Netflix, Inc. (NFLX) Given Outperform Rating at Royal Bank of Canada

Royal Bank of Canada reissued their outperform rating on shares of Netflix, Inc. (NASDAQ:NFLX) in a research note issued to investors on Monday. They currently have a $175.00 price target on the Internet television network’s stock.

NFLX has been the topic of a number of other reports. Zacks Investment Research lowered Netflix from a buy rating to a hold rating in a research note on Tuesday, March 7th. FBR & Co lifted their price target on Netflix from $100.00 to $144.00 and gave the company a mkt perform rating in a research note on Thursday, January 19th. Robert W. Baird reissued a neutral rating and set a $138.00 price target (up from $120.00) on shares of Netflix in a research note on Thursday, January 19th. BMO Capital Markets lifted their price target on Netflix from $115.00 to $150.00 and gave the company a market perform rating in a research note on Thursday, January 19th. Finally, Stifel Nicolaus lifted their price target on Netflix from $140.00 to $150.00 and gave the company a buy rating in a research note on Wednesday, December 21st. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-six have assigned a buy rating to the stock. Netflix presently has an average rating of Buy and a consensus target price of $145.35.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

Shares of Netflix (NASDAQ:NFLX) opened at 141.18 on Monday. The stock has a 50 day moving average of $143.46 and a 200 day moving average of $130.69. Netflix has a 52 week low of $84.50 and a 52 week high of $148.29. The firm has a market cap of $60.77 billion, a P/E ratio of 328.33 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its earnings results on Monday, April 17th. The Internet television network reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.03. Netflix had a return on equity of 7.51% and a net margin of 2.11%. The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter in the previous year, the business posted $0.06 earnings per share. The business’s revenue for the quarter was up 34.7% on a year-over-year basis. Analysts anticipate that Netflix will post $1.05 earnings per share for the current fiscal year.

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In other Netflix news, Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction dated Wednesday, April 19th. The stock was sold at an average price of $145.38, for a total value of $290,760.00. Following the transaction, the director now directly owns 8,012 shares in the company, valued at approximately $1,164,784.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard N. Barton sold 1,000 shares of the company’s stock in a transaction dated Tuesday, April 18th. The stock was sold at an average price of $147.39, for a total value of $147,390.00. Following the completion of the transaction, the director now owns 8,012 shares in the company, valued at $1,180,888.68. The disclosure for this sale can be found here. Insiders have sold a total of 236,281 shares of company stock worth $34,047,161 in the last three months. 4.90% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the company. Regal Investment Advisors LLC acquired a new position in shares of Netflix during the third quarter worth $1,363,000. Great West Life Assurance Co. Can raised its position in shares of Netflix by 4.0% in the third quarter. Great West Life Assurance Co. Can now owns 415,255 shares of the Internet television network’s stock worth $40,922,000 after buying an additional 15,957 shares in the last quarter. Brighton Jones LLC acquired a new position in shares of Netflix during the third quarter worth $1,379,000. Concert Wealth Management Inc. raised its position in shares of Netflix by 73.6% in the third quarter. Concert Wealth Management Inc. now owns 16,552 shares of the Internet television network’s stock worth $1,622,000 after buying an additional 7,017 shares in the last quarter. Finally, Nwam LLC raised its position in shares of Netflix by 8.2% in the third quarter. Nwam LLC now owns 4,042 shares of the Internet television network’s stock worth $398,000 after buying an additional 308 shares in the last quarter. Institutional investors and hedge funds own 80.42% of the company’s stock.

Netflix Company Profile

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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