BMO Capital Markets reaffirmed their market perform rating on shares of Netflix, Inc. (NASDAQ:NFLX) in a research note issued to investors on Tuesday morning. BMO Capital Markets currently has a $180.00 price objective on the Internet television network’s stock, up from their prior price objective of $150.00.
Other equities analysts have also recently issued reports about the company. UBS AG reaffirmed a buy rating and issued a $175.00 target price on shares of Netflix in a report on Wednesday, April 19th. Loop Capital increased their price target on Netflix from $162.00 to $172.00 and gave the stock an outperform rating in a research note on Wednesday, April 19th. Citigroup Inc. increased their price target on Netflix from $160.00 to $180.00 and gave the stock a neutral rating in a research note on Tuesday. Jefferies Group LLC reiterated a hold rating and issued a $165.00 price target (up previously from $141.00) on shares of Netflix in a research note on Tuesday. Finally, J P Morgan Chase & Co increased their price target on Netflix from $178.00 to $210.00 and gave the stock an overweight rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-nine have given a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $169.38.
Netflix (NASDAQ:NFLX) traded up 0.15% during mid-day trading on Tuesday, reaching $183.87. The company’s stock had a trading volume of 13,669,986 shares. The firm has a market cap of $79.32 billion, a PE ratio of 223.69 and a beta of 0.98. The company has a 50-day moving average price of $156.86 and a 200-day moving average price of $147.88. Netflix has a 12-month low of $85.01 and a 12-month high of $187.17. Netflix also saw unusually large options trading on Monday. Investors bought 105,623 call options on the company. This is an increase of 271% compared to the average volume of 28,474 call options.
Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. Netflix had a return on equity of 13.28% and a net margin of 3.55%. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the prior year, the business posted $0.09 earnings per share. Netflix’s revenue for the quarter was up 32.3% compared to the same quarter last year. On average, equities research analysts expect that Netflix will post $1.15 earnings per share for the current year.
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In related news, Director Richard N. Barton sold 2,000 shares of the business’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $169.18, for a total transaction of $338,360.00. Following the completion of the transaction, the director now directly owns 8,012 shares in the company, valued at $1,355,470.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard N. Barton sold 1,000 shares of the business’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $156.62, for a total transaction of $156,620.00. Following the transaction, the director now owns 8,012 shares of the company’s stock, valued at $1,254,839.44. The disclosure for this sale can be found here. Insiders have sold 420,458 shares of company stock valued at $64,107,103 over the last 90 days. 4.90% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of NFLX. Guardian Life Insurance Co. of America increased its position in Netflix by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock worth $245,000 after buying an additional 11 shares in the last quarter. Teachers Advisors LLC increased its position in Netflix by 2.0% in the first quarter. Teachers Advisors LLC now owns 1,300,531 shares of the Internet television network’s stock worth $192,231,000 after buying an additional 25,266 shares in the last quarter. Banco Santander S.A. acquired a new position in Netflix during the first quarter worth about $43,264,000. Bronfman E.L. Rothschild L.P. increased its position in Netflix by 0.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,134 shares of the Internet television network’s stock worth $168,000 after buying an additional 9 shares in the last quarter. Finally, Twin Capital Management Inc. increased its position in Netflix by 0.8% in the first quarter. Twin Capital Management Inc. now owns 16,900 shares of the Internet television network’s stock worth $2,498,000 after buying an additional 130 shares in the last quarter. Institutional investors own 82.77% of the company’s stock.
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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