Netflix, Inc. (NFLX) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Netflix, Inc. (NASDAQ:NFLX) from a hold rating to a buy rating in a research report report published on Friday morning. The brokerage currently has $207.00 target price on the Internet television network’s stock.

According to Zacks, “Netflix is benefitting from its focus on original programming and international expansion. The recent increase in monthly subscriptions price for the U.S. consumers will drive Netflix’s top-line. The strength in content portfolio will help it to gain more subscribers across the globe. Going ahead, the company expects to add 0.75 million subscribers in the domestic streaming segment and 3.65 million subscribers in the international segment in the third quarter. The company’s efforts to attract viewers through investing in more regional programming should also boost user base. Plus, the company expects to report profits from International operations in the third quarter. In the past one year, Netflix shares have vastly outperformed the industry. Estimates have remained stable ahead of the upcoming earnings release. But, investments in original/acquired content remain a drag on profitability.”

Several other analysts have also weighed in on the stock. CIBC reiterated an outperform rating and issued a $215.00 price objective (up previously from $200.00) on shares of Netflix in a research note on Friday. Oppenheimer Holdings, Inc. lifted their price objective on shares of Netflix from $200.00 to $215.00 and gave the company an outperform rating in a research note on Friday. Jefferies Group LLC lifted their price objective on shares of Netflix to $180.00 and gave the company a hold rating in a research note on Friday. Vetr lowered shares of Netflix from a buy rating to a hold rating and set a $189.32 price objective for the company. in a research note on Wednesday, October 4th. Finally, Piper Jaffray Companies reiterated an overweight rating and issued a $215.00 price objective on shares of Netflix in a research note on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirty-one have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $187.13.

Shares of Netflix (NFLX) opened at 198.02 on Friday. The firm has a 50-day moving average of $178.79 and a 200 day moving average of $163.66. The company has a market cap of $85.49 billion, a P/E ratio of 240.90 and a beta of 1.09. Netflix has a 52 week low of $97.63 and a 52 week high of $198.92.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The business’s revenue was up 32.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.09 EPS. Equities analysts anticipate that Netflix will post $1.17 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This news story was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/09/netflix-inc-nflx-upgraded-at-zacks-investment-research.html.

In related news, Director Richard N. Barton sold 2,000 shares of the business’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $169.18, for a total value of $338,360.00. Following the transaction, the director now directly owns 8,012 shares of the company’s stock, valued at approximately $1,355,470.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Reed Hastings sold 109,214 shares of the business’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $188.61, for a total transaction of $20,598,852.54. Following the completion of the transaction, the chief executive officer now directly owns 109,214 shares in the company, valued at $20,598,852.54. The disclosure for this sale can be found here. Insiders sold a total of 316,067 shares of company stock worth $56,923,386 over the last three months. 4.90% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the stock. Crow Point Partners LLC purchased a new position in shares of Netflix in the 3rd quarter worth about $189,000. Intl Fcstone Inc. purchased a new position in shares of Netflix in the 2nd quarter worth about $278,000. Navellier & Associates Inc purchased a new position in shares of Netflix in the 2nd quarter worth about $492,000. USA Financial Portformulas Corp purchased a new position in shares of Netflix in the 2nd quarter worth about $6,229,000. Finally, Toronto Dominion Bank boosted its holdings in shares of Netflix by 25.7% in the 2nd quarter. Toronto Dominion Bank now owns 146,001 shares of the Internet television network’s stock worth $21,810,000 after buying an additional 29,867 shares during the last quarter. 81.02% of the stock is currently owned by 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 tha

According to Zacks, “Netflix is benefitting from its focus on original programming and international expansion. The recent increase in monthly subscriptions price for the U.S. consumers will drive Netflix’s top-line. The strength in content portfolio will help it to gain more subscribers across the globe. Going ahead, the company expects to add 0.75 million subscribers in the domestic streaming segment and 3.65 million subscribers in the international segment in the third quarter. The company’s efforts to attract viewers through investing in more regional programming should also boost user base. Plus, the company expects to report profits from International operations in the third quarter. In the past one year, Netflix shares have vastly outperformed the industry. Estimates have remained stable ahead of the upcoming earnings release. But, investments in original/acquired content remain a drag on profitability.”

Several other analysts have also weighed in on the stock. CIBC reiterated an outperform rating and issued a $215.00 price objective (up previously from $200.00) on shares of Netflix in a research note on Friday. Oppenheimer Holdings, Inc. lifted their price objective on shares of Netflix from $200.00 to $215.00 and gave the company an outperform rating in a research note on Friday. Jefferies Group LLC lifted their price objective on shares of Netflix to $180.00 and gave the company a hold rating in a research note on Friday. Vetr lowered shares of Netflix from a buy rating to a hold rating and set a $189.32 price objective for the company. in a research note on Wednesday, October 4th. Finally, Piper Jaffray Companies reiterated an overweight rating and issued a $215.00 price objective on shares of Netflix in a research note on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirty-one have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $187.13.

Shares of Netflix (NFLX) opened at 198.02 on Friday. The firm has a 50-day moving average of $178.79 and a 200 day moving average of $163.66. The company has a market cap of $85.49 billion, a P/E ratio of 240.90 and a beta of 1.09. Netflix has a 52 week low of $97.63 and a 52 week high of $198.92.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The business’s revenue was up 32.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.09 EPS. Equities analysts anticipate that Netflix will post $1.17 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This news story was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/09/netflix-inc-nflx-upgraded-at-zacks-investment-research.html.

In related news, Director Richard N. Barton sold 2,000 shares of the business’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $169.18, for a total value of $338,360.00. Following the transaction, the director now directly owns 8,012 shares of the company’s stock, valued at approximately $1,355,470.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Reed Hastings sold 109,214 shares of the business’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $188.61, for a total transaction of $20,598,852.54. Following the completion of the transaction, the chief executive officer now directly owns 109,214 shares in the company, valued at $20,598,852.54. The disclosure for this sale can be found here. Insiders sold a total of 316,067 shares of company stock worth $56,923,386 over the last three months. 4.90% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the stock. Crow Point Partners LLC purchased a new position in shares of Netflix in the 3rd quarter worth about $189,000. Intl Fcstone Inc. purchased a new position in shares of Netflix in the 2nd quarter worth about $278,000. Navellier & Associates Inc purchased a new position in shares of Netflix in the 2nd quarter worth about $492,000. USA Financial Portformulas Corp purchased a new position in shares of Netflix in the 2nd quarter worth about $6,229,000. Finally, Toronto Dominion Bank boosted its holdings in shares of Netflix by 25.7% in the 2nd quarter. Toronto Dominion Bank now owns 146,001 shares of the Internet television network’s stock worth $21,810,000 after buying an additional 29,867 shares during the last quarter. 81.02% of the stock is currently owned by 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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