Netflix, Inc. (NASDAQ:NFLX) received a $230.00 price objective from analysts at Sanford C. Bernstein in a research report issued to clients and investors on Thursday. The firm currently has a “buy” rating on the Internet television network’s stock. Sanford C. Bernstein’s price target suggests a potential upside of 17.98% from the company’s current price.
Several other analysts also recently issued reports on the company. Morgan Stanley set a $210.00 target price on Netflix and gave the company a “buy” rating in a research note on Tuesday, July 18th. Vetr downgraded Netflix from a “hold” rating to a “sell” rating and set a $165.09 target price on the stock. in a research note on Wednesday, August 30th. Rosenblatt Securities raised Netflix from a “neutral” rating to a “buy” rating and lifted their target price for the company from $155.00 to $200.00 in a research note on Tuesday, July 18th. BidaskClub raised Netflix from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $200.00 target price (up previously from $170.00) on shares of Netflix in a research note on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating and thirty have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $189.39.
Shares of Netflix (NASDAQ NFLX) traded up 0.1810% on Thursday, hitting $195.3028. The stock had a trading volume of 5,398,594 shares. The firm has a 50-day moving average price of $181.19 and a 200-day moving average price of $164.97. Netflix has a 52 week low of $97.63 and a 52 week high of $199.40. The stock has a market capitalization of $84.32 billion, a P/E ratio of 237.5946 and a beta of 1.09.
Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01). The business had revenue of $2.79 billion for 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 firm’s revenue for the quarter was up 32.3% compared to the same quarter last year. During the same period last year, the business posted $0.09 EPS. Equities analysts expect that Netflix will post $1.18 earnings per share for the current fiscal year.
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In related news, Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $165.72, for a total transaction of $331,440.00. Following the transaction, the director now directly owns 8,012 shares of the company’s stock, valued at approximately $1,327,748.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction, the insider now directly owns 19,208 shares in the company, valued at $3,407,115.04. The disclosure for this sale can be found here. Insiders have sold a total of 316,067 shares of company stock worth $56,923,386 over the last ninety days. 4.90% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC purchased a new stake in Netflix during the 2nd quarter valued at about $1,045,000. Calamos Advisors LLC grew its stake in Netflix by 198.5% during the 2nd quarter. Calamos Advisors LLC now owns 208,945 shares of the Internet television network’s stock valued at $31,218,000 after purchasing an additional 138,945 shares during the last quarter. Alps Advisors Inc. purchased a new stake in Netflix during the 2nd quarter valued at about $262,000. Guardian Life Insurance Co. of America grew its stake in Netflix by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock valued at $245,000 after purchasing an additional 11 shares during the last quarter. Finally, Teachers Advisors LLC grew its stake in Netflix by 2.0% during the 1st quarter. Teachers Advisors LLC now owns 1,300,531 shares of the Internet television network’s stock valued at $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.
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.
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