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Vetr Inc. Downgrades Netflix, Inc. (NASDAQ:NFLX) to Hold
17 July 2017, 11:22 | Kelvin Horton
Ethan Miller Staff Getty Images
(NASDAQ:NFLX) to report earnings on Jul, 17 for the fiscal quarter ending Jun 2017. Winslow Evans & Crocker Inc. now owns 6,250 shares of the Internet television network's stock valued at $933,000 after buying an additional 1,724 shares during the last quarter. AO Asset Management LLC's holdings in Netflix were worth $11,973,000 as of its most recent filing with the SEC.
For Netflix shares to go higher, the company needs to grow its subscriber base while continuing to sell investors on the promise of profitability some time in the future. Intact Investment Management Inc. boosted its stake in Netflix by 25.0% in the fourth quarter. AMF Pensionsforsakring AB now owns 369,815 shares of the Internet television network's stock valued at $45,783,000 after buying an additional 314,315 shares during the period. Ltd. boosted its stake in shares of Netflix by 24.2% in the first quarter. The institutional investor held 3,460 shares of the consumer services company at the end of 2016Q4, valued at $428,000, down from 6,909 at the end of the previous reported quarter.
Disclosure: CNBC parent company NBCUniversal is a co-owner of Hulu. Netflix has a one year low of $84.50 and a one year high of $166.87. (NASDAQ:NFLX). The Montana-based Davidson Investment Advsr has invested 0% in Netflix, Inc. The stock had a trading volume of 9,916,194 shares. The stock has a market cap of $69.44 billion, a price-to-earnings ratio of 208.43 and a beta of 0.98. The firm's 50 day moving average price is $157.80 and its 200-day moving average price is $144.87.
The financial company has just set a target price of $175 on Netflix (NASDAQ:NFLX) shares. The Internet television network reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.03. The business had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $2.64 billion.
Grupo Financiero Santander Mexico, S.A.B.de C.V. (NYSE:BSMX) yearly performance is 5.15% and net profit margin is 20.80%. The company's revenue was up 34.7% on a year-over-year basis.
Shares of Netflix, Inc. "(NFLX)" was originally posted by BNB Daily and is the property of of BNB Daily. The correct version of this story can be read at https://www.themarketsdaily.com/2017/07/17/netflix-inc-nasdaqnflx-stock-rating-reaffirmed-by-cantor-fitzgerald.html. Finally, MKM Partners restated a "buy" rating and set a $195.00 target price on shares of Netflix in a research note on Monday, July 10th.
Cowen has a Buy rating with a $170 price target. Loop Capital reaffirmed a "buy" rating and set a $167.00 target price (up previously from $159.00) on shares of Netflix in a research note on Monday, March 20th. On Tuesday, April 19 the stock rating was maintained by Pivotal Research with "Buy".
Shares of Netflix were last trading up almost 1% at $162.70, with a consensus analyst price target of $160.68 and a 52-week range of $84.50 to $166.87.
Netflix, Inc. was covered by a number of analysts recently, 12 rated the stock as Buy, 12 rated Outperform, 16 rated Hold, 1 gave an Underperform and 1 rated sell.
Similarly, Anthony DiClemente with Instinet, who has a Buy rating on the shares, today raises his price target to $175, writing that his survey of data from Apple's (AAPL) App Store suggest there was "strong net addition growth" in the quarter. The stock was sold at an average price of $147.39, for a total transaction of $147,390.00. Following the completion of the transaction, the insider now owns 19,943 shares in the company, valued at $3,276,435.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard N. Barton sold 2,000 shares of the business's stock in a transaction dated Wednesday, April 19th. The shares were sold at an average price of $145.38, for a total transaction of $290,760.00.
The stock increased 1.84% or $2.91 during the last trading session, hitting $162.96. Looking back over the last month, shares have performed 5.86%. The company's average Piotroski F-Score: 4 during the last 7 years. The brokerage presently has a $173.00 price target on the Internet television network's stock. The Firm operates through three divisions: Domestic streaming, global streaming and Domestic DVD.
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