Netflix, Inc. (NFLX) Given a $165.00 Price Target by Jefferies Group LLC Analysts
Netflix, Inc. (NASDAQ:NFLX) received a $165.00 price objective from research analysts at Jefferies Group LLC in a research report issued on Monday. The firm presently has a “neutral” rating on the Internet television network’s stock. Jefferies Group LLC’s price objective points to a potential downside of 9.51% from the company’s previous close.
NFLX has been the topic of a number of other research reports. Instinet reaffirmed a “buy” rating on shares of Netflix in a research note on Friday, June 2nd. Sanford C. Bernstein set a $203.00 target price on Netflix and gave the stock a “buy” rating in a research report on Wednesday, August 30th. Canaccord Genuity increased their target price on Netflix from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, June 16th. Morgan Stanley reiterated an “overweight” rating and set a $185.00 target price (up from $175.00) on shares of Netflix in a research report on Thursday, July 13th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $175.00 target price on shares of Netflix in a research report on Friday, June 16th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-seven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $178.70.
Netflix (NASDAQ:NFLX) traded up 0.80% on Monday, hitting $183.81. The stock had a trading volume of 1,731,872 shares. The stock’s 50 day moving average is $175.15 and its 200 day moving average is $159.15. Netflix has a one year low of $93.26 and a one year high of $191.50. The stock has a market cap of $79.36 billion, a price-to-earnings ratio of 223.61 and a beta of 1.05.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The firm’s revenue was up 32.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.09 EPS. Analysts anticipate that Netflix will post $1.19 earnings per share for the current year.
In related news, Director Richard N. Barton sold 1,000 shares of the business’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $156.62, for a total transaction of $156,620.00. Following the completion of the transaction, the director now owns 8,012 shares of the company’s stock, valued at approximately $1,254,839.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan Friedland sold 2,496 shares of the business’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $182.17, for a total value of $454,696.32. Following the transaction, the insider now directly owns 1,232 shares of the company’s stock, valued at approximately $224,433.44. The disclosure for this sale can be found here. Insiders have sold a total of 349,435 shares of company stock valued at $59,221,491 in the last three months. 4.90% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Almanack Investment Partners LLC. acquired a new position in shares of Netflix during the 2nd quarter worth about $101,000. TD Capital Management LLC acquired a new position in shares of Netflix during the 2nd quarter worth about $105,000. SRS Capital Advisors Inc. lifted its position in shares of Netflix by 3,361.9% during the 1st quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock worth $107,000 after purchasing an additional 706 shares during the last quarter. Harfst & Associates Inc. acquired a new position in shares of Netflix during the 1st quarter worth about $109,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in shares of Netflix by 24.2% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 770 shares of the Internet television network’s stock worth $114,000 after purchasing an additional 150 shares during the last quarter. 81.03% of the stock is owned by institutional investors and hedge funds.
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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