Netflix, Inc. (NFLX) Upgraded to Buy by Zacks Investment Research

Netflix, Inc. (NFLX) Upgraded to Buy by Zacks Investment Research

MKM Partners now has a $230.00 price target on the Internet television network's stock.

Several other research firms also recently commented on NFLX. MKM Partners reissued a "buy" rating and issued a $195.00 target price on shares of Netflix in a report on Monday, July 10th. "We believe this price increase, sooner than expected, shows Netflix management has reason to be confident in their sub trajectory and price inelasticity", added Juenger. Pivotal Research maintained the stock with "Buy" rating in Tuesday, July 18 report. Royal Bank of Canada restated an "outperform" rating and set a $175.00 price objective on shares of Netflix in a report on Monday, April 17th. Finally, KeyCorp reissued a "buy" rating and issued a $190.00 target price on shares of Netflix in a report on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and thirty-one have assigned a buy rating to the company's stock. This means that investors are taking on excess risk when buying the company's stock at its current valuation.

Netflix (NFLX) traded up 1.90% during trading on Monday, reaching $199.58. Over the last quarter, insiders sold 318,067 shares of company stock worth $57,315,706. The company has a 50-day moving average price of $155.26 and a 200-day moving average price of $139.87. The company has market cap of 1.15 billion GBP. Netflix Inc. has $230 highest and $125 lowest target. The return on assets stands at 6.4%, Return on Equity now is 16.9% and the Return on Investment value is 12.9%. What's more, revenue is seen soaring almost 30% to $2.97 billion. After a recent check, it is observed that the insiders for the firm now own 0.10% shares. Both are a bit below last quarter's numbers, but significantly above last year's.

What Historical Figures Say About Netflix, Inc.

Sacking Aaron Rodgers Isn't Always This Easy
Bulaga returned last week against the Cowboys and appeared to make it through the game without much trouble. Montgomery broke multiple ribs on September 28 against the Bears and hasn't played since then.

ILLEGAL ACTIVITY WARNING: This story was first reported by StockNewsTimes and is the property of of StockNewsTimes. The International streaming segment includes services that streams content to its members outside the United States. The original version of this piece can be accessed at https://baseballnewssource.com/markets/netflixs-nflx-buy-rating-reaffirmed-at-mkm-partners/1704641.html. Also, Director Richard N. Barton sold 2,000 shares of the company's stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $163.47, for a total value of $326,940.00. Capital Impact Advisors Limited Liability Corp owns 15,796 shares or 1.07% of their USA portfolio. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Gregory K. Peters sold 12,768 shares of the stock in a transaction on Tuesday, July 18th.

The company now has an insider ownership of 0.1 Percent and Institutional ownership of 81 Percent. They now have a $235.00 price target on the Internet television network's stock, up from their previous price target of $200.00. However, the institutional investors are observed to own 82.80% of the total shares. Netflix stock breached $200 only briefly as the markets opened this morning, then dropped slightly below the tide-mark again. 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 in the last quarter. Guardian Life Insurance Co. of America grew its holdings in Netflix by 0.7% during the 1st quarter.

"For anyone who still questions whether Netflix has pricing power", Juenger asks regarding the recent price hike, which brings its mid-tier plan from $11 to $12 per month and its top-level plan from $12 to $14, "How many businesses can you name that have done that?" M Holdings Securities Inc. now owns 2,467 shares of the Internet television network's stock worth $365,000 after purchasing an additional 12 shares during the last quarter. Institute For Wealth Management Limited Company has invested 0.34% in Netflix, Inc. State Street Corp now owns 17,535,737 shares of the Internet television network's stock valued at $2,591,946,000 after buying an additional 463,143 shares during the last quarter. He believes Netflix beat subscriber estimates for the third quarter and that it will do so again for the fourth quarter.

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