Netflix, Inc. (NFLX) Stock Rating Reaffirmed by Royal Bank of Canada
Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “outperform” rating restated by Royal Bank of Canada in a report issued on Friday. They presently have a $175.00 target price on the Internet television network’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 14.84% from the stock’s previous close.
A number of other equities analysts have also recently issued reports on the stock. Wedbush boosted their price objective on shares of Netflix from $68.00 to $73.00 and gave the company an “underperform” rating in a research report on Tuesday, April 18th. Vetr upgraded shares of Netflix from a “sell” rating to a “hold” rating and set a $138.98 price objective on the stock in a research report on Monday, April 17th. Pivotal Research boosted their price objective on shares of Netflix from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, April 18th. Cowen and Company lifted their target price on shares of Netflix from $165.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, April 11th. Finally, William Blair reaffirmed an “outperform” rating and set 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 issued a hold rating and twenty-seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $148.45.
Shares of Netflix (NASDAQ:NFLX) traded up 0.41% during mid-day trading on Friday, reaching $152.38. 6,794,349 shares of the company’s stock were exchanged. The stock has a market cap of $65.67 billion, a PE ratio of 197.13 and a beta of 0.96. Netflix has a one year low of $84.50 and a one year high of $166.87. The company has a 50 day moving average price of $158.46 and a 200-day moving average price of $142.46.
Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, April 17th. The Internet television network reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. Netflix had a net margin of 3.55% and a return on equity of 12.73%. The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter in the previous year, the company earned $0.06 earnings per share. The company’s revenue for the quarter was up 34.7% compared to the same quarter last year. On average, analysts predict that Netflix will post $1.04 EPS for the current year.
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In other news, Director Richard N. Barton sold 1,000 shares of the stock in a transaction on Tuesday, April 18th. The shares were sold at an average price of $147.39, for a total value of $147,390.00. Following the sale, the director now owns 8,012 shares of the company’s stock, valued at $1,180,888.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Reed Hastings sold 89,502 shares of the stock in a transaction on Monday, March 20th. The shares were sold at an average price of $145.66, for a total transaction of $13,036,861.32. Following the completion of the sale, the chief executive officer now directly owns 89,502 shares in the company, valued at approximately $13,036,861.32. The disclosure for this sale can be found here. In the last three months, insiders sold 404,383 shares of company stock worth $60,894,497. Insiders own 4.90% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Credit Agricole S A increased its stake in shares of Netflix by 6.2% in the fourth quarter. Credit Agricole S A now owns 128,627 shares of the Internet television network’s stock valued at $15,924,000 after buying an additional 7,481 shares in the last quarter. Bayesian Capital Management LP purchased a new stake in shares of Netflix during the fourth quarter valued at $1,504,000. Gideon Capital Advisors Inc. purchased a new stake in shares of Netflix during the fourth quarter valued at $240,000. Massmutual Trust Co. FSB ADV purchased a new stake in shares of Netflix during the fourth quarter valued at $248,000. Finally, Brown Advisory Inc. increased its stake in shares of Netflix by 4.6% in the fourth quarter. Brown Advisory Inc. now owns 7,252 shares of the Internet television network’s stock valued at $898,000 after buying an additional 316 shares in the last quarter. 82.78% of the stock is currently 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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