Netflix Inc. (NASDAQ:NFLX)’s share price rose 1.5% during trading on Wednesday . The company traded as high as $96.93 and last traded at $96.51, with a volume of 5,894,930 shares. The stock had previously closed at $95.12.

NFLX has been the topic of a number of recent research reports. Pacific Crest reaffirmed a “buy” rating and set a $130.00 price target (down from $140.00) on shares of Netflix in a research report on Tuesday, April 19th. Piper Jaffray Cos. reaffirmed a “buy” rating and set a $122.00 price target on shares of Netflix in a research report on Tuesday, April 19th. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and set a $123.00 price target (down from $140.00) on shares of Netflix in a research report on Tuesday, April 19th. Stifel Nicolaus reissued a “buy” rating on shares of Netflix in a report on Tuesday, April 19th. Finally, Drexel Hamilton reissued a “buy” rating on shares of Netflix in a report on Tuesday, April 19th. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-seven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $112.41.

The firm has a market capitalization of $41.32 billion and a P/E ratio of 301.16. The company has a 50 day moving average price of $93.70 and a 200 day moving average price of $95.18.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, July 18th. The Internet television network reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.07. The firm earned $2.11 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the previous year, the firm earned $0.06 EPS. The business’s revenue was up 19.5% compared to the same quarter last year. On average, equities research analysts expect that Netflix Inc. will post $0.28 EPS for the current fiscal year.

In related news, Director Jay C. Hoag bought 300,000 shares of the business’s stock in a transaction dated Tuesday, August 9th. The shares were purchased at an average price of $94.31 per share, with a total value of $28,293,000.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jay C. Hoag bought 600,000 shares of the business’s stock in a transaction dated Monday, July 25th. The shares were bought at an average cost of $86.43 per share, for a total transaction of $51,858,000.00. The disclosure for this purchase can be found here.

Several institutional investors recently added to or reduced their stakes in NFLX. I.G. Investment Management LTD. increased its position in 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 in the last quarter. US Bancorp DE increased its position in 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 in the last quarter. Calvert Investment Management Inc. increased its position in Netflix by 32.7% in the fourth quarter. Calvert Investment Management Inc. now owns 21,425 shares of the Internet television network’s stock valued at $2,451,000 after buying an additional 5,276 shares in the last quarter. Victory Capital Management Inc. increased its position in 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. Finally, Trexquant Investment LP increased its position in 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 in the last quarter.

Netflix, Inc (Netflix) is a provider of Internet television network. The Company’s members can watch original series, documentaries and feature films in 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.

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