Netflix Inc. (NASDAQ:NFLX) rose 2.8% during mid-day trading on Monday . The stock traded as high as $93.83 and last traded at $93.83, with a volume of 6,294,534 shares. The stock had previously closed at $91.25.

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

The stock has a market cap of $40.46 billion and a PE ratio of 294.91. The stock’s 50 day moving average is $92.59 and its 200-day moving average is $95.53.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, July 18th. The Internet television network reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.07. The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter last year, the company posted $0.06 earnings per share. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. On average, analysts forecast that Netflix Inc. will post $0.28 earnings per share for the current fiscal year.

In other news, Director Richard N. Barton sold 1,400 shares of the company’s stock in a transaction on Thursday, May 12th. The shares were sold at an average price of $91.29, for a total transaction of $127,806.00. Following the completion of the transaction, the director now directly owns 15,562 shares in the company, valued at $1,420,654.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jay C. Hoag purchased 600,000 shares of the stock in a transaction dated Monday, July 25th. The shares were bought at an average price of $86.43 per share, with a total value of $51,858,000.00. The disclosure for this purchase can be found here.

Other hedge funds have modified their holdings of the company. Victory Capital Management Inc. boosted its stake in shares of Netflix by 179.1% in the fourth quarter. Victory Capital Management Inc. now owns 9,091 shares of the Internet television network’s stock valued at $1,040,000 after buying an additional 5,834 shares in the last quarter. Suntrust Banks Inc. boosted its stake in shares of Netflix by 305.3% in the fourth quarter. Suntrust Banks Inc. now owns 10,271 shares of the Internet television network’s stock valued at $1,174,000 after buying an additional 7,737 shares in the last quarter. Atlantic Trust Group LLC boosted its stake in shares of Netflix by 19.5% in the fourth quarter. Atlantic Trust Group LLC now owns 16,592 shares of the Internet television network’s stock valued at $1,899,000 after buying an additional 2,712 shares in the last quarter. Atlanta Capital Group boosted its stake in shares of Netflix by 9.7% in the fourth quarter. Atlanta Capital Group now owns 24,687 shares of the Internet television network’s stock valued at $2,824,000 after buying an additional 2,175 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of Netflix by 1,209.6% in the fourth quarter. Advisors Asset Management Inc. now owns 27,502 shares of the Internet television network’s stock valued at $3,146,000 after buying an additional 25,402 shares in 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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