Netflix, Inc. (NASDAQ:NFLX) has been given a $145.00 target price by MKM Partners in a note issued to investors on Thursday. The firm presently has a a “buy” rating on the Internet television network’s stock. MKM Partners’ price target indicates a potential upside of 41.04% from the stock’s current price.
Shares of Netflix (NASDAQ:NFLX) traded up 2.60% on Thursday, hitting $102.81. 17,824,673 shares of the stock traded hands. The stock has a 50-day moving average price of $95.78 and a 200 day moving average price of $103.53. The firm has a market cap of $44.03 billion and a P/E ratio of 354.52. Netflix has a 52 week low of $79.95 and a 52 week high of $133.27.
Netflix (NASDAQ:NFLX) last released its earnings results on Monday, April 18th. The Internet television network reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. The company earned $1.96 billion during the quarter, compared to analyst estimates of $1.97 billion. The firm’s revenue for the quarter was up 24.5% on a year-over-year basis. During the same quarter last year, the business earned $0.77 earnings per share. Equities research analysts predict that Netflix will post $0.27 EPS for the current fiscal year.
In other Netflix news, CEO Reed Hastings sold 78,827 shares of the firm’s stock in a transaction dated Monday, March 21st. The stock was sold at an average price of $100.70, for a total value of $7,937,878.90. Following the sale, the chief executive officer now directly owns 78,827 shares of the company’s stock, valued at approximately $7,937,878.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Richard N. Barton sold 1,400 shares of the firm’s stock in a transaction dated Tuesday, May 24th. The stock was sold at an average price of $94.46, for a total value of $132,244.00. Following the completion of the sale, the director now directly owns 15,177 shares in the company, valued at $1,433,619.42. The disclosure for this sale can be found here.
Several institutional investors have recently added to or reduced their stakes in the stock. Churchill Management raised its position in Netflix by 1.0% in the fourth quarter. Churchill Management now owns 8,257 shares of the Internet television network’s stock valued at $944,000 after buying an additional 81 shares in the last quarter. Vanguard Group Inc. raised its position in Netflix by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 23,840,599 shares of the Internet television network’s stock valued at $2,726,888,000 after buying an additional 714,832 shares in the last quarter. Visium Asset Management LP purchased a new position in Netflix during the fourth quarter valued at $1,573,000. BKS Advisors LLC raised its position in Netflix by 61.5% in the fourth quarter. BKS Advisors LLC now owns 10,796 shares of the Internet television network’s stock valued at $1,235,000 after buying an additional 4,110 shares in the last quarter. Finally, Shelton Capital Management raised its position in Netflix by 0.9% in the fourth quarter. Shelton Capital Management now owns 29,294 shares of the Internet television network’s stock valued at $3,351,000 after buying an additional 271 shares in the last quarter.
Netflix, Inc is a provider of Internet television network. The Company has over 57 million streaming members in over 50 countries. Its members can watch more than two billion hours of television (TV) shows and movies per month, including original series, documentaries and feature films on Internet-connected screen.
