SunTrust Robinson Humphrey Maintains Netflix to Neutral with Price Target $110.00

Brokerage firm SunTrust Robinson Humphrey Maintains its rating on Netflix(NASDAQ:NFLX). In a research note issued to the investors, the brokerage major Lowers the price-target to $110.00 per share. The shares have been rated Neutral. The rating by SunTrust Robinson Humphrey was issued on Jul 14, 2016.

In a different note, On Jul 6, 2016, Jefferies said it Downgrades its rating on Netflix. In the research note, the firm Lowers the price-target to $120.00 per share. The shares have been rated ‘Underperform’ by the firm. On Jul 5, 2016, Needham said it Downgrades its rating on Netflix. The shares have been rated ‘Hold’ by the firm. On Apr 19, 2016, Goldman Sachs said it Maintains its rating on Netflix. In the research note, the firm Lowers the price-target to $130.00 per share. The shares have been rated ‘Buy’ by the firm. On Apr 19, 2016, JP Morgan said it Maintains its rating on Netflix. In the research note, the firm Lowers the price-target to $139.00 per share. The shares have been rated ‘Overweight’ by the firm. On Apr 19, 2016, Credit Suisse said it Maintains its rating on Netflix. In the research note, the firm Lowers the price-target to $127.00 per share. The shares have been rated ‘Neutral’ by the firm. On Apr 19, 2016, Citigroup said it Maintains its rating on Netflix. In the research note, the firm Lowers the price-target to $116.00 per share. The shares have been rated ‘Neutral’ by the firm.

Netflix (NFLX) made into the market gainers list on Mondays trading session with the shares advancing 0.43% or 0.42 points. Due to strong positive momentum, the stock ended at $98.81, which is also near the day’s high of $99.84. The stock began the session at $98.43 and the volume stood at 2,86,69,659 shares. The 52-week high of the shares is $133.27 and the 52 week low is $79.95. The company has a current market capitalization of $42,319 M and it has 42,82,89,220 shares in outstanding.

Netflix(NFLX) last announced its earnings results on Apr 18, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.96B. Analysts had an estimated revenue of $1.97B. Earnings per share were $0.06. Analysts had estimated an EPS of $0.03.

Several Insider Transactions has been reported to the SEC. On Jul 13, 2016, Richard N Barton (director) sold 1,400 shares at $95.63 per share price.Also, On Jun 22, 2016, Reed Hastings (CEO) sold 113,708 shares at $95.04 per share price.On Apr 25, 2016, Timothy M Haley (director) sold 16,172 shares at $96.43 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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