Jefferies Released ” Hold” Rating on Netflix (NFLX)

Netflix (NFLX) was Upgraded by Jefferies to ” Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 135 from a previous price target of $95 . Earlier the firm had a rating of “Underperform ” on the company shares. Jefferies advised their Clients and Investors in a research report released on Mar 15, 2017.

Based on several research reports , Company shares were Upgraded by Jefferies on Mar 15, 2017 to ” Hold”, Firm has raised the Price Target to $ 135 from a previous price target of $95 .Company shares were Upgraded by UBS on Mar 6, 2017 to ” Buy”, Firm has raised the Price Target to $ 175 from a previous price target of $136 .Company shares were Reiterated by FBR & Co. on Jan 19, 2017 to “Mkt Perform”, Firm has raised the Price Target to $ 144 from a previous price target of $100 .Netflix was Upgraded by Macquarie to ” Neutral” on Jan 19, 2017. Company shares were Reiterated by Wedbush on Jan 19, 2017 to “Underperform”, Firm has raised the Price Target to $ 68 from a previous price target of $60 .

Several company insiders have filed Insider transactions , on Mar 9, 2017, Richard N Barton (director) sold 2,000 shares at $141.64 per share price. According to the SEC, 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.

On the company’s financial health, Netflix reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jan 18, 2017. Analyst had a consensus of $0.13. The company had revenue of $2477.50 million for the quarter, compared to analysts expectations of $2467.99 million. The company’s revenue was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

Netflix opened for trading at $144.2 and hit $145.52 on the upside on Wednesday, eventually ending the session at $145.25, with a gain of 1.44% or 2.06 points. The heightened volatility saw the trading volume jump to 59,87,198 shares. Company has a market cap of $62,517 M.

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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