Moffett Nathanson Reaffirms “Neutral” Rating for Netflix, Inc. (NFLX)
NFLX has been the topic of a number of other reports. Raymond James Financial, Inc. restated an outperform rating and issued a $205.00 price target (up from $165.00) on shares of Netflix in a report on Tuesday. FBR & Co reiterated a hold rating and issued a $144.00 target price on shares of Netflix in a research note on Tuesday, April 11th. Guggenheim lifted their target price on shares of Netflix from $160.00 to $173.00 and gave the stock a buy rating in a research note on Tuesday, April 18th. Deutsche Bank AG lifted their target price on shares of Netflix from $110.00 to $125.00 and gave the stock a hold rating in a research note on Monday, March 20th. Finally, William Blair reiterated an outperform rating and issued a $165.00 target price on shares of Netflix in a research note on Saturday, April 22nd. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-nine have given a buy rating to the stock. Netflix currently has an average rating of Buy and an average price target of $169.38.
Shares of Netflix (NASDAQ:NFLX) traded up 2.69% during midday trading on Tuesday, hitting $188.54. 9,277,448 shares of the stock were exchanged. The stock has a market cap of $81.34 billion, a P/E ratio of 229.37 and a beta of 0.98. The firm has a 50 day moving average of $158.04 and a 200-day moving average of $148.40. Netflix has a 12 month low of $85.01 and a 12 month high of $191.50.
Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the previous year, the company earned $0.09 earnings per share. The firm’s revenue was up 32.3% on a year-over-year basis. Equities research analysts anticipate that Netflix will post $1.16 EPS for the current year.
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In other news, Director Richard N. Barton sold 1,000 shares of the business’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $156.62, for a total transaction of $156,620.00. Following the transaction, the director now owns 8,012 shares of the company’s stock, valued at approximately $1,254,839.44. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Leslie J. Kilgore sold 1,211 shares of the business’s stock in a transaction dated Tuesday, April 25th. The shares were sold at an average price of $147.38, for a total transaction of $178,477.18. Following the transaction, the director now directly owns 36,407 shares in the company, valued at approximately $5,365,663.66. The disclosure for this sale can be found here. In the last three months, insiders have sold 343,728 shares of company stock worth $53,858,193. Corporate insiders own 4.90% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Clean Yield Group acquired a new stake in shares of Netflix during the first quarter worth about $103,000. TD Capital Management LLC purchased a new stake in Netflix during the second quarter worth $105,000. SRS Capital Advisors Inc. raised its stake in Netflix by 3,361.9% in the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock worth $107,000 after buying an additional 706 shares during the last quarter. Harfst & Associates Inc. purchased a new stake in Netflix during the first quarter worth $109,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in Netflix by 24.2% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 770 shares of the Internet television network’s stock worth $114,000 after buying an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 82.77% of the company’s stock.
Netflix Company Profile
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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