Trade Report: The Netflix Inc. (NFLX) Research Coverage Started at Deutsche Bank AG

The Netflix Inc. (NFLX) Research Coverage Started at Deutsche Bank AG

Research analysts at Deutsche Bank AG assumed coverage on shares of Netflix Inc. (NASDAQ:NFLX) in a note issued to investors on Monday, The Fly reports. The firm set a “sell” rating on the Internet television network’s stock.

Several other research analysts have also weighed in on NFLX. FBR & Co reaffirmed a “market perform” rating and set a $90.00 target price on shares of Netflix in a research note on Wednesday, October 5th. SunTrust Banks Inc. reaffirmed a “neutral” rating and set a $100.00 target price on shares of Netflix in a research note on Wednesday, October 5th. Loop Capital began coverage on shares of Netflix in a research note on Tuesday, October 4th. They set a “buy” rating and a $125.00 target price for the company. Robert W. Baird reaffirmed a “neutral” rating and set a $94.00 target price on shares of Netflix in a research note on Tuesday, October 4th. Finally, Zacks Investment Research lowered shares of Netflix from a “buy” rating to a “hold” rating in a research note on Tuesday, October 4th. Eight research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-seven have assigned a buy rating to the company. Netflix presently has a consensus rating of “Hold” and an average target price of $110.97.

Netflix (NASDAQ:NFLX) opened at 104.82 on Monday. The company’s 50 day moving average is $98.20 and its 200 day moving average is $96.33. The company has a market cap of $44.94 billion, a price-to-earnings ratio of 327.56 and a beta of 1.14. Netflix has a 1-year low of $79.95 and a 1-year high of $133.27.

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Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, July 18th. The Internet television network reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.07. Netflix had a net margin of 1.85% and a return on equity of 5.59%. The firm earned $2.11 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same period last year, the business earned $0.06 earnings per share. Netflix’s revenue was up 19.5% compared to the same quarter last year. Equities research analysts forecast that Netflix will post $0.28 EPS for the current year.

In other news, CEO Reed Hastings sold 116,431 shares of the company’s stock in a transaction dated Thursday, July 21st. The shares were sold at an average price of $86.59, for a total transaction of $10,081,760.29. Following the completion of the transaction, the chief executive officer now owns 116,431 shares of the company’s stock, valued at approximately $10,081,760.29. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 cost of $86.43 per share, with a total value of $51,858,000.00. The disclosure for this purchase can be found here. 4.90% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Foundry Partners LLC increased its position in Netflix by 7.2% in the third quarter. Foundry Partners LLC now owns 9,631 shares of the Internet television network’s stock worth $949,000 after buying an additional 646 shares in the last quarter. Fulton Bank N.A. increased its position in Netflix by 0.3% in the third quarter. Fulton Bank N.A. now owns 4,450 shares of the Internet television network’s stock worth $439,000 after buying an additional 12 shares in the last quarter. Eqis Capital Management Inc. increased its position in Netflix by 5.2% in the third quarter. Eqis Capital Management Inc. now owns 27,694 shares of the Internet television network’s stock worth $2,729,000 after buying an additional 1,380 shares in the last quarter. Macquarie Group Ltd. increased its position in Netflix by 34.9% in the second quarter. Macquarie Group Ltd. now owns 115,690 shares of the Internet television network’s stock worth $10,583,000 after buying an additional 29,915 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in Netflix during the second quarter worth approximately $1,582,000. 78.43% of the stock is owned by institutional investors.

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.

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