Netflix’s (NFLX) “Buy” Rating Reiterated at Loop Capital
Loop Capital reaffirmed their buy rating on shares of Netflix, Inc. (NASDAQ:NFLX) in a research report sent to investors on Thursday morning. Loop Capital currently has a $212.00 price target on the Internet television network’s stock, up from their prior price target of $205.00.
A number of other analysts have also recently commented on the stock. SunTrust Banks, Inc. restated a hold rating and set a $175.00 price target on shares of Netflix in a research note on Thursday. Robert W. Baird reaffirmed a hold rating and set a $175.00 target price on shares of Netflix in a report on Friday, September 1st. Vetr lowered shares of Netflix from a hold rating to a sell rating and set a $165.09 target price on the stock. in a report on Wednesday, August 30th. Sanford C. Bernstein set a $203.00 target price on shares of Netflix and gave the stock a buy rating in a report on Wednesday, August 30th. Finally, KeyCorp reaffirmed a buy rating and set a $190.00 target price on shares of Netflix in a report on Friday, August 25th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-seven have issued a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $178.23.
Netflix (NASDAQ NFLX) opened at 176.42 on Thursday. Netflix has a one year low of $93.26 and a one year high of $191.50. The company has a market capitalization of $76.17 billion, a PE ratio of 214.62 and a beta of 1.05. The stock’s 50 day moving average is $175.71 and its 200 day moving average is $157.73.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The business’s quarterly revenue was up 32.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 earnings per share. On average, analysts anticipate that Netflix will post $1.19 earnings per share for the current fiscal year.
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In related news, Director Richard N. Barton sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $154.31, for a total value of $308,620.00. Following the transaction, the director now owns 8,012 shares of the company’s stock, valued at $1,236,331.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jonathan Friedland sold 2,496 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $182.17, for a total transaction of $454,696.32. Following the completion of the transaction, the insider now directly owns 1,232 shares in the company, valued at approximately $224,433.44. The disclosure for this sale can be found here. In the last three months, insiders sold 349,435 shares of company stock worth $59,221,491. 4.90% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Alps Advisors Inc. purchased a new position in shares of Netflix in the second quarter worth approximately $262,000. Guardian Life Insurance Co. of America boosted its holdings in shares of Netflix by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock worth $245,000 after buying an additional 11 shares during the last quarter. Teachers Advisors LLC boosted its holdings in shares of Netflix by 2.0% in the first quarter. Teachers Advisors LLC now owns 1,300,531 shares of the Internet television network’s stock worth $192,231,000 after buying an additional 25,266 shares during the last quarter. Banco Santander S.A. purchased a new position in shares of Netflix in the first quarter worth approximately $43,264,000. Finally, Calamos Advisors LLC boosted its holdings in shares of Netflix by 198.5% in the second quarter. Calamos Advisors LLC now owns 208,945 shares of the Internet television network’s stock worth $31,218,000 after buying an additional 138,945 shares during the last quarter. 81.05% of the stock is currently owned by institutional investors.
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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