FBR & Co boosted their price objective on Netflix from $144.00 to $145.00 and gave the company a "mkt perform" rating in a report on Tuesday, April 18th. Finally, MKM Partners restated a "buy" rating and set a $195.00 target price on shares of Netflix in a research note on Monday, July 10th. It improved, as 55 investors sold Netflix, Inc. shares while 228 reduced holdings.
Sell-side analysts have also provided a consensus recommendation of 2.30 on company shares. The stock has "Buy" rating by Loop Capital on Thursday, January 19. Netflix, Inc. (NASDAQ:NFLX) has risen 75.34% since July 17, 2016 and is uptrending.
After a recent look, shares have been seen 17.34% from the 200-day moving average, and 2.88% from the 50-day moving average.
During the second quarter, Netflix released House of Cards Season 5, Unbreakable Kimmy Schmidt, Season 3, a news season of Orange is the New Black, Master of None and season 2 of Sense8, just to name a few. The firm has a market cap of $69.44 billion, a P/E ratio of 208.43 and a beta of 0.99.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, April 17th.
The company's Average Earnings Estimate for the Current Fiscal quarter is $0.23, according to consensus of 34 analysts. Netflix had a net margin of 3.55% and a return on equity of 12.73%. The same period from a year ago had $0.09 in EPS and $2.11 billion in revenue. During the same period previous year, the firm posted $0.06 EPS.
Q2 revenue: $2.785 billion versus Wall Street forecasts of $2.76 billion.More news: Butkus, Hornung Watch Lists Announced
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Goldman Sachs has a Buy rating with a $175 price target. Following the completion of the sale, the director now owns 8,012 shares of the company's stock, valued at approximately $1,180,888.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
In related news, CEO Reed Hastings sold 91,994 shares of the company's stock in a transaction dated Thursday, April 20th. The stock was sold at an average price of $156.62, for a total value of $156,620.00.
Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. The disclosure for this sale can be found here. Insiders have sold a total of 421,458 shares of company stock valued at $64,206,893 in the last ninety days. Hedge funds and other institutional investors own 82.76% of the company's stock.
We will be adding in the numbers as soon as they come through. Shelton Capital Mngmt reported 0.33% of its portfolio in Netflix, Inc. Eqis Capital Management Inc. increased its stake in Netflix by 10.7% in the second quarter.
Netflix shares are up $14.34, or nearly 9%, at $176.01, in late trading. Baillie Gifford & Co. now owns 7,593,097 shares of the Internet television network's stock valued at $1,122,336,000 after buying an additional 234,664 shares in the last quarter. Netflix has made big bets on content domestically, but it's also had to figure out ways to grow that worldwide audience as the company has started to make a larger push there as it increasingly saturates domestic eyeballs. Finally, Mitsubishi UFJ Securities Holdings Co. FMR LLC raised its stake in Netflix by 6.6% in the first quarter. The firm owned 9,384 shares of the Internet television network's stock after buying an additional 3,126 shares during the period. Renaissance Limited Liability Company has invested 0.22% in Netflix, Inc. There's a little bit of linguistic gymnastics happening in its report today, but there is one line to note here: its global segment now accounts for around half of its total membership base, and the company expects "positive worldwide contribution profit for the full year 2017".