Netflix’s (NFLX) “Hold” Rating Reiterated at Robert W. Baird
Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “hold” rating reaffirmed by stock analysts at Robert W. Baird in a note issued to investors on Friday. They presently have a $175.00 target price on the Internet television network’s stock. Robert W. Baird’s target price suggests a potential upside of 0.17% from the stock’s current price.
A number of other analysts also recently weighed in on NFLX. Vetr raised shares of Netflix from a “sell” rating to a “hold” rating and set a $165.75 price target for the company in a report on Thursday, August 10th. MKM Partners reissued a “buy” rating and issued a $195.00 price target on shares of Netflix in a report on Monday, July 10th. J P Morgan Chase & Co reissued a “buy” rating on shares of Netflix in a report on Wednesday, August 9th. KeyCorp reissued a “buy” rating and issued a $190.00 price target on shares of Netflix in a report on Friday, August 25th. Finally, Zacks Investment Research raised shares of Netflix from a “hold” rating to a “buy” rating and set a $173.00 price target for the company in a report on Thursday, July 13th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $178.07.
Netflix (NFLX) opened at 174.71 on Friday. The firm has a 50-day moving average of $174.94 and a 200-day moving average of $156.49. Netflix has a one year low of $93.26 and a one year high of $191.50. The firm has a market cap of $75.43 billion, a price-to-earnings ratio of 212.54 and a beta of 1.02. Netflix also was the target of unusually large options trading activity on Wednesday. Traders purchased 58,939 call options on the stock. This is an increase of 141% compared to the average daily volume of 24,487 call options.
Netflix (NASDAQ:NFLX) last posted 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. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. Netflix had a return on equity of 12.82% and a net margin of 3.55%. Netflix’s quarterly revenue was up 32.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.09 earnings per share. Analysts anticipate that Netflix will post $1.19 EPS for the current year.
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In related news, insider Gregory K. Peters sold 12,768 shares of the business’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $177.38, for a total value of $2,264,787.84. Following the completion of the sale, the insider now owns 19,208 shares in the company, valued at approximately $3,407,115.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard N. Barton sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $154.31, for a total value of $308,620.00. Following the completion of the sale, the director now owns 8,012 shares of the company’s stock, valued at approximately $1,236,331.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 346,435 shares of company stock valued at $58,698,991. Corporate insiders own 4.90% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Guardian Life Insurance Co. of America increased its stake in 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. Alps Advisors Inc. purchased a new stake in Netflix during the second quarter worth $262,000. Teachers Advisors LLC increased its stake in 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 stake in Netflix during the first quarter worth $43,264,000. Finally, Bronfman E.L. Rothschild L.P. boosted its position in shares of Netflix by 0.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,134 shares of the Internet television network’s stock worth $168,000 after buying an additional 9 shares during the period. Institutional investors own 81.04% 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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