The Netflix Inc. (NFLX) Receives New Coverage from Analysts at Deutsche Bank AG

The Netflix Inc. (NFLX) Receives New Coverage from Analysts at Deutsche Bank AG

Deutsche Bank AG initiated coverage on shares of Netflix Inc. (NASDAQ:NFLX) in a research note released on Monday. The brokerage issued a sell rating and a $90.00 price target on the Internet television network’s stock. The analysts noted that the move was a valuation call.

Several other research analysts have also weighed in on the company. Jefferies Group reaffirmed a hold rating and issued a $120.00 target price on shares of Netflix in a research report on Monday, July 11th. Cantor Fitzgerald reiterated a buy rating on shares of Netflix in a report on Sunday, August 14th. FBR & Co reiterated a market perform rating and issued a $90.00 price target (down from $104.00) on shares of Netflix in a report on Sunday, July 17th. Piper Jaffray Cos. reiterated an overweight rating and issued a $122.00 price target on shares of Netflix in a report on Tuesday, July 12th. Finally, Vetr downgraded Netflix from a strong-buy rating to a buy rating and set a $102.41 price target for the company. in a report on Wednesday, July 27th. Eight investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-eight have assigned a buy rating to the stock. Netflix currently has an average rating of Hold and an average target price of $110.32.

Shares of Netflix (NASDAQ:NFLX) opened at 100.23 on Monday. The company’s 50 day moving average is $98.81 and its 200 day moving average is $96.40. Netflix has a one year low of $79.95 and a one year high of $133.27. The company has a market capitalization of $42.97 billion, a price-to-earnings ratio of 313.22 and a beta of 1.14.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, July 18th. The Internet television network reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.07. The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.11 billion. Netflix had a return on equity of 5.59% and a net margin of 1.85%. The business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period last year, the company posted $0.06 EPS. Equities research analysts predict that Netflix will post $0.28 earnings per share for the current year.

In other Netflix news, Director Jay C. Hoag purchased 600,000 shares of Netflix stock in a transaction on Monday, July 25th. The shares were acquired at an average cost of $86.43 per share, for a total transaction of $51,858,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard N. Barton sold 700 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $93.87, for a total transaction of $65,709.00. Following the transaction, the director now owns 15,562 shares in the company, valued at $1,460,804.94. The disclosure for this sale can be found here. 4.90% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. NN Investment Partners Holdings N.V. acquired a new position in shares of Netflix during the first quarter worth approximately $2,142,000. Menta Capital LLC boosted its position in shares of Netflix by 225.0% in the first quarter. Menta Capital LLC now owns 10,833 shares of the Internet television network’s stock worth $1,107,000 after buying an additional 7,500 shares during the last quarter. M&T Bank Corp boosted its position in shares of Netflix by 5.6% in the first quarter. M&T Bank Corp now owns 32,482 shares of the Internet television network’s stock worth $3,320,000 after buying an additional 1,737 shares during the last quarter. Cannell Peter B & Co Inc boosted its position in shares of Netflix by 15.5% in the first quarter. Cannell Peter B & Co Inc now owns 4,465 shares of the Internet television network’s stock worth $456,000 after buying an additional 600 shares during the last quarter. Finally, Aviva PLC boosted its position in shares of Netflix by 2.0% in the first quarter. Aviva PLC now owns 224,856 shares of the Internet television network’s stock worth $22,987,000 after buying an additional 4,389 shares during the last quarter. Institutional investors and hedge funds own 78.43% of the company’s stock.

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