Netflix, Inc. (NFLX) PT Set at $132.00 by Societe Generale

Netflix, Inc. (NASDAQ:NFLX) has been given a $132.00 price objective by equities research analysts at Societe Generale in a research report issued to clients and investors on Wednesday. The brokerage presently has a “sell” rating on the Internet television network’s stock. Societe Generale’s price target would suggest a potential downside of 33.83% from the stock’s previous close.

Several other analysts also recently commented on NFLX. Guggenheim reissued a “buy” rating and issued a $180.00 target price (up from $175.00) on shares of Netflix in a research report on Tuesday, June 20th. Goldman Sachs Group, Inc. (The) set a $175.00 price objective on shares of Netflix and gave the stock a “buy” rating in a research note on Wednesday, June 28th. Jefferies Group LLC restated a “hold” rating and issued a $141.00 price objective on shares of Netflix in a research note on Wednesday, June 28th. Vetr upgraded shares of Netflix from a “buy” rating to a “strong-buy” rating and set a $168.95 price objective for the company in a research note on Thursday, June 29th. Finally, MKM Partners restated a “buy” rating and issued a $195.00 price objective on shares of Netflix in a research note on Monday, July 10th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirty-three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $199.03.

Shares of Netflix (NASDAQ NFLX) traded down 1.61% during trading on Wednesday, hitting $196.26. 3,992,836 shares of the stock were exchanged. The stock’s 50 day moving average is $183.35 and its 200-day moving average is $165.87. Netflix has a 12-month low of $98.38 and a 12-month high of $200.82. The stock has a market cap of $84.74 billion, a price-to-earnings ratio of 238.76 and a beta of 1.09.

Netflix (NASDAQ:NFLX) last posted 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). The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.97 billion. Netflix had a return on equity of 15.06% and a net margin of 4.04%. The business’s revenue was up 30.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.12 earnings per share. Equities research analysts anticipate that Netflix will post $1.19 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Netflix, Inc. (NFLX) PT Set at $132.00 by Societe Generale” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this piece of content can be viewed at https://ledgergazette.com/2017/10/18/netflix-inc-nflx-pt-set-at-132-00-by-societe-generale.html.

In other Netflix news, CEO Reed Hastings sold 109,214 shares of the business’s stock in a transaction that occurred on 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 directly owns 109,214 shares of the company’s stock, valued at $20,598,852.54. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard N. Barton sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $187.79, for a total value of $187,790.00. Following the completion of the transaction, the director now directly owns 7,198 shares in the company, valued at $1,351,712.42. The disclosure for this sale can be found here. Over the last three months, insiders sold 305,288 shares of company stock worth $55,168,715. Insiders own 4.90% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of NFLX. Vanguard Group Inc. raised its position in shares of Netflix by 2.9% during 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 purchasing an additional 789,190 shares during the period. BlackRock Inc. raised its position in shares of Netflix by 1.7% during the second quarter. BlackRock Inc. now owns 25,663,728 shares of the Internet television network’s stock worth $3,834,416,000 after purchasing an additional 423,968 shares during the period. FMR LLC raised its position in shares of Netflix by 12.4% during the second quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock worth $3,531,042,000 after purchasing an additional 2,605,731 shares during the period. State Street Corp raised its position in shares of Netflix by 2.7% during 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 purchasing an additional 463,143 shares during the period. Finally, Jennison Associates LLC raised its position in shares of Net

Several other analysts also recently commented on NFLX. Guggenheim reissued a “buy” rating and issued a $180.00 target price (up from $175.00) on shares of Netflix in a research report on Tuesday, June 20th. Goldman Sachs Group, Inc. (The) set a $175.00 price objective on shares of Netflix and gave the stock a “buy” rating in a research note on Wednesday, June 28th. Jefferies Group LLC restated a “hold” rating and issued a $141.00 price objective on shares of Netflix in a research note on Wednesday, June 28th. Vetr upgraded shares of Netflix from a “buy” rating to a “strong-buy” rating and set a $168.95 price objective for the company in a research note on Thursday, June 29th. Finally, MKM Partners restated a “buy” rating and issued a $195.00 price objective on shares of Netflix in a research note on Monday, July 10th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirty-three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $199.03.

Shares of Netflix (NASDAQ NFLX) traded down 1.61% during trading on Wednesday, hitting $196.26. 3,992,836 shares of the stock were exchanged. The stock’s 50 day moving average is $183.35 and its 200-day moving average is $165.87. Netflix has a 12-month low of $98.38 and a 12-month high of $200.82. The stock has a market cap of $84.74 billion, a price-to-earnings ratio of 238.76 and a beta of 1.09.

Netflix (NASDAQ:NFLX) last posted 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). The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.97 billion. Netflix had a return on equity of 15.06% and a net margin of 4.04%. The business’s revenue was up 30.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.12 earnings per share. Equities research analysts anticipate that Netflix will post $1.19 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Netflix, Inc. (NFLX) PT Set at $132.00 by Societe Generale” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this piece of content can be viewed at https://ledgergazette.com/2017/10/18/netflix-inc-nflx-pt-set-at-132-00-by-societe-generale.html.

In other Netflix news, CEO Reed Hastings sold 109,214 shares of the business’s stock in a transaction that occurred on 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 directly owns 109,214 shares of the company’s stock, valued at $20,598,852.54. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard N. Barton sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $187.79, for a total value of $187,790.00. Following the completion of the transaction, the director now directly owns 7,198 shares in the company, valued at $1,351,712.42. The disclosure for this sale can be found here. Over the last three months, insiders sold 305,288 shares of company stock worth $55,168,715. Insiders own 4.90% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of NFLX. Vanguard Group Inc. raised its position in shares of Netflix by 2.9% during 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 purchasing an additional 789,190 shares during the period. BlackRock Inc. raised its position in shares of Netflix by 1.7% during the second quarter. BlackRock Inc. now owns 25,663,728 shares of the Internet television network’s stock worth $3,834,416,000 after purchasing an additional 423,968 shares during the period. FMR LLC raised its position in shares of Netflix by 12.4% during the second quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock worth $3,531,042,000 after purchasing an additional 2,605,731 shares during the period. State Street Corp raised its position in shares of Netflix by 2.7% during 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 purchasing an additional 463,143 shares during the period. Finally, Jennison Associates LLC raised its position in shares of Netflix by 14.0% during 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 purchasing an additional 1,814,056 shares during the period. 81.02% of the stock is currently owned by hedge funds and other 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.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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