Recent Analyst Recommendations: NETFLIX, INC. Vetr's target price would indicate a potential downside of 0.89% from the stock's previous close.
A number of brokerages have recently issued reports on NFLX. Loop Capital reiterated a "buy" rating and set a $159.00 target price on shares of Netflix in a research report on Saturday, January 28th. Robert W. Baird reissued a "neutral" rating and issued a $138.00 price objective on shares of Netflix in a report on Monday, April 3rd. Finally, Pivotal Research upped their price target on shares of Netflix from $170.00 to $175.00 and gave the company a "buy" rating in a research report on Tuesday, April 18th.
Netflix's test resulted in some Australian customers seeing price increases for the streaming service's Basic plan (going from AU$8.99 to AU$9.99 per month), while Netflix's Standard plan increased AU$2 to AU$13.99 and the Premium plan increased AU$3 to AU$17.99 per month, according to The Australian. The company has an average rating of "Buy" and an average target price of $146.09. (NASDAQ:NFLX) traded down 0.40% during midday trading on Monday, reaching $160.16. Insiders sold a total of 370,241 shares of company stock worth $53,803,178 over the last quarter. Netflix, Inc. has recorded a 50-day average of $148.91 and a two hundred day average of $135.94. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. Netflix has a 52 week low of $84.50 and a 52 week high of $161.78.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, April 17th.
If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, NFLX earned gross profit of 1.75 Billion, in 2015 2.19 Billion gross profit, while in 2016 Netflix, Inc. The Company's year to date (YTD) performance is now at 3.25%. On average, equities research analysts forecast that Netflix will post $1.04 EPS for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This piece of content was first reported by Chaffey Breeze and is the property of of Chaffey Breeze. The legal version of this article can be accessed at https://transcriptdaily.com/2017/05/15/security-asset-management-cuts-stake-in-netflix-inc-nflx.html. Following the transaction, the insider now owns 459,952 shares in the company, valued at approximately $73,417,538.24. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The shares were sold at an average price of $141.57, for a total transaction of $283,140.00. Following the completion of the transaction, the chief executive officer now owns 84,469 shares in the company, valued at $12,054,570.99. The disclosure for this sale can be found here. Currently, 6.1% of the company's stock are short sold. On the other hand, company insiders are holding 0.10%.
Several hedge funds and other institutional investors have recently bought and sold shares of NFLX. RPG Investment Advisory LLC increased its stake in shares of Netflix by 56.2% in the third quarter. Also, Director Richard N. Barton sold 2,000 shares of the company's stock in a transaction dated Thursday, February 16th. Finally, Edmond DE Rothschild Italia SGR SPA increased its stake in shares of Netflix by 0.9% in the third quarter. The Internet television network reported $0.40 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.37 by $0.03. Inc. boosted its stake in shares of Netflix by 38.7% in the first quarter. Edmond DE Rothschild Italia SGR SPA now owns 3,829 shares of the Internet television network's stock valued at $377,000 after buying an additional 33 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in shares of Netflix by 1,444.7% in the fourth quarter. The stock's 52-week range is $66.43 - $89.28.