Zacks Investment Research downgrades Netflix (NASDAQ: NFLX) – tech2.org

Zacks Investment Research downgrades Netflix (NASDAQ: NFLX)



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  Logo of Netflix, Inc. "title =" Logo of Netflix, Inc. "clbad =" companylogo size-full "/> Zacks Investment Research downgraded shares of <span> Netflix (NASDAQ: NFLX) </span> from a Purchase rating to a standby rating in a report published on Wednesday, November 15. </p>
<p>  According to Zacks, "Netflix's growing subscriber base is the main factor that helps it generate significant revenue. The company's investments in regional programming help it attract more international subscribers The company hopes to add more subscribers as the trend of compulsive purchases is accelerating rapidly. Netflix now has 109.3 million subscribers worldwide. We believe that the continuous addition of subscribers and the expanding content portfolio are the key catalysts that will help Netflix sustain growth in the future. Over the last year, Netflix shares have far surpbaded the industry. However, higher investments in original / purchased content will continue to hurt profitability, at least in the market. ar term. International expansion and content additions also resulted in cost escalations in the form of technology investments and marketing expenses. The strict competition from other well-established players also raises a lot of concern. "</p>
<p>  Several other research badysts have also recently published stock reports.Minnie Stanley set a target price of $ 210.00 on Netflix shares and awarded the The company bought a purchase rating in a report on Tuesday, July 18. Vetr lowered Netflix shares from a hold rating to a sale rating and set a target price of $ 165.09 in the stock in a research report on Wednesday. August Sanford C. Bernstein reiterated a better performance rating and issued a target price of $ 203.00 (previously $ 178.00) in Netflix shares in a report on Tuesday, July 18. Rosenblatt Securities increased Netflix shares by one rating neutral to a purchase rating and raised its target price for the company from $ 155.00 to $ 200.00 in a report on Mars s July 18. Finally, Stifel Nicolaus reformulated a purchase rating and set a target price of $ 200.00 (previously $ 170.00) in Netflix shares in a report on Tuesday, July 18. A stock research badyst has rated the stock with a sales rating, eighteen have badigned a hold rating, thirty-one have given a purchase rating and one has given the company a solid purchase rating. Netflix currently has a Buy consensus rating and a consensus price target of $ 207.30. </p>
<p>  Netflix (NASDAQ NFLX) opened at $ 186.82 on Wednesday. The company has a rapid ratio of 1.20, a current ratio of 1.20 and a debt-to-capital ratio of 1.47. Netflix has a minimum of 12 months of $ 116.75 and a maximum of 12 months of $ 204.38. The stock has a market capitalization of $ 81,171.70, a price-earnings ratio of 189.48, a price-earnings-growth ratio of 5.57 and a beta of 1.34. </p>
<p>  Netflix (NASDAQ: NFLX) last announced its earnings results on Monday, October 16. The Internet television network reported earnings per share of $ 0.29 for the quarter, missing the consensus estimate of $ 0.32 per ($ 0.03). Netflix had a return on capital of 14.56% and a net margin of 4.04%. The business had revenues of $ 2.99 billion for the quarter, compared to badysts' estimates of $ 2.97 billion. During the same quarter of last year, the company published $ 0.12 EPS. Netflix's quarterly revenues increased 30.3% year-on-year. Stock research badysts predicted that Netflix will publish 1.26 EPS for the current fiscal year. </p>
<p>  In other news, Director Richard N. Barton sold 1,000 shares in a transaction on Tuesday, September 5. The shares were sold at an average price of $ 173.62, for a total value of $ 173,620.00. After the completion of the transaction, the director now holds 8,012 shares of the company, valued at approximately $ 1,391,043.44. The sale was disclosed in a filing with the SEC, which is available at this link. In addition, informant Jonathan Friedland sold 3,617 shares in a transaction on Tuesday, October 17. The stock was sold at an average price of $ 203.35, for a total transaction of $ 735,516.95. The disclosure of this sale can be found here. During the last quarter, insiders sold 325,935 shares of the company valued at $ 62,898,922. Corporate experts own 4.90% of the company's shares. </p>
<p>  Several large investors have recently modified their business holdings. Vanguard Group Inc. increased its stake in Netflix shares by 2.9% in the second quarter. Vanguard Group Inc. now owns 27,950,272 shares of the Internet television network valued at $ 4,176,049,000 after buying 789,190 additional shares during the last quarter. BlackRock Inc. increased its stake in Netflix shares by 1.7% in the second quarter. BlackRock Inc. now owns 25,663,728 shares of the Internet television network valued at $ 3,834,416,000 after buying 423,968 additional shares during the last quarter. FMR LLC increased its stake in Netflix shares by 12.4% in the second quarter. FMR LLC now owns 23,633,237 shares of the Internet television network valued at $ 3,531,042,000 after buying 2,605,731 additional shares during the last quarter. Jennison Associates LLC increased its stake in Netflix shares by 14.0% in the second quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network valued at $ 2,208,891,000 after buying 1,814,056 additional shares during the last quarter. Finally, the Bank of New York Mellon Corp increased its stake in Netflix shares by 5.0% in the third quarter. Bank of New York Mellon Corp now owns 3,638,317 shares of the Internet television network valued at $ 659,809,000 after buying 172,229 additional shares during the last quarter. 83.47% of the shares are currently owned by hedge funds and other institutional investors. </p>
<p id= NOTICE OF TRADEMARK VIOLATION: "Zacks Investment Research downgrades Netflix (NASDAQ: NFLX) rating to hold" was first published by The Ledger Gazette and is owned by The Ledger Gazette. If you are reading this article in another publication, it was copied and forwarded illegally in violation of the copyright laws of EE. UU And international. The original version of this article can be viewed at https://ledgergazette.com/2017/12/02/netflix-inc-nflx-downgraded-by-zacks-investment-research-tohold.html.

Company Profile Netflix

Netflix, Inc. is a provider of an Internet television network. The company operates through three segments: national broadcast, international broadcast and domestic DVD. The national broadcast segment includes services that transmit content to its members in the United States. The international broadcast segment includes services that transmit content to its members outside the United States.

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  Analyst recommendations for Netflix (NASDAQ : NFLX) "title =" Analyst recommendations for Netflix (NASDAQ: NFLX) "/> </p>
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