Morgan Stanley Analysts Give Netflix, Inc. (NFLX) a $235.00 Price Target

Netflix, Inc. (NASDAQ:NFLX) has been assigned a $235.00 target price by Morgan Stanley in a report released on Tuesday. The brokerage currently has a “buy” rating on the Internet television network’s stock. Morgan Stanley’s price objective suggests a potential upside of 16.00% from the company’s previous close.

Several other research firms have also recently issued reports on NFLX. BMO Capital Markets reaffirmed a “market perform” rating and issued a $180.00 price target (up previously from $150.00) on shares of Netflix in a report on Tuesday, July 18th. Needham & Company LLC reaffirmed a “hold” rating on shares of Netflix in a report on Tuesday, July 18th. Bank of America Corporation reaffirmed a “buy” rating and issued a $199.00 price target (up previously from $184.00) on shares of Netflix in a report on Tuesday, July 18th. Vetr raised Netflix from a “sell” rating to a “hold” rating and set a $165.09 price target on the stock in a report on Wednesday, August 16th. Finally, SunTrust Banks, Inc. set a $175.00 price target on Netflix and gave the company a “hold” rating in a report on Monday. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and thirty-three have issued a buy rating to the stock. Netflix currently has a consensus rating of “Buy” and an average target price of $198.50.

Netflix (NASDAQ NFLX) traded down 1.3576% during trading on Tuesday, reaching $199.9285. The company had a trading volume of 13,920,695 shares. Netflix has a 52-week low of $98.38 and a 52-week high of $204.38. The firm has a market capitalization of $86.32 billion, a P/E ratio of 243.2220 and a beta of 1.09. The company has a 50-day moving average of $183.35 and a 200-day moving average of $165.87.

Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). Netflix had a return on equity of 12.82% and a net margin of 3.55%. The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same period in the previous year, the firm earned $0.12 EPS. Netflix’s revenue for the quarter was up 30.3% on a year-over-year basis. Analysts expect that Netflix will post $1.19 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Morgan Stanley Analysts Give Netflix, Inc. (NFLX) a $235.00 Price Target” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright & trademark law. The original version of this piece of content can be read at https://ledgergazette.com/2017/10/17/morgan-stanley-analysts-give-netflix-inc-nflx-a-235-00-price-target.html.

In other news, insider Jonathan Friedland sold 2,496 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $182.17, for a total value of $454,696.32. Following the completion of the transaction, the insider now directly owns 1,232 shares in the company, valued at approximately $224,433.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard N. Barton sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $165.72, for a total transaction of $331,440.00. Following the completion of the transaction, the director now owns 8,012 shares of the company’s stock, valued at $1,327,748.64. The disclosure for this sale can be found here. Insiders sold a total of 303,299 shares of company stock valued at $54,712,558 over the last 90 days. Corporate insiders own 4.90% of the company’s stock.

Several large investors have recently modified their holdings of the company. Crow Point Partners LLC acquired a new position in shares of Netflix in the 3rd quarter valued at approximately $189,000. Intl Fcstone Inc. acquired a new position in shares of Netflix in the 2nd quarter valued at approximately $278,000. Navellier & Associates Inc acquired a new position in Netflix during the 2nd quarter worth approximately $492,000. USA Financial Portformulas Corp acquired a new position in Netflix during the 2nd quarter worth approximately $6,229,000. Finally, Toronto Dominion Bank increased its position in Netflix by 25.7% d

Several other research firms have also recently issued reports on NFLX. BMO Capital Markets reaffirmed a “market perform” rating and issued a $180.00 price target (up previously from $150.00) on shares of Netflix in a report on Tuesday, July 18th. Needham & Company LLC reaffirmed a “hold” rating on shares of Netflix in a report on Tuesday, July 18th. Bank of America Corporation reaffirmed a “buy” rating and issued a $199.00 price target (up previously from $184.00) on shares of Netflix in a report on Tuesday, July 18th. Vetr raised Netflix from a “sell” rating to a “hold” rating and set a $165.09 price target on the stock in a report on Wednesday, August 16th. Finally, SunTrust Banks, Inc. set a $175.00 price target on Netflix and gave the company a “hold” rating in a report on Monday. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and thirty-three have issued a buy rating to the stock. Netflix currently has a consensus rating of “Buy” and an average target price of $198.50.

Netflix (NASDAQ NFLX) traded down 1.3576% during trading on Tuesday, reaching $199.9285. The company had a trading volume of 13,920,695 shares. Netflix has a 52-week low of $98.38 and a 52-week high of $204.38. The firm has a market capitalization of $86.32 billion, a P/E ratio of 243.2220 and a beta of 1.09. The company has a 50-day moving average of $183.35 and a 200-day moving average of $165.87.

Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). Netflix had a return on equity of 12.82% and a net margin of 3.55%. The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same period in the previous year, the firm earned $0.12 EPS. Netflix’s revenue for the quarter was up 30.3% on a year-over-year basis. Analysts expect that Netflix will post $1.19 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Morgan Stanley Analysts Give Netflix, Inc. (NFLX) a $235.00 Price Target” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright & trademark law. The original version of this piece of content can be read at https://ledgergazette.com/2017/10/17/morgan-stanley-analysts-give-netflix-inc-nflx-a-235-00-price-target.html.

In other news, insider Jonathan Friedland sold 2,496 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $182.17, for a total value of $454,696.32. Following the completion of the transaction, the insider now directly owns 1,232 shares in the company, valued at approximately $224,433.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard N. Barton sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $165.72, for a total transaction of $331,440.00. Following the completion of the transaction, the director now owns 8,012 shares of the company’s stock, valued at $1,327,748.64. The disclosure for this sale can be found here. Insiders sold a total of 303,299 shares of company stock valued at $54,712,558 over the last 90 days. Corporate insiders own 4.90% of the company’s stock.

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