Netflix, Inc. (NFLX) Receives Buy Rating from Buckingham Research

Buckingham Research reaffirmed their buy rating on shares of Netflix, Inc. (NASDAQ:NFLX) in a report published on Monday. They currently have a $214.00 target price on the Internet television network’s stock.

Other equities research analysts have also recently issued reports about the stock. Canaccord Genuity raised their price target on shares of Netflix from $165.00 to $175.00 and gave the stock a buy rating in a research note on Friday, June 16th. Vetr raised shares of Netflix from a hold rating to a buy rating and set a $168.81 price target on the stock in a research note on Monday, June 12th. MKM Partners reaffirmed a buy rating and set a $195.00 price target on shares of Netflix in a research note on Monday, July 10th. Goldman Sachs Group, Inc. (The) set a $175.00 price target on shares of Netflix and gave the stock a buy rating in a research note on Wednesday, June 28th. Finally, Guggenheim reaffirmed a buy rating and set a $180.00 price target (up from $175.00) on shares of Netflix in a research note on Tuesday, June 20th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirty-one have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $187.47.

Netflix (NFLX) opened at 196.87 on Monday. The firm has a 50-day moving average of $179.65 and a 200 day moving average of $164.37. Netflix has a 12-month low of $97.63 and a 12-month high of $199.40. The firm has a market capitalization of $85.00 billion, a price-to-earnings ratio of 239.50 and a beta of 1.09.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analyst estimates of $2.76 billion. During the same period 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. On average, equities analysts predict that Netflix will post $1.18 EPS for the current year.

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In other news, CEO Reed Hastings sold 109,214 shares of the company’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $188.61, for a total value of $20,598,852.54. Following the transaction, the chief executive officer now owns 109,214 shares in the company, valued at approximately $20,598,852.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $165.72, for a total value of $331,440.00. Following the completion of the transaction, the director now owns 8,012 shares in the company, valued at approximately $1,327,748.64. The disclosure for this sale can be found here. Insiders sold a total of 316,067 shares of company stock worth $56,923,386 in the last quarter. 4.90% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of NFLX. Tower Research Capital LLC TRC bought a new stake in shares of Netflix in the 2nd quarter valued at approximately $1,045,000. Calamos Advisors LLC grew its stake in shares of Netflix by 198.5% in the 2nd quarter. Calamos Advisors LLC now owns 208,945 shares of the Internet television network’s stock valued at $31,218,000 after buying an additional 138,945 shares in the last quarter. Alps Advisors Inc. bought a new stake in shares of Netflix in the 2nd quarter valued at approximately $262,000. Guardian Life Insurance Co. of America grew its stake in shares of Netflix by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock valued at $245,000 after buying an additional 11 shares in the last quarter. Finally, Teachers Advisors LLC grew its stake in shares of Netflix by 2.0% in the 1st quarter. Teachers Advisors LLC now owns 1,30

Other equities research analysts have also recently issued reports about the stock. Canaccord Genuity raised their price target on shares of Netflix from $165.00 to $175.00 and gave the stock a buy rating in a research note on Friday, June 16th. Vetr raised shares of Netflix from a hold rating to a buy rating and set a $168.81 price target on the stock in a research note on Monday, June 12th. MKM Partners reaffirmed a buy rating and set a $195.00 price target on shares of Netflix in a research note on Monday, July 10th. Goldman Sachs Group, Inc. (The) set a $175.00 price target on shares of Netflix and gave the stock a buy rating in a research note on Wednesday, June 28th. Finally, Guggenheim reaffirmed a buy rating and set a $180.00 price target (up from $175.00) on shares of Netflix in a research note on Tuesday, June 20th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirty-one have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $187.47.

Netflix (NFLX) opened at 196.87 on Monday. The firm has a 50-day moving average of $179.65 and a 200 day moving average of $164.37. Netflix has a 12-month low of $97.63 and a 12-month high of $199.40. The firm has a market capitalization of $85.00 billion, a price-to-earnings ratio of 239.50 and a beta of 1.09.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analyst estimates of $2.76 billion. During the same period 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. On average, equities analysts predict that Netflix will post $1.18 EPS for the current year.

WARNING: This article was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another publication, it was stolen and reposted in violation of US & international copyright and trademark laws. The original version of this article can be accessed at https://ledgergazette.com/2017/10/10/netflix-inc-nflx-receives-buy-rating-from-buckingham-research.html.

In other news, CEO Reed Hastings sold 109,214 shares of the company’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $188.61, for a total value of $20,598,852.54. Following the transaction, the chief executive officer now owns 109,214 shares in the company, valued at approximately $20,598,852.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $165.72, for a total value of $331,440.00. Following the completion of the transaction, the director now owns 8,012 shares in the company, valued at approximately $1,327,748.64. The disclosure for this sale can be found here. Insiders sold a total of 316,067 shares of company stock worth $56,923,386 in the last quarter. 4.90% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of NFLX. Tower Research Capital LLC TRC bought a new stake in shares of Netflix in the 2nd quarter valued at approximately $1,045,000. Calamos Advisors LLC grew its stake in shares of Netflix by 198.5% in the 2nd quarter. Calamos Advisors LLC now owns 208,945 shares of the Internet television network’s stock valued at $31,218,000 after buying an additional 138,945 shares in the last quarter. Alps Advisors Inc. bought a new stake in shares of Netflix in the 2nd quarter valued at approximately $262,000. Guardian Life Insurance Co. of America grew its stake in shares of Netflix by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock valued at $245,000 after buying an additional 11 shares in the last quarter. Finally, Teachers Advisors LLC grew its stake in shares of Netflix by 2.0% in the 1st quarter. Teachers Advisors LLC now owns 1,300,531 shares of the Internet television network’s stock valued at $192,231,000 after buying an additional 25,266 shares in the last quarter. Institutional investors own 81.02% of the company’s stock.

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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