Netflix up after price target increase to new Street high

Netflix up after price target increase to new Street high”

Netflix, Inc. (NASDAQ:NFLX)'s EPS growth this year is 51.50% and the trailing 12-month EPS is $0.82. The stock has a market cap of $86.19 billion, a price-to-earnings ratio of 242.87 and a beta of 1.09. The stock was trading at a distance of -1.78% from its 52-week highs and stands 100.61% away from its 52-week lows.

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

EPS Estimate for the next Quarter is 0.32. Netflix stock is up more than 60 percent for the year through Friday morning compared with Disney shares' decline of 7 percent, Time Warner's 5 percent gain, CBS stock's 11 percent drop and the S&P 500's 14 percent return. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion.

Looking into last 5 trades, the stock observed a return of nearly 0.76%. The firm's revenue was up 32.3% compared to the same quarter a year ago. Following the transaction, the insider now directly owns 2,135 shares of the company's stock, valued at approximately $312,756.15.

In other news, Director Leslie J. Kilgore sold 1,078 shares of the business's stock in a transaction dated Thursday, May 25th.

A total of 7.74 Billion shares exchanged at hands and its average trading volume is standing at 7.36 Million shares. The stock was sold at an average price of $188.61, for a total transaction of $20,598,852.54. Following the completion of the sale, the insider now owns 1,232 shares in the company, valued at $224,433.44. The disclosure for this sale can be found here. The short sellers then promise to replace the stock in the future and makes dividend payments out of their own pockets to cover the dividend income that is no longer exists on the original, now borrowed and sold, shares. Company insiders own 4.90% of the company's stock. Harfst & Associates Inc. bought a new position in Netflix in the 1st quarter worth $109,000. AXA now owns 158,400 shares of the Internet television network's stock worth $23,413,000 after purchasing an additional 75,900 shares during the period. TD Capital Management LLC acquired a new stake in shares of Netflix in the second quarter valued at about $105,000. Municipal Employees Retirement System of MI raised its stake in Netflix by 0.9% during the first quarter.

Netflix, Inc. has been given an analysts' mean target of 189.38.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NFLX.

Netflix (NASDAQ:NFLX) shares are up 1.6% premarket after price target increases at JPMorgan and Goldman Sachs. Pacific Crest reaffirmed an "overweight" rating and issued a $170.00 price target on shares of Netflix in a research note on Friday, April 7th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $180.00 target price (up previously from $150.00) on shares of Netflix in a report on Tuesday, July 18th. Look for analysts to lift both their ratings and price targets following another solid quarterly report. Zacks Investment Research lowered shares of Netflix from a "buy" rating to a "hold" rating in a research note on Tuesday, March 7th. Two analysts have rated the stock with a sell rating, nineteen have given a hold rating and thirty have assigned a buy rating to the stock. The stock has an average rating of "Buy" and a consensus price target of $147.59.

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