Netflix’s (NFLX) “Hold” Rating Reaffirmed at Argus

Argus restated their hold rating on shares of Netflix, Inc. (NASDAQ:NFLX) in a report issued on Tuesday morning.

NFLX has been the topic of a number of other reports. Sanford C. Bernstein set a $203.00 price target on shares of Netflix and gave the stock a buy rating in a research report on Wednesday, August 30th. Canaccord Genuity boosted their price target on shares of Netflix from $165.00 to $175.00 and gave the stock a buy rating in a research report on Friday, June 16th. Morgan Stanley restated an overweight rating and set a $185.00 price target (up from $175.00) on shares of Netflix in a research report on Thursday, July 13th. Royal Bank Of Canada restated an outperform rating and set a $175.00 price target on shares of Netflix in a research report on Friday, June 16th. Finally, Vetr downgraded shares of Netflix from a sell rating to a strong sell rating and set a $162.49 price target on the stock. in a research report on Monday, September 18th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and thirty-one have issued a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $187.79.

Shares of Netflix (NASDAQ:NFLX) traded down 0.05% on Tuesday, hitting $194.98. 1,730,183 shares of the stock were exchanged. The firm has a market cap of $84.18 billion, a price-to-earnings ratio of 237.78 and a beta of 1.09. Netflix has a one year low of $97.63 and a one year high of $199.40. The firm’s 50 day moving average price is $180.46 and its 200 day moving average price is $164.75.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.01). The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The company’s revenue for the quarter was up 32.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.09 earnings per share. Equities analysts anticipate that Netflix will post $1.18 earnings per share for the current year.

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In other news, insider Gregory K. Peters sold 12,768 shares of the company’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $177.38, for a total value of $2,264,787.84. Following the sale, the insider now owns 19,208 shares of the company’s stock, valued at approximately $3,407,115.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $169.18, for a total transaction of $338,360.00. Following the completion of the sale, the director now directly owns 8,012 shares in the company, valued at approximately $1,355,470.16. The disclosure for this sale can be found here. Insiders sold a total of 316,067 shares of company stock worth $56,923,386 in the last three months. Insiders own 4.90% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC bought a new stake in shares of Netflix in the 2nd quarter worth about $1,045,000. Calamos Advisors LLC grew its holdings in shares of Netflix by 198.5% in the 2nd quarter. Calamos Advisors LLC now owns 208,945 shares of the Internet television network’s stock worth $31,218,000 after purchasing an additional 138,945 shares during the last quarter. Alps Advisors Inc. bought a new stake in shares of Netflix in the 2nd quarter worth about $262,000. Guardian Life Insurance Co. of America grew its holdings in shares of Netflix by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock worth $245,000 after purchasing an additional 11 shares during the last quarter. Finally, Teachers Advisors LLC grew its holdings in shares of Netflix by 2.0% in the 1st quarter. Teachers Advisors LLC now owns 1,300,531 shares of the Internet television network’s stock worth $192,231,000 after purchasing an additional 25,266 shares during the last quarter. 81.02% of the stock is currently owned by institutional investors and hedge funds.

About Netflix

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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