Netflix, Inc. (NFLX) Given a $235.00 Price Target by Atlantic Securities Analysts

Atlantic Securities set a $235.00 price objective on Netflix, Inc. (NASDAQ:NFLX) in a research report released on Tuesday morning. The firm currently has a buy rating on the Internet television network’s stock.

A number of other equities research analysts have also recently commented on the stock. Credit Suisse Group set a $209.00 target price on shares of Netflix and gave the company a neutral rating in a report on Tuesday. Robert W. Baird reaffirmed a neutral rating and issued a $190.00 target price (up from $175.00) on shares of Netflix in a report on Tuesday. Cantor Fitzgerald set a $235.00 target price on shares of Netflix and gave the company a buy rating in a report on Tuesday. SunTrust Banks, Inc. set a $175.00 target price on shares of Netflix and gave the company a hold rating in a report on Monday. Finally, CIBC reaffirmed an outperform rating and issued a $245.00 target price (up from $215.00) on shares of Netflix in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirty-three have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $199.03.

Netflix (NASDAQ:NFLX) traded down 1.7575% during trading on Tuesday, hitting $195.9742. The company’s stock had a trading volume of 7,323,700 shares. The firm has a market cap of $84.61 billion, a PE ratio of 238.4114 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 has a one year low of $98.38 and a one year high of $200.82.

Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). Netflix had a net margin of 4.04% and a return on equity of 15.06%. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.97 billion. During the same period in the previous year, the company posted $0.12 earnings per share. Netflix’s quarterly revenue was up 30.3% on a year-over-year basis. On average, equities analysts forecast that Netflix will post $1.25 earnings per share for the current year.

WARNING: “Netflix, Inc. (NFLX) Given a $235.00 Price Target by Atlantic Securities Analysts” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/18/netflix-inc-nflx-given-a-235-00-price-target-by-atlantic-securities-analysts.html.

In other Netflix news, 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 value of $331,440.00. Following the completion of the sale, the director now directly owns 8,012 shares of the company’s stock, valued at $1,327,748.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Leslie J. Kilgore sold 868 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $202.00, for a total transaction of $175,336.00. The disclosure for this sale can be found here. Insiders sold 305,288 shares of company stock valued at $55,168,715 over the last three months. Insiders own 4.90% of the company’s stock.

A number of hedge funds have recently bought and sold shares of NFLX. Almanack Investment Partners LLC. bought a new stake in Netflix in the second quarter worth approximately $101,000. TD Capital Management LLC bought a new stake in Netflix in the second quarter worth approximately $105,000. SRS Capital Advisors Inc. grew its position in Netflix by 3,361.9% in the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock worth $107,000 after acquiring an additional 706 shares in the last quarter. Harfst & Associates Inc. bought a new stake in Netflix in the first quarter worth approximately $109,000. Finally, Aviance Capital Management LLC bought a new stake in Netflix in the second quarter worth approximately $13

A number of other equities research analysts have also recently commented on the stock. Credit Suisse Group set a $209.00 target price on shares of Netflix and gave the company a neutral rating in a report on Tuesday. Robert W. Baird reaffirmed a neutral rating and issued a $190.00 target price (up from $175.00) on shares of Netflix in a report on Tuesday. Cantor Fitzgerald set a $235.00 target price on shares of Netflix and gave the company a buy rating in a report on Tuesday. SunTrust Banks, Inc. set a $175.00 target price on shares of Netflix and gave the company a hold rating in a report on Monday. Finally, CIBC reaffirmed an outperform rating and issued a $245.00 target price (up from $215.00) on shares of Netflix in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirty-three have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $199.03.

Netflix (NASDAQ:NFLX) traded down 1.7575% during trading on Tuesday, hitting $195.9742. The company’s stock had a trading volume of 7,323,700 shares. The firm has a market cap of $84.61 billion, a PE ratio of 238.4114 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 has a one year low of $98.38 and a one year high of $200.82.

Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). Netflix had a net margin of 4.04% and a return on equity of 15.06%. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.97 billion. During the same period in the previous year, the company posted $0.12 earnings per share. Netflix’s quarterly revenue was up 30.3% on a year-over-year basis. On average, equities analysts forecast that Netflix will post $1.25 earnings per share for the current year.

WARNING: “Netflix, Inc. (NFLX) Given a $235.00 Price Target by Atlantic Securities Analysts” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/18/netflix-inc-nflx-given-a-235-00-price-target-by-atlantic-securities-analysts.html.

In other Netflix news, 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 value of $331,440.00. Following the completion of the sale, the director now directly owns 8,012 shares of the company’s stock, valued at $1,327,748.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Leslie J. Kilgore sold 868 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $202.00, for a total transaction of $175,336.00. The disclosure for this sale can be found here. Insiders sold 305,288 shares of company stock valued at $55,168,715 over the last three months. Insiders own 4.90% of the company’s stock.

A number of hedge funds have recently bought and sold shares of NFLX. Almanack Investment Partners LLC. bought a new stake in Netflix in the second quarter worth approximately $101,000. TD Capital Management LLC bought a new stake in Netflix in the second quarter worth approximately $105,000. SRS Capital Advisors Inc. grew its position in Netflix by 3,361.9% in the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock worth $107,000 after acquiring an additional 706 shares in the last quarter. Harfst & Associates Inc. bought a new stake in Netflix in the first quarter worth approximately $109,000. Finally, Aviance Capital Management LLC bought a new stake in Netflix in the second quarter worth approximately $137,000. 81.02% of the stock is owned by institutional investors.

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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