The BTIG Research Reiterates “Buy” Rating for Netflix Inc. (NFLX)

The BTIG Research Reiterates “Buy” Rating for Netflix Inc. (NFLX)

Netflix Inc. (NASDAQ:NFLX)‘s stock had its “buy” rating reissued by investment analysts at BTIG Research in a research note issued on Tuesday. They currently have a $40.00 target price on the Internet television network’s stock, down from their prior target price of $170.00. BTIG Research’s price target indicates a potential downside of 69.98% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Pivotal Research reissued a “buy” rating and set a $155.00 price target (up from $125.00) on shares of Netflix in a research report on Tuesday, October 18th. Jefferies Group reissued an “underperform” rating and set a $80.00 price target (up from $76.00) on shares of Netflix in a research report on Tuesday, October 18th. Dougherty & Co reissued a “neutral” rating on shares of Netflix in a research report on Monday, October 17th. SunTrust Banks Inc. raised their price target on shares of Netflix from $110.00 to $115.00 and gave the stock a “hold” rating in a research report on Tuesday, October 18th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $135.00 price target on shares of Netflix in a research report on Friday, December 16th. Seven investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-eight have given a buy rating to the stock. Netflix currently has a consensus rating of “Hold” and an average price target of $124.17.

Netflix (NASDAQ:NFLX) opened at 133.26 on Tuesday. The stock has a market cap of $57.19 billion, a P/E ratio of 360.16 and a beta of 1.67. The stock has a 50 day moving average of $126.10 and a 200 day moving average of $108.90. Netflix has a 12-month low of $79.95 and a 12-month high of $135.40.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Wednesday, January 18th. The Internet television network reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.02. The firm earned $2.48 billion during the quarter, compared to analyst estimates of $2.47 billion. Netflix had a net margin of 1.99% and a return on equity of 6.31%. Netflix’s revenue was up 35.9% on a year-over-year basis. During the same period last year, the firm posted $0.10 EPS. On average, equities research analysts anticipate that Netflix will post $0.41 earnings per share for the current fiscal year.

In related news, Director Richard N. Barton sold 1,400 shares of the firm’s stock in a transaction dated Monday, October 24th. The stock was sold at an average price of $127.42, for a total transaction of $178,388.00. Following the sale, the director now directly owns 16,262 shares in the company, valued at approximately $2,072,104.04. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Richard N. Barton sold 2,800 shares of the firm’s stock in a transaction dated Tuesday, October 25th. The shares were sold at an average price of $126.97, for a total value of $355,516.00. Following the sale, the director now owns 16,262 shares in the company, valued at $2,064,786.14. The disclosure for this sale can be found here. Corporate insiders own 4.90% of the company’s stock.

Several large investors have recently made changes to their positions in NFLX. Fort Point Capital Partners LLC increased its stake in shares of Netflix by 102.6% in the third quarter. Fort Point Capital Partners LLC now owns 6,176 shares of the Internet television network’s stock valued at $609,000 after buying an additional 3,128 shares during the last quarter. HighPoint Advisor Group LLC increased its stake in shares of Netflix by 243.6% in the third quarter. HighPoint Advisor Group LLC now owns 11,664 shares of the Internet television network’s stock valued at $1,342,000 after buying an additional 8,269 shares during the last quarter. D.A. Davidson & CO. raised its stake in shares of Netflix by 168.8% in the third quarter. D.A. Davidson & CO. now owns 4,099 shares of the Internet television network’s stock worth $403,000 after buying an additional 2,574 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in shares of Netflix during the third quarter worth $8,273,000. Finally, Tuttle Tactical Management LLC acquired a new stake in shares of Netflix during the third quarter worth $194,000. Institutional investors and hedge funds own 79.44% of the company’s stock.

Netflix Company Profile

Netflix Inc is an Internet television network with over 86 million members in over 190 countries enjoying more than 125 million hours of television (TV) shows and movies per day, including original series, documentaries and feature films. Members can watch as much as they want, anytime, anywhere, on nearly any Internet-connected screen.

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