Jefferies Upgrades Netflix to Hold with Price Target $135

Brokerage firm Jefferies Upgrades its rating on Netflix(NFLX). As per the latest information, Jefferies Raises the price target to $135 per share from a prior target of $95. The shares have been rated Hold. Previously, the analysts had a Underperform rating on the shares. The rating by the stock financial advisor at Jefferies was issued on Mar 15, 2017 in a research report to their Investors and Clients.

In a different note, On Mar 6, 2017, UBS said it Upgrades its rating on Netflix. According to the research note, UBS Raises the price target to $175 per share from a prior target of $136. The shares have been rated ‘Buy’ by the firm. On Jan 19, 2017, Loop Capital said it Maintains its rating on Netflix. According to the research note, Loop Capital Raises the price target to $159 per share from a prior target of $151. The shares have been rated ‘Buy’ by the firm. On Jan 19, 2017, Macquarie said it Upgrades its rating on Netflix. The shares have been rated ‘Neutral’ by the firm. On Jan 17, 2017, Mizuho said it Upgrades its rating on Netflix. According to the research note, Mizuho Raises the price target to $152 per share from a prior target of $112. The shares have been rated ‘Buy’ by the firm.

Netflix (NFLX) made into the market gainers list on Fridays trading session with the shares advancing 0.50% or 0.72 points. Due to strong positive momentum, the stock ended at $145.11, which is also near the day’s high of $145.76. The stock began the session at $144.05 and the volume stood at 62,81,316 shares. The 52-week high of the shares is $146.5 and the 52 week low is $84.5. The company has a current market capitalization of $62,457 M and it has 43,04,11,590 shares in outstanding.

Netflix(NFLX) last announced its earnings results on Jan 18, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $2.478B. Analysts had an estimated revenue of $2.470B. Earnings per share were $0.15. Analysts had estimated an EPS of $0.13.

Several Insider Transactions has been reported to the SEC. On Mar 9, 2017, Richard N Barton (director) sold 2,000 shares at $141.64 per share price.Also, On Mar 2, 2017, Neil D Hunt (Chief Product Officer) sold 10,000 shares at $142.84 per share price.On Feb 22, 2017, Reed Hastings (CEO) sold 84,469 shares at $142.83 per share price, according to the Form-4 filing with the securities and exchange commission.

Netflix Inc. is a provider of Internet television network. The Company has over 57 million streaming members in over 50 countries. Its members can watch more than two billion hours of television (TV) shows and movies per month including original series documentaries and feature films on Internet-connected screen. The Company has three operating segments: Domestic streaming International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content. The Domestic DVD segment derives revenues from monthly membership fees for services consisting of DVD-by-mail. Its members can play pause and resume watching all without commercials or commitments. Additionally in the United States its members can receive DVDs to their homes. The Company offers streaming service both domestically and internationally.

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