Today Pivotal Research Group Reiterates a “Buy” Rating on Netflix (NASDAQ:NFLX) and a $500 Target Price

June 21, 2018 - By Eugene Smith

Netflix, Inc. (NASDAQ:NFLX) Logo

Investors sentiment decreased to 1.23 in Q1 2018. Its down 0.08, from 1.31 in 2017Q4. It dropped, as 47 investors sold Netflix, Inc. shares while 310 reduced holdings. 156 funds opened positions while 283 raised stakes. 329.43 million shares or 4.36% less from 344.43 million shares in 2017Q4 were reported.

State Of New Jersey Common Pension Fund D owns 120,000 shares. M Hldg Inc has 968 shares. Mitsubishi Ufj And Banking Corporation accumulated 0.7% or 1.35 million shares. Moreover, Wharton Business Gp Lc has 0.03% invested in Netflix, Inc. (NASDAQ:NFLX). Moreover, Benjamin F Edwards And Co has 0.11% invested in Netflix, Inc. (NASDAQ:NFLX). Fdx Advsrs Inc holds 0.02% or 2,093 shares. Daiwa Gp Incorporated holds 0.09% in Netflix, Inc. (NASDAQ:NFLX) or 36,373 shares. Ubs Asset Mgmt Americas owns 1.85M shares. X Mgmt Company Ltd Company owns 8,992 shares for 0.05% of their portfolio. Gm Advisory Gp invested 0.31% of its portfolio in Netflix, Inc. (NASDAQ:NFLX). Navellier owns 0.21% invested in Netflix, Inc. (NASDAQ:NFLX) for 4,800 shares. Kentucky Retirement Sys reported 22,647 shares or 0.57% of all its holdings. 782 are held by First Bank. Schwab Charles Inc invested in 0.35% or 1.52M shares. Campbell Newman Asset Management Inc has 6,820 shares for 0.33% of their portfolio.

Since January 3, 2018, it had 0 insider buys, and 52 sales for $197.53 million activity. BATTLE A GEORGE had sold 10,000 shares worth $3.10 million. $175,329 worth of Netflix, Inc. (NASDAQ:NFLX) was sold by KILGORE LESLIE J on Thursday, January 4. Peters Gregory K sold $2.48M worth of stock or 9,009 shares. On Thursday, January 11 the insider FRIEDLAND JONATHAN sold $437,545. HASTINGS REED sold 86,037 shares worth $28.37M. WELLS DAVID B also sold $351,610 worth of Netflix, Inc. (NASDAQ:NFLX) shares.

Netflix (NASDAQ:NFLX) Rating Reaffirmed

Pivotal Research Group now has a $500 target price on the $180.59 billion market cap company or 20.35 % upside potential. In an analyst report sent to investors and clients on Thursday morning, Netflix (NASDAQ:NFLX) shares have had their “Buy” Rating reconfirmed by research analysts at Pivotal Research Group.

Netflix, Inc. (NASDAQ:NFLX) Ratings Coverage

Among 33 analysts covering Netflix (NASDAQ:NFLX), 22 have Buy rating, 1 Sell and 10 Hold. Therefore 67% are positive. Netflix has $460 highest and $93.0 lowest target. $326.77’s average target is -21.34% below currents $415.44 stock price. Netflix had 63 analyst reports since January 2, 2018 according to SRatingsIntel. The company was maintained on Tuesday, June 19 by Piper Jaffray. On Tuesday, January 2 the stock rating was upgraded by Macquarie Research to “Outperform”. The stock of Netflix, Inc. (NASDAQ:NFLX) earned “Buy” rating by Stifel Nicolaus on Monday, January 22. The firm has “Hold” rating by BMO Capital Markets given on Monday, April 16. RBC Capital Markets maintained Netflix, Inc. (NASDAQ:NFLX) rating on Thursday, March 15. RBC Capital Markets has “Buy” rating and $350.0 target. BTIG Research maintained the shares of NFLX in report on Wednesday, January 24 with “Buy” rating. The firm earned “Buy” rating on Monday, January 22 by Canaccord Genuity. The firm has “Buy” rating by Bernstein given on Tuesday, April 17. The stock has “Buy” rating by Raymond James on Tuesday, April 10. Wells Fargo maintained the stock with “Buy” rating in Tuesday, January 23 report.

The stock decreased 0.32% or $1.32 during the last trading session, reaching $415.44. About 17.69 million shares traded or 80.31% up from the average. Netflix, Inc. (NASDAQ:NFLX) has risen 115.45% since June 22, 2017 and is uptrending. It has outperformed by 102.88% the S&P500.

Analysts await Netflix, Inc. (NASDAQ:NFLX) to report earnings on July, 16. They expect $0.80 earnings per share, up 433.33 % or $0.65 from last year’s $0.15 per share. NFLX’s profit will be $347.75 million for 129.83 P/E if the $0.80 EPS becomes a reality. After $0.64 actual earnings per share reported by Netflix, Inc. for the previous quarter, Wall Street now forecasts 25.00 % EPS growth.

Netflix, Inc., an Internet television network, engages in the Internet delivery of television shows and movies on various Internet-connected screens. The company has market cap of $180.59 billion. It operates in three divisions: Domestic Streaming, International Streaming, and Domestic DVD. It has a 278.45 P/E ratio. The firm offers TV shows and movies, including original series, documentaries, and feature films.

More notable recent Netflix, Inc. (NASDAQ:NFLX) news were published by: Seekingalpha.com which released: “No One Is Buying Netflix” on June 14, 2018, also Nasdaq.com with their article: “Netflix (NFLX) to Bring Minecraft: Story Mode, But Says No to Gaming” published on June 14, 2018, Nasdaq.com published: “Subscription Groups Is Yet Another Billion-Dollar Opportunity for Facebook Stock” on June 21, 2018. More interesting news about Netflix, Inc. (NASDAQ:NFLX) were released by: Seekingalpha.com and their article: “Netflix: A DCF Valuation” published on June 19, 2018 as well as Nasdaq.com‘s news article titled: “Has iQiyi Stock Finally Hit Its Ceiling?” with publication date: June 20, 2018.

Netflix, Inc. (NASDAQ:NFLX) Institutional Positions Chart

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