Investors bought shares of Netflix Inc. (NASDAQ:NFLX) on weakness during trading on Friday. $221.86 million flowed into the stock on the tick-up and $124.92 million flowed out of the stock on the tick-down, for a money net flow of $96.94 million into the stock. Of all companies tracked, Netflix had the 8th highest net in-flow for the day. Netflix traded down ($0.40) for the day and closed at $91.25

NFLX has been the subject of several recent research reports. Morgan Stanley restated a “buy” rating on shares of Netflix in a research report on Saturday, April 9th. Pacific Crest reiterated a “buy” rating and issued a $140.00 target price on shares of Netflix in a research report on Monday, April 4th. Cowen and Company reiterated a “buy” rating and issued a $155.00 target price on shares of Netflix in a research report on Tuesday, April 5th. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 target price on shares of Netflix in a research report on Monday, April 11th. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $140.00 target price on shares of Netflix in a research report on Tuesday, April 12th. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $112.45.

The stock has a market capitalization of $39.12 billion and a PE ratio of 285.16. The company has a 50 day moving average price of $92.57 and a 200 day moving average price of $95.85.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, July 18th. The Internet television network reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. During the same period in the prior year, the company earned $0.06 earnings per share. The firm earned $2.11 billion during the quarter, compared to analyst estimates of $2.11 billion. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. Equities research analysts anticipate that Netflix Inc. will post $0.28 EPS for the current year.

In other news, Director Richard N. Barton sold 2,800 shares of the company’s stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $101.45, for a total transaction of $284,060.00. Following the completion of the sale, the director now directly owns 16,262 shares in the company, valued at approximately $1,649,779.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Reed Hastings sold 85,659 shares of the company’s stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $94.55, for a total value of $8,099,058.45. Following the sale, the chief executive officer now owns 85,659 shares of the company’s stock, valued at $8,099,058.45. The disclosure for this sale can be found here.

Other hedge funds recently added to or reduced their stakes in the company. Atlanta Capital Group increased its stake in Netflix by 9.7% in the fourth quarter. Atlanta Capital Group now owns 24,687 shares of the Internet television network’s stock worth $2,824,000 after buying an additional 2,175 shares during the last quarter. Suntrust Banks Inc. increased its stake in Netflix by 305.3% in the fourth quarter. Suntrust Banks Inc. now owns 10,271 shares of the Internet television network’s stock worth $1,174,000 after buying an additional 7,737 shares during the last quarter. UBS Oconnor LLC bought a new stake in Netflix during the fourth quarter worth $4,196,000. Advantus Capital Management Inc increased its stake in Netflix by 3.7% in the fourth quarter. Advantus Capital Management Inc now owns 41,521 shares of the Internet television network’s stock worth $4,749,000 after buying an additional 1,495 shares during the last quarter. Finally, Atlantic Trust Group LLC increased its stake in Netflix by 19.5% in the fourth quarter. Atlantic Trust Group LLC now owns 16,592 shares of the Internet television network’s stock worth $1,899,000 after buying an additional 2,712 shares during the last quarter.

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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