Rare Value And Growth Stock Opportunity: Netflix, Inc. (NFLX), NetApp, Inc. (NTAP)

The shares of Netflix, Inc. (NASDAQ:NFLX) has been pegged with a rating of Buy by Pivotal Research Group in its latest research note that was published on July 18th, 2019. The research company has also assigned a $515 price target. Pivotal Research Group wasn’t the only research firm that published a report of Netflix, Inc., with other equities research analysts also giving their opinion on the stock. Rosenblatt advised investors in its research note published on July 10th, 2019, to Neutral the NFLX stock while also putting a $370 price target. The stock had earned Outperform rating from Evercore ISI when it published its report on July 10th, 2019. That day the Evercore ISI set price target on the stock to $380. The stock was given Outperform rating by Wolfe Research in its report released on June 20th, 2019, the day when the price target on the stock was placed at $442. Piper Jaffray was of a view that NFLX is Overweight in its latest report on June 17th, 2019 while giving it a price target of $440. Loop Capital thinks that NFLX is worth Buy rating. This was contained in the firm’s report on June 4th, 2019.

Amongst the analysts that rated the stock, 2 have recommended investors to sell it, 10 believe it has the potential for further growth, thus rating it as Hold while 16 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $388.40. The price of the stock the last time has raised by 35.05% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 41.19.

The shares of the company added by 0.47% during the trading session on Tuesday, reaching a low of $308.16 while ending the day at $312.28. During the trading session, a total of 5.3 million shares were traded which represents a 22.46% incline from the average session volume which is 6.83M shares. NFLX had ended its last session trading at 310.83. Netflix, Inc. currently has a market cap of $139.81B, while its P/E ratio stands at 125.72, while its P/E earnings growth sits at 7.93, with a beta of 1.22. Netflix, Inc. debt-to-equity ratio currently stands at 2.06, while its quick ratio hovers at 0.80. NFLX 52-week low price stands at $231.23 while its 52-week high price is $386.80.

The company in its last quarterly report recorded $0.60 earnings per share which is above the $0.56 predicted by most analysts. The Netflix, Inc. generated $4,923.12 million in revenue during the last quarter, which is slightly lower than the $4,926.96 million predicted by analysts. In the second quarter last year, the firm recorded $0.76 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -26.67%. Netflix, Inc. has the potential to record 2.48 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Barclays published a research note on August 8th, 2019 where it informed investors and clients that NetApp, Inc. (NASDAQ:NTAP) is now rated as Equal Weight. Their price target on the stock stands at $47. Rosenblatt also rated NTAP as Reiterated on July 10th, 2019, with its price target of $370 suggesting that NTAP could surge by 16.46% from its current share price. Even though the stock has been trading at $46.11/share, analysts expect it to surge higher by 1.91% to reach $56.25/share. It started the day trading at $48.03 and traded between $45.94 and $46.99 throughout the trading session.

A look at its technical shows that NTAP’s 50-day SMA is 58.33 while its 200-day SMA stands at 65.19. The stock has a high of $88.08 for the year while the low is $44.79. The company’s P/E ratio currently sits at 10.34, while the P/B ratio is 10.56. At the moment, only of NetApp, Inc. shares were sold short. The company’s average trading volume currently stands at 2.81M shares, which means that the short-interest ratio is just 5.63 days. Over the past seven days, the company moved, with its shift of 2.13%. Looking further, the stock has dropped -30.20% over the past 90 days while it lost -30.01% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. PRIMECAP Management Co sold more NTAP shares, decreasing its portfolio by -4.27% during the last quarter. This move now sees PRIMECAP Management Co selling -1,513,400 shares in the last quarter, thus it now holds 33,917,978 shares of NTAP, with a total valuation of $1,983,862,533. The Vanguard Group Inc meanwhile bought more NTAP shares in the recently filed quarter, changing its stake to $1,701,543,645 worth of shares. Capital Research Management Co followed the path by increasing its NTAP portfolio by +73.54% in the quarter. This means that Capital Research Management Co bought 11,813,679 shares in the last quarter and now controls 27,877,195 shares of the NTAP stock, with the valuation hitting $1,630,537,136.

Similarly, SSgA Funds Management Inc decreased its NetApp, Inc. shares by -0.45% during the recently filed quarter. After selling -48,423 shares in the last quarter, the firm now controls 10,807,346 shares of NetApp, Inc. which are valued at $632,121,668. In the same vein, Renaissance Technologies LLC decreased its NetApp, Inc. shares by during the most recent reported quarter. The firm sold -146,700 shares during the quarter which decreased its stakes to 6,688,840 shares and is now valued at $391,230,252. Following these latest developments, around 0.20% of NetApp, Inc. stocks are owned by institutional investors and hedge funds.