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.