Netflix, Inc. (NFLX) Lowered to “Hold” at BidaskClub

BidaskClub lowered shares of Netflix, Inc. (NASDAQ:NFLX) from a buy rating to a hold rating in a research note issued to investors on Saturday.

Several other research firms also recently weighed in on NFLX. Stifel Nicolaus upped their price objective on shares of Netflix from $155.00 to $170.00 and gave the stock a buy rating in a report on Tuesday, April 18th. Zacks Investment Research lowered shares of Netflix from a buy rating to a hold rating in a research note on Tuesday, March 7th. Royal Bank Of Canada reiterated an outperform rating and issued a $175.00 target price on shares of Netflix in a research note on Monday, April 17th. FBR & Co upped their target price on shares of Netflix from $144.00 to $145.00 and gave the stock a mkt perform rating in a research note on Tuesday, April 18th. Finally, Jefferies Group LLC upped their target price on shares of Netflix from $135.00 to $141.00 and gave the stock a hold rating in a research note on Wednesday, April 19th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-seven have given a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $148.44.

Netflix (NASDAQ:NFLX) traded up 0.41% on Friday, reaching $152.38. 6,909,705 shares of the company were exchanged. The stock has a market capitalization of $65.67 billion, a P/E ratio of 197.13 and a beta of 0.96. Netflix has a 12-month low of $84.50 and a 12-month high of $166.87. The company’s 50-day moving average price is $158.44 and its 200-day moving average price is $142.71.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, April 17th. The Internet television network reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.03. Netflix had a net margin of 3.55% and a return on equity of 12.73%. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the prior year, the company posted $0.06 earnings per share. The business’s revenue was up 34.7% on a year-over-year basis. Equities research analysts anticipate that Netflix will post $1.04 earnings per share for the current fiscal year.

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In other Netflix news, Director Richard N. Barton sold 2,000 shares of the firm’s stock in a transaction on Friday, April 7th. The stock was sold at an average price of $143.90, for a total transaction of $287,800.00. Following the completion of the transaction, the director now owns 8,012 shares of the company’s stock, valued at $1,152,926.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Reed Hastings sold 89,502 shares of the firm’s stock in a transaction on Monday, March 20th. The shares were sold at an average price of $145.66, for a total value of $13,036,861.32. Following the transaction, the chief executive officer now directly owns 89,502 shares of the company’s stock, valued at approximately $13,036,861.32. The disclosure for this sale can be found here. Insiders have sold 404,383 shares of company stock valued at $60,894,497 in the last three months. Insiders own 4.90% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. raised its position in Netflix by 0.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,134 shares of the Internet television network’s stock valued at $168,000 after buying an additional 9 shares in the last quarter. Guardian Life Insurance Co. of America raised its position in Netflix by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock valued at $245,000 after buying an additional 11 shares in the last quarter. Assetmark Inc. raised its position in Netflix by 3.1% in the first quarter. Assetmark Inc. now owns 1,201 shares of the Internet television network’s stock valued at $178,000 after buying an additional 36 shares in the last quarter. Arthur M. Cohen & Associates LLC raised its position in Netflix by 1.7% in the first quarter. Arthur M. Cohen & Associates LLC now owns 2,244 shares of the Internet television network’s stock valued at $332,000 after buying an additional 38 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in Netflix by 2.1% in the first quarter. Fifth Third Bancorp now owns 2,359 shares of the Internet television network’s stock valued at $349,000 after buying an additional 49 shares in the last quarter. 82.78% of the stock is owned by institutional investors and hedge funds.

About Netflix

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

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