Netflix, Inc. (NFLX) Given New $225.00 Price Target at BTIG Research
Netflix, Inc. (NASDAQ:NFLX) had its price objective boosted by BTIG Research from $170.00 to $225.00 in a report published on Wednesday. The brokerage currently has a buy rating on the Internet television network’s stock.
Several other brokerages have also issued reports on NFLX. Stifel Nicolaus boosted their price objective on Netflix from $155.00 to $170.00 and gave the company a buy rating in a research report on Tuesday, April 18th. Royal Bank Of Canada reiterated an outperform rating and issued a $175.00 price objective on shares of Netflix in a research report on Monday, April 17th. FBR & Co boosted their price objective on Netflix from $144.00 to $145.00 and gave the company a mkt perform rating in a research report on Tuesday, April 18th. Jefferies Group LLC boosted their price objective on Netflix from $135.00 to $141.00 and gave the company a hold rating in a research report on Wednesday, April 19th. 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 investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-nine have assigned a buy rating to the company’s stock. Netflix presently has a consensus rating of Buy and a consensus price target of $174.36.
Shares of Netflix (NASDAQ:NFLX) opened at 184.04 on Wednesday. The stock has a 50 day moving average of $161.73 and a 200-day moving average of $150.70. Netflix has a 52-week low of $90.50 and a 52-week high of $191.50. The stock has a market capitalization of $79.46 billion, a price-to-earnings ratio of 223.89 and a beta of 0.98.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data 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 net margin of 3.55% and a return on equity of 12.82%. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same quarter in the prior year, the firm posted $0.09 earnings per share. Netflix’s revenue for the quarter was up 32.3% compared to the same quarter last year. On average, equities research analysts predict that Netflix will post $1.17 EPS for the current fiscal year.
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In other Netflix news, CEO Reed Hastings sold 101,815 shares of Netflix stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $157.13, for a total value of $15,998,190.95. Following the completion of the sale, the chief executive officer now directly owns 101,815 shares in the company, valued at $15,998,190.95. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard N. Barton sold 2,000 shares of Netflix stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $159.08, for a total value of $318,160.00. Following the completion of the sale, the director now owns 7,082 shares of the company’s stock, valued at $1,126,604.56. The disclosure for this sale can be found here. Insiders have sold 433,801 shares of company stock valued at $71,702,221 over the last 90 days. 4.90% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of the company. Clean Yield Group acquired a new stake in shares of Netflix during the first quarter worth $103,000. TD Capital Management LLC acquired a new stake in shares of Netflix during the second quarter worth $105,000. SRS Capital Advisors Inc. increased its stake in shares of 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. acquired a new stake in shares of Netflix during the first quarter worth $109,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of 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. Institutional investors and hedge funds own 82.82% of the company’s stock.
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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