Netflix’s (NFLX) “Buy” Rating Reiterated at Guggenheim

Guggenheim reiterated their buy rating on shares of Netflix, Inc. (NASDAQ:NFLX) in a report published on Friday morning. They currently have a $225.00 target price on the Internet television network’s stock, up from their prior target price of $210.00.

NFLX has been the topic of several other reports. Sanford C. Bernstein set a $203.00 target price on shares of Netflix and gave the company a buy rating in a report on Wednesday, August 30th. Canaccord Genuity raised their target price on shares of Netflix from $165.00 to $175.00 and gave the company a buy rating in a report on Friday, June 16th. Morgan Stanley reissued an overweight rating and issued a $185.00 target price (up from $175.00) on shares of Netflix in a report on Thursday, July 13th. Royal Bank Of Canada reissued an outperform rating and issued a $175.00 target price on shares of Netflix in a report on Friday, June 16th. Finally, Vetr lowered shares of Netflix from a sell rating to a strong sell rating and set a $162.49 target price on the stock. in a report on Monday, September 18th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirty-one have given a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $187.13.

Netflix (NFLX) opened at 198.02 on Friday. Netflix has a 52-week low of $97.63 and a 52-week high of $198.92. The firm has a 50-day moving average of $178.79 and a 200-day moving average of $163.66. The firm has a market capitalization of $85.49 billion, a price-to-earnings ratio of 240.90 and a beta of 1.09.

Netflix (NASDAQ:NFLX) last released its earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). Netflix had a net margin of 3.55% and a return on equity of 12.82%. The firm 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 earned $0.09 earnings per share. Netflix’s quarterly revenue was up 32.3% compared to the same quarter last year. On average, equities research analysts forecast that Netflix will post $1.17 EPS for the current fiscal year.

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In other Netflix news, Director Leslie J. Kilgore sold 903 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $194.00, for a total value of $175,182.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jonathan Friedland sold 2,496 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $182.17, for a total value of $454,696.32. Following the completion of the sale, the insider now directly owns 1,232 shares of the company’s stock, valued at approximately $224,433.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 316,067 shares of company stock worth $56,923,386. 4.90% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Netflix by 2.9% in the second quarter. Vanguard Group Inc. now owns 27,950,272 shares of the Internet television network’s stock worth $4,176,049,000 after buying an additional 789,190 shares in the last quarter. BlackRock Inc. boosted its stake in Netflix by 1.7% in the second quarter. BlackRock Inc. now owns 25,663,728 shares of the Internet television network’s stock worth $3,834,416,000 after buying an additional 423,968 shares in the last quarter. FMR LLC boosted its stake in Netflix by 12.4% in the second quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock worth $3,531,042,000 after buying an additional 2,605,731 shares in the last quarter. State Street Corp boosted its stake in Netflix by 2.7% in the first quarter. State Street Corp now owns 17,535,737 shares of the Internet television network’s stock worth $2,591,946,000 after buying an additional 463,143 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in Netflix by 14.0% in the second quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet telev

NFLX has been the topic of several other reports. Sanford C. Bernstein set a $203.00 target price on shares of Netflix and gave the company a buy rating in a report on Wednesday, August 30th. Canaccord Genuity raised their target price on shares of Netflix from $165.00 to $175.00 and gave the company a buy rating in a report on Friday, June 16th. Morgan Stanley reissued an overweight rating and issued a $185.00 target price (up from $175.00) on shares of Netflix in a report on Thursday, July 13th. Royal Bank Of Canada reissued an outperform rating and issued a $175.00 target price on shares of Netflix in a report on Friday, June 16th. Finally, Vetr lowered shares of Netflix from a sell rating to a strong sell rating and set a $162.49 target price on the stock. in a report on Monday, September 18th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirty-one have given a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $187.13.

Netflix (NFLX) opened at 198.02 on Friday. Netflix has a 52-week low of $97.63 and a 52-week high of $198.92. The firm has a 50-day moving average of $178.79 and a 200-day moving average of $163.66. The firm has a market capitalization of $85.49 billion, a price-to-earnings ratio of 240.90 and a beta of 1.09.

Netflix (NASDAQ:NFLX) last released its earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). Netflix had a net margin of 3.55% and a return on equity of 12.82%. The firm 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 earned $0.09 earnings per share. Netflix’s quarterly revenue was up 32.3% compared to the same quarter last year. On average, equities research analysts forecast that Netflix will post $1.17 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This article was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright law. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/09/netflixs-nflx-buy-rating-reiterated-at-guggenheim.html.

In other Netflix news, Director Leslie J. Kilgore sold 903 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $194.00, for a total value of $175,182.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jonathan Friedland sold 2,496 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $182.17, for a total value of $454,696.32. Following the completion of the sale, the insider now directly owns 1,232 shares of the company’s stock, valued at approximately $224,433.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 316,067 shares of company stock worth $56,923,386. 4.90% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Netflix by 2.9% in the second quarter. Vanguard Group Inc. now owns 27,950,272 shares of the Internet television network’s stock worth $4,176,049,000 after buying an additional 789,190 shares in the last quarter. BlackRock Inc. boosted its stake in Netflix by 1.7% in the second quarter. BlackRock Inc. now owns 25,663,728 shares of the Internet television network’s stock worth $3,834,416,000 after buying an additional 423,968 shares in the last quarter. FMR LLC boosted its stake in Netflix by 12.4% in the second quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock worth $3,531,042,000 after buying an additional 2,605,731 shares in the last quarter. State Street Corp boosted its stake in Netflix by 2.7% in the first quarter. State Street Corp now owns 17,535,737 shares of the Internet television network’s stock worth $2,591,946,000 after buying an additional 463,143 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in Netflix by 14.0% in the second quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network’s stock worth $2,208,891,000 after buying an additional 1,814,056 shares in the last quarter. 81.02% of the stock is 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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