Netflix’s (NFLX) Buy Rating Reaffirmed at MKM Partners

MKM Partners restated their buy rating on shares of Netflix, Inc. (NASDAQ:NFLX) in a research note released on Monday. MKM Partners currently has a $230.00 price target on the Internet television network’s stock.

A number of other equities research analysts also recently commented on the company. Buckingham Research reiterated a buy rating and set a $214.00 price objective on shares of Netflix in a research report on Monday. Loop Capital increased their price objective on Netflix from $212.00 to $228.00 and gave the company a buy rating in a research report on Monday. Wedbush reiterated an underperform rating and set a $180.00 price objective (up previously from $165.00) on shares of Netflix in a research report on Sunday, October 8th. Rosenblatt Securities reiterated a buy rating and set a $225.00 price objective (up previously from $200.00) on shares of Netflix in a research report on Friday, October 6th. Finally, Guggenheim reiterated a buy rating and set a $225.00 price objective (up previously from $210.00) on shares of Netflix in a research report on Friday, October 6th. Two analysts have rated the stock with a sell rating, nineteen have given a hold rating and thirty have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $189.92.

Netflix (NFLX) traded up 1.90% during trading on Monday, reaching $199.58. The company’s stock had a trading volume of 3,972,804 shares. The firm has a 50-day moving average price of $181.96 and a 200-day moving average price of $165.19. The firm has a market capitalization of $86.17 billion, a P/E ratio of 242.80 and a beta of 1.09. Netflix has a 52 week low of $98.38 and a 52 week high of $200.82.

Netflix (NASDAQ:NFLX) last announced 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 net margin of 3.55% and a return on equity of 12.82%. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same quarter last year, the company posted $0.09 EPS. Netflix’s revenue was up 32.3% on a year-over-year basis. On average, equities analysts anticipate that Netflix will post $1.18 EPS for the current fiscal year.

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In related news, CEO Reed Hastings sold 109,214 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $188.61, for a total value of $20,598,852.54. Following the completion of the sale, the chief executive officer now owns 109,214 shares of the company’s stock, valued at $20,598,852.54. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Gregory K. Peters sold 12,768 shares of the firm’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $177.38, for a total transaction of $2,264,787.84. Following the completion of the sale, the insider now directly owns 19,208 shares of the company’s stock, valued at approximately $3,407,115.04. The disclosure for this sale can be found here. In the last three months, insiders sold 318,067 shares of company stock valued at $57,315,706. 4.90% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC grew its holdings in Netflix by 0.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock worth $229,000 after acquiring an additional 10 shares during the period. Guardian Life Insurance Co. of America grew its holdings 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 worth $245,000 after acquiring an additional 11 shares during the period. M Holdings Securities Inc. grew its holdings in Netflix by 0.5% during the 1st quarter. M Holdings Securities Inc. now owns 2,467 shares of the Internet television network’s stock worth $365,000 after acquiring an additional 12 shares during the period. Heritage Investors Management Corp grew its holdings in Netflix by 0.6% during the 2nd quarter. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network’s stock worth $298,000 after acquiring an additional 12 shares during the period. Finally, Kalos Management Inc. grew its holdings in Netflix by 0.7% during the 2nd quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock worth $242,000 after acquiring an additional 12 shares during the period. 81.02% of the stock is owned by hedge funds and other institutional investors.

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.

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