Netflix, Inc. (NASDAQ:NFLX) had its price target hoisted by investment analysts at Oppenheimer Holdings, Inc. from $200.00 to $215.00 in a research report issued to clients and investors on Friday. The firm presently has an “outperform” rating on the Internet television network’s stock. Oppenheimer Holdings, Inc.’s price target would suggest a potential upside of 8.57% from the stock’s current price. Oppenheimer Holdings also issued estimates for Netflix’s Q4 2017 earnings at $0.24 EPS, Q1 2018 earnings at $0.37 EPS, Q2 2018 earnings at $0.43 EPS, Q3 2018 earnings at $0.55 EPS, Q4 2018 earnings at $0.61 EPS, FY2020 earnings at $5.57 EPS and FY2021 earnings at $7.75 EPS.
NFLX has been the topic of a number of other reports. Raymond James Financial, Inc. reissued an “outperform” rating and set a $205.00 target price (up from $165.00) on shares of Netflix in a report on Tuesday, July 18th. Cantor Fitzgerald reissued an “overweight” rating and set a $190.00 target price on shares of Netflix in a report on Thursday, July 13th. Vetr raised Netflix from a “strong sell” rating to a “sell” rating and set a $177.49 target price on the stock in a report on Tuesday, September 19th. MKM Partners boosted their target price on Netflix from $195.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $200.00 target price (up from $175.00) on shares of Netflix in a report on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirty-one have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $185.18.
Shares of Netflix (NFLX) opened at 198.02 on Friday. The company has a market capitalization of $85.49 billion, a PE ratio of 240.90 and a beta of 1.09. The stock has a 50 day moving average price of $178.79 and a 200 day moving average price of $163.66. Netflix has a 52-week low of $97.63 and a 52-week high of $198.92. Netflix also was the target of unusually large options trading on Thursday. Traders acquired 122,784 call options on the company. This is an increase of 283% compared to the average volume of 32,078 call options.
Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The firm’s revenue was up 32.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 earnings per share. On average, analysts predict that Netflix will post $1.17 earnings per share for the current fiscal year.
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In other news, insider Jonathan Friedland sold 3,622 shares of the firm’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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 transaction, the chief executive officer now owns 109,214 shares in the company, valued at approximately $20,598,852.54. The disclosure for this sale can be found here. Insiders sold 316,067 shares of company stock worth $56,923,386 in the last 90 days. Corporate insiders own 4.90% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Almanack Investment Partners LLC. bought a new position in shares of Netflix in the second quarter valued at approximately $101,000. TD Capital Management LLC bought a new stake in Netflix during the second quarter worth $105,000. Appropriate Balance Financial Services Inc. lifted its holdings in Netflix by 5.6% during the second quarter. Appropriate Balance Financial Services Inc. now owns 702 shares of the Internet television network’s stock worth $4,701,000 after acquiring an additional 37 shares during the period. SRS Capital Advisors Inc. lifted its holdings in Netflix by 3,361.9% during the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock worth $107,000 after acquiring an additional 706 shares during the period. Finally, Harfst & Associates Inc. bought a new stake in Netflix during the first quarter worth $109,000. Institutional investors own 81.03% 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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