netflix from a sell rating to a hold rating and set a $165.09 target price for the company in a research note on Wednesday, August 16th. Finally, Sanford C. Bernstein set a $203.00 target price on Netflix and gave the company a buy rating in a research note on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirty-one have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $187.13.
Netflix (NFLX) opened at 198.02 on Friday. Netflix has a 52-week low of $97.63 and a 52-week high of $198.92. The firm has a market capitalization of $85.49 billion, a price-to-earnings ratio of 240.90 and a beta of 1.09. The company’s 50-day moving average price is $178.79 and its 200 day moving average price is $163.66.
Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01). The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The business’s revenue was up 32.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.09 EPS. Equities research analysts predict that Netflix will post $1.17 earnings per share for the current year.
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In related news, Director Richard N. Barton sold 2,000 shares of the firm’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $169.18, for a total transaction of $338,360.00. Following the completion of the sale, the director now directly owns 8,012 shares of the company’s stock, valued at approximately $1,355,470.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gregory K. Peters sold 12,768 shares of the firm’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $177.38, for a total value of $2,264,787.84. Following the sale, the insider now directly owns 19,208 shares of the company’s stock, valued at $3,407,115.04. The disclosure for this sale can be found here. Insiders have sold a total of 316,067 shares of company stock valued at $56,923,386 over the last ninety days. Insiders own 4.90% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new stake in shares of Netflix in the 2nd quarter valued at $1,045,000. Calamos Advisors LLC increased its stake in shares of Netflix by 198.5% in the 2nd quarter. Calamos Advisors LLC now owns 208,945 shares of the Internet television network’s stock valued at $31,218,000 after buying an additional 138,945 shares during the period. Alps Advisors Inc. acquired a new stake in shares of Netflix in the 2nd quarter valued at $262,000. Guardian Life Insurance Co. of America increased its stake in shares of Netflix by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock valued at $245,000 after buying an additional 11 shares during the period. Finally, Teachers Advisors LLC increased its stake in shares of Netflix by 2.0% in the 1st quarter. Teachers Advisors LLC now owns 1,300,531 shares of the Internet television network’s stock valued at $192,231,000 after buying an additional 25,266 shares during the period. 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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