Wedbush Analysts Give Netflix, Inc. (NFLX) a $88.00 Price Target

Mae Love
October 9, 2017

Analysts are weighing in on TV streaming service Netflix, Inc.

Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, July 17th.

Several research firms have weighed in on NFLX.

Netflix, Inc. on 6/29/2017 reported its EPS as $0.12 with the analysts projecting the EPS of the stock as $0.06. Cantor Fitzgerald reissued an "overweight" rating and issued a $190.00 price objective on shares of Netflix in a research report on Thursday, July 13th.

When selecting potential stocks to buy, many investors want to find out what Wall Street professionals are thinking about the company beforehand - like what the average analyst rating is. (The) reissued a "buy" rating and issued a $200.00 price objective (up from $175.00) on shares of Netflix in a research report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirty-one have given a buy rating to the stock.

Wedbush set a $88.00 price target on Netflix, Inc. Here's a quick roundup of today's bullish brokerage notes on shares of NFLX, C, and BAC. The stock has a market capitalization of $85.49 billion, a P/E ratio of 240.90 and a beta of 1.09. The stock's 50-day moving average price is $178.79 and its 200 day moving average price is $163.66. Tower Research Capital LLC TRC acquired a new stake in shares of Netflix during the 2nd quarter valued at about $1,045,000. NFLX now has a profit margin of 3.60%. On a consensus basis, analysts have given a recommendation of 2.20 on company shares.

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The company is so far trading down by 0.46% percent from yesterday's close. When it comes to net revenue, the average estimate from a total of 35 analysts is 2.97 billion - compared to 2.29 billion posted in the year-ago period. "(NFLX) Insider Sells $235,294.78 in Stock" was originally reported by BBNS and is the sole property of of BBNS. If you are reading this report on another domain, it was illegally stolen and republished in violation of worldwide copyright & trademark laws. On September 27 analysts at Wells Fargo started covering NFLX with a rating of "Outperform".

In other news, insider Gregory K. Peters sold 12,768 shares of the firm's stock in a transaction on Tuesday, July 18th.

Among new and sold out positions, 106 holders initiated new positions by a total of 2.14 million shares and 77 holders exited their positions by a total of 2.64 million shares. Following the sale, the director now directly owns 8,012 shares in the company, valued at approximately $1,355,470.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jonathan Friedland sold 1,217 shares of the firm's stock in a transaction on Thursday, October 5th. Following the completion of the transaction, the insider now owns 1,217 shares in the company, valued at approximately $235,294.78. Insiders sold a total of 316,067 shares of company stock worth $56,923,386 in the last quarter. Institutional investors and hedge funds own 81.02% of the company's stock. Almanack Investment Partners LLC. purchased a new position in shares of Netflix during the second quarter worth $101,000. Finally, Aviance Capital Management LLC purchased a new position in shares of Netflix during the second quarter worth $137,000. Janus Henderson Group PLC increased its holdings in shares of Netflix by 3,478.1% during the 2nd quarter.

A good way of assessing a public company's profitability is by looking at its Earnings per Share (EPS). Guardian Life Insurance Co. of America boosted its position in shares of Netflix by 0.7% during the 1st 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 during the period. Finally, Teachers Advisors LLC boosted its position in shares of Netflix by 2.0% in the first quarter.

Many analysts have provided their estimated foresights on Netflix, Inc.

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