Netflix Inc. (NASDAQ:NFLX)’s share price was down 3.3% on Wednesday . The stock traded as low as $94.05 and last traded at $94.71, with a volume of 10,143,470 shares. The stock had previously closed at $97.91.

Several equities analysts recently weighed in on NFLX shares. Topeka Capital Markets cut their price objective on Netflix from $142.00 to $139.00 and set a “buy” rating for the company in a research report on Tuesday, April 19th. MKM Partners reissued a “buy” rating and set a $145.00 price objective on shares of Netflix in a research report on Thursday, June 30th. Vetr cut Netflix from a “buy” rating to a “hold” rating and set a $101.98 price objective for the company. in a research report on Monday, March 14th. JPMorgan Chase & Co. boosted their price objective on Netflix from $460.00 to $500.00 and gave the stock an “outperform” rating in a research report on Monday, March 28th. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $140.00 price objective on shares of Netflix in a research report on Thursday, June 23rd. Five research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $122.63.

The stock’s 50-day moving average is $95.06 and its 200-day moving average is $98.27. The stock has a market cap of $40.52 billion and a price-to-earnings ratio of 326.21.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, April 18th. The Internet television network reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.03. The firm earned $1.96 billion during the quarter, compared to analysts’ expectations of $1.97 billion. The firm’s quarterly revenue was up 24.5% on a year-over-year basis. During the same period last year, the firm posted $0.77 earnings per share. Equities research analysts expect that Netflix Inc. will post $0.27 EPS for the current year.

In other news, Director Richard N. Barton sold 700 shares of the business’s stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $92.92, for a total transaction of $65,044.00. Following the completion of the transaction, the director now directly owns 15,177 shares of the company’s stock, valued at $1,410,246.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 1,400 shares of the business’s stock in a transaction that occurred on Tuesday, April 19th. The shares were sold at an average price of $100.00, for a total transaction of $140,000.00. Following the transaction, the director now directly owns 16,262 shares of the company’s stock, valued at $1,626,200. The disclosure for this sale can be found here.

Several hedge funds and institutional investors recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its position in Netflix by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 480,288 shares of the Internet television network’s stock valued at $54,945,000 after buying an additional 24,554 shares during the last quarter. I.G. Investment Management LTD. raised its stake in shares of Netflix by 6.2% in the fourth quarter. I.G. Investment Management LTD. now owns 41,118 shares of the Internet television network’s stock valued at $4,703,000 after buying an additional 2,394 shares during the period. Redwood Investments LLC acquired a new stake in shares of Netflix during the fourth quarter valued at about $3,588,000. Trexquant Investment LP raised its stake in shares of Netflix by 18.9% in the fourth quarter. Trexquant Investment LP now owns 39,600 shares of the Internet television network’s stock valued at $4,529,000 after buying an additional 6,300 shares during the period. Finally, US Bancorp DE raised its stake in shares of Netflix by 15.4% in the fourth quarter. US Bancorp DE now owns 31,361 shares of the Internet television network’s stock valued at $3,588,000 after buying an additional 4,196 shares during the period.

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.

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