Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “hold” rating reiterated by stock analysts at Argus in a note issued to investors on Tuesday.
Other research analysts have also issued research reports about the stock. BMO Capital Markets reaffirmed a “market perform” rating and issued a $180.00 target price (up previously from $150.00) on shares of Netflix in a research note on Tuesday, July 18th. Needham & Company LLC reaffirmed a “hold” rating on shares of Netflix in a research note on Tuesday, July 18th. Bank of America Corporation reaffirmed a “buy” rating and issued a $199.00 target price (up previously from $184.00) on shares of Netflix in a research note on Tuesday, July 18th. Vetr raised shares of Netflix from a “sell” rating to a “hold” rating and set a $165.09 target price on the stock in a research note on Wednesday, August 16th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $141.00 target price on shares of Netflix in a research note on Wednesday, June 28th. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and thirty-one have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $188.82.
Shares of Netflix (NFLX) opened at 194.95 on Tuesday. The company has a 50 day moving average of $181.19 and a 200-day moving average of $164.97. Netflix has a 12-month low of $97.63 and a 12-month high of $199.40. The company has a market capitalization of $84.17 billion, a P/E ratio of 237.17 and a beta of 1.09.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Netflix had a return on equity of 12.82% and a net margin of 3.55%. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the prior year, the company earned $0.09 EPS. The firm’s revenue was up 32.3% compared to the same quarter last year. On average, equities analysts anticipate that Netflix will post $1.18 EPS for the current fiscal year.
In other news, Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $169.18, for a total transaction of $338,360.00. Following the transaction, the director now directly owns 8,012 shares of the company’s stock, valued at $1,355,470.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan Friedland sold 3,622 shares of the company’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $194.89, for a total value of $705,891.58. 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 90 days. Company insiders own 4.90% of the company’s stock.
Several large investors have recently modified their holdings of the company. Crow Point Partners LLC acquired a new position in shares of Netflix during the third quarter worth approximately $189,000. Intl Fcstone Inc. acquired a new position in shares of Netflix during the second quarter worth approximately $278,000. Navellier & Associates Inc acquired a new position in shares of Netflix during the second quarter worth approximately $492,000. USA Financial Portformulas Corp acquired a new position in shares of Netflix during the second quarter worth approximately $6,229,000. Finally, Toronto Dominion Bank raised its position in shares of Netflix by 25.7% during the second quarter. Toronto Dominion Bank now owns 146,001 shares of the Internet television network’s stock worth $21,810,000 after purchasing an additional 29,867 shares during the period. 81.02% of the stock is currently owned by institutional investors.
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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