Buckingham Research Initiates Coverage on Netflix, Inc. (NFLX)

Buckingham Research initiated coverage on shares of Netflix, Inc. (NASDAQ:NFLX) in a research report released on Thursday, Marketbeat reports. The firm issued a buy rating and a $214.00 price target on the Internet television network’s stock.

A number of other equities research analysts have also commented on the company. Morgan Stanley set a $210.00 price target on Netflix and gave the company a buy rating in a research report on Tuesday, July 18th. Vetr lowered Netflix from a hold rating to a sell rating and set a $165.09 price target for the company. in a research report on Wednesday, August 30th. Sanford C. Bernstein reissued an outperform rating and issued a $203.00 price target (up from $178.00) on shares of Netflix in a research report on Tuesday, July 18th. Rosenblatt Securities raised Netflix from a neutral rating to a buy rating and increased their price target for the company from $155.00 to $200.00 in a research report on Tuesday, July 18th. Finally, BidaskClub raised Netflix from a hold rating to a buy rating in a research report on Sunday, July 16th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Netflix presently has a consensus rating of Buy and an average price target of $178.90.

Netflix (NASDAQ:NFLX) opened at 187.35 on Thursday. The firm has a market capitalization of $80.89 billion, a P/E ratio of 227.92 and a beta of 1.05. The company’s 50-day moving average is $175.28 and its 200-day moving average is $160.06. Netflix has a one year low of $94.04 and a one year high of $191.50.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share (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 firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the prior year, the business earned $0.09 earnings per share. Netflix’s revenue for the quarter was up 32.3% on a year-over-year basis. Equities analysts forecast that Netflix will post $1.17 earnings per share for the current fiscal year.

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In other Netflix news, Director Richard N. Barton sold 2,000 shares of the business’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $169.18, for a total value of $338,360.00. Following the sale, the director now directly owns 8,012 shares of the company’s stock, valued at $1,355,470.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard N. Barton sold 1,000 shares of the business’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $156.62, for a total value of $156,620.00. Following the completion of the sale, the director now directly owns 8,012 shares in the company, valued at $1,254,839.44. The disclosure for this sale can be found here. Insiders have sold 311,325 shares of company stock worth $55,912,478 over the last 90 days. 4.90% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Bronfman E.L. Rothschild L.P. boosted its holdings 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 acquiring an additional 9 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in Netflix by 0.6% in the second 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 in the last quarter. Guardian Life Insurance Co. of America boosted its holdings 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 acquiring an additional 11 shares in the last quarter. M Holdings Securities Inc. boosted its holdings in Netflix by 0.5% in the first 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 in the last quarter. Finally, Heritage Investors Management Corp boosted its holdings in Netflix by 0.6% in the second 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 in the last quarter. 81.03% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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