Netflix Inc. (NASDAQ:NFLX) was upgraded by research analysts at Vetr from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The firm presently has a $106.17 price target on the Internet television network’s stock. Vetr‘s price objective points to a potential upside of 6.75% from the company’s current price.
Other analysts have also issued research reports about the stock. Cantor Fitzgerald reiterated a “buy” rating on shares of Netflix in a research report on Friday, September 9th. FBR & Co reiterated a “market perform” rating and issued a $90.00 target price on shares of Netflix in a research report on Thursday, September 15th. RBC Capital Markets reiterated an “outperform” rating and issued a $130.00 target price on shares of Netflix in a research report on Monday, August 29th. Jefferies Group reiterated an “underperform” rating and issued a $76.00 target price on shares of Netflix in a research report on Friday, September 23rd. Finally, Zacks Investment Research upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a research report on Monday, September 26th. Eight equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $110.32.
Netflix (NASDAQ:NFLX) opened at 99.50 on Tuesday. Netflix has a one year low of $79.95 and a one year high of $133.27. The company’s 50-day moving average is $98.66 and its 200 day moving average is $96.37. The company has a market capitalization of $42.66 billion, a P/E ratio of 310.94 and a beta of 1.14.
Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, July 18th. The Internet television network reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.07. The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.11 billion. Netflix had a net margin of 1.85% and a return on equity of 5.59%. The firm’s revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the business earned $0.06 earnings per share. On average, equities analysts anticipate that Netflix will post $0.28 earnings per share for the current year.
In other news, Director Jay C. Hoag acquired 600,000 shares of the company’s stock in a transaction dated Monday, July 25th. The shares were bought at an average price of $86.43 per share, for a total transaction of $51,858,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 2,800 shares of Netflix stock in a transaction that occurred on Thursday, October 6th. The shares were sold at an average price of $104.27, for a total transaction of $291,956.00. Following the sale, the director now owns 15,254 shares in the company, valued at approximately $1,590,534.58. The disclosure for this sale can be found here. 4.90% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the stock. Cornerstone Advisors Inc. increased its stake in Netflix by 25.6% in the second quarter. Cornerstone Advisors Inc. now owns 1,118 shares of the Internet television network’s stock worth $102,000 after buying an additional 228 shares during the last quarter. Signature Estate & Investment Advisors LLC bought a new stake in Netflix during the second quarter worth $124,000. Quadrant Capital Group LLC increased its stake in Netflix by 15.1% in the second quarter. Quadrant Capital Group LLC now owns 1,475 shares of the Internet television network’s stock worth $126,000 after buying an additional 194 shares during the last quarter. Coconut Grove Bank increased its stake in Netflix by 1.7% in the second quarter. Coconut Grove Bank now owns 1,526 shares of the Internet television network’s stock worth $140,000 after buying an additional 26 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake in Netflix by 15.3% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,690 shares of the Internet television network’s stock worth $155,000 after buying an additional 224 shares during the last quarter. Institutional investors own 78.43% of the company’s stock.
Netflix Company Profile
Netflix, Inc (Netflix) is a provider of Internet television network. The Company’s members can watch original series, documentaries and feature films in Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content.