Today, Nomura Reaffirms “Buy” Rating for Netflix Inc. (NFLX)

Today, Nomura Reaffirms “Buy” Rating for Netflix Inc. (NFLX)

Nomura restated their buy rating on shares of Netflix Inc. (NASDAQ:NFLX) in a report published on Thursday. The firm currently has a $110.00 price objective on the Internet television network’s stock.

Other equities research analysts also recently issued reports about the stock. Vetr upgraded shares of Netflix from a hold rating to a buy rating and set a $102.90 price objective for the company in a research note on Tuesday, September 20th. Cantor Fitzgerald reiterated a buy rating on shares of Netflix in a research note on Friday, September 9th. FBR & Co reiterated a market perform rating and set a $90.00 price objective on shares of Netflix in a research note on Thursday, September 15th. Wedbush set a $45.00 price objective on shares of Netflix and gave the stock a sell rating in a research note on Thursday, October 13th. Finally, RBC Capital Markets reiterated an outperform rating and set a $130.00 price objective on shares of Netflix in a research note on Monday, August 29th. Seven equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $113.50.

Shares of Netflix (NASDAQ:NFLX) opened at 99.80 on Thursday. The stock has a market cap of $42.79 billion, a price-to-earnings ratio of 311.88 and a beta of 1.14. Netflix has a 52 week low of $79.95 and a 52 week high of $133.27. The firm has a 50-day moving average price of $98.99 and a 200-day moving average price of $96.28.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, October 17th. The Internet television network reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.06. Netflix had a net margin of 1.85% and a return on equity of 5.59%. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period in the previous year, the company earned $0.07 earnings per share. The business’s revenue for the quarter was up 31.7% on a year-over-year basis. On average, equities analysts anticipate that Netflix will post $0.28 earnings per share for the current year.

In other Netflix news, Director Richard N. Barton sold 1,400 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $93.58, for a total transaction of $131,012.00. Following the completion of the sale, the director now directly owns 15,562 shares of the company’s stock, valued at $1,456,291.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jay C. Hoag bought 600,000 shares of the company’s stock in a transaction dated Monday, July 25th. The stock was acquired at an average price of $86.43 per share, for a total transaction of $51,858,000.00. The disclosure for this purchase can be found here. 4.90% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the stock. Cornerstone Advisors Inc. increased its position in shares of 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 in the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in shares of Netflix during the second quarter worth $124,000. Quadrant Capital Group LLC increased its position in shares of 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 in the last quarter. Coconut Grove Bank increased its position in shares of 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 in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position in shares of 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 in the last quarter. Institutional investors own 78.41% of the company’s stock.

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