Finance

Netflix's (NFLX) Buy Rating Reaffirmed at MKM Partners

Netflix's (NFLX) Buy Rating Reaffirmed at MKM Partners

Several brokerages have issued reports on NFLX. The stock gained 6.16 percent over the past month and rose 57.47 percent year-to-date. The Internet television network reported $0.15 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.16 by ($0.01). JPMorgan also reaffirmed its overweight rating on Friday and raised its price target for Netflix shares to $225 from a previous $210. Pivotal Research maintained the stock with "Buy" rating in Tuesday, July 18 report.

The firm has just set a PT of $230.00 on Netflix Inc (NDAQ:NFLX) shares.

Netflix has increased the prices for new subscribers at a rate of 10 per cent per year since 2014, the analyst noted, and still has been able to increase its subscriber base to more than 50 million from 34 million. Loop Capital boosted their price objective on Netflix from $212.00 to $228.00 and gave the company a "buy" rating in a research report on Monday. Netflix, Inc. has a 52-week low of $98.38 and a 52-week high of $200.82. The firm has a market capitalization of $71.19 billion, a PE ratio of 213.69 and a beta of 1.27.

Netflix, Inc. (NFLX) stock price rose 93.81 percent over the past one year, while increased 35.54 percent during the past 6 months. Netflix had a net margin of 3.55% and a return on equity of 12.82%.

The company's diluted EPS for trailing twelve months was 0.82.

Quarterly Revenue Growth on year-over-year basis stands at 32.3 percent. Equities research analysts expect that Netflix will post $1.18 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This story was originally reported by Week Herald and is the sole property of of Week Herald. If you are viewing this article on another domain, it was stolen and reposted in violation of worldwide copyright and trademark laws. BARTON RICHARD N had sold 2,000 shares worth $318,160 on Wednesday, May 10. The shares were sold at an average price of $177.38, for a total transaction of $2,264,787.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The shares were sold at an average price of $188.61, for a total value of $20,598,852.54. The disclosure for this sale can be found here. (NASDAQ:NFLX) was sold by Peters Gregory K. The insider HASTINGS REED sold 101,815 shares worth $16.00M.

The company now has an insider ownership of 0.1 Percent and Institutional ownership of 81 Percent.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. He believes Netflix beat subscriber estimates for the third quarter and that it will do so again for the fourth 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 in the last quarter. Guardian Life Insurance Co. of America grew its holdings in Netflix by 0.7% during the 1st quarter. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network's stock valued at $298,000 after buying an additional 12 shares during the period. The stock is trading at $198.48 marginally over $181.96, the 50 day moving average and which is significantly higher than the 200 day moving average of $165.19. After posting $0.15 EPS for the previous quarter, Netflix, Inc.'s analysts now forecast 113.33 % EPS growth. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network's stock worth $298,000 after purchasing an additional 12 shares during the last quarter.

Click to Enlarge Turning to the options pits, we find more lingering Netflix stock price bears. Kalos Management Inc. now owns 1,621 shares of the Internet television network's stock worth $242,000 after acquiring an additional 12 shares during the period. The Firm operates through three divisions: Domestic streaming, worldwide streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and global copyright and trademark law.


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