Netflix Inc. (NASDAQ:NFLX) shares shot up 2.7% during mid-day trading on Thursday . The company traded as high as $98.25 and last traded at $97.78, with a volume of 7,770,546 shares traded. The stock had previously closed at $95.18.

A number of brokerages have issued reports on NFLX. Vetr lowered shares of Netflix from a “buy” rating to a “hold” rating and set a $106.23 target price on the stock. in a research report on Monday, May 30th. MKM Partners set a $145.00 price target on shares of Netflix and gave the stock a “buy” rating in a research report on Thursday, May 26th. Cantor Fitzgerald reiterated a “buy” rating and set a $140.00 price target on shares of Netflix in a research report on Tuesday, May 31st. Morgan Stanley reiterated a “buy” rating and set a $125.00 price target on shares of Netflix in a research report on Monday, June 6th. Finally, Jefferies Group reiterated a “hold” rating on shares of Netflix in a research report on Saturday, June 4th. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $112.41.

The company’s 50 day moving average price is $93.91 and its 200-day moving average price is $95.39. The stock has a market capitalization of $41.72 billion and a P/E ratio of 304.12.

Netflix (NASDAQ:NFLX) last released its earnings results on Monday, July 18th. The Internet television network reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. The firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the previous year, the business posted $0.06 EPS. Netflix’s revenue was up 19.5% on a year-over-year basis. Equities research analysts anticipate that Netflix Inc. will post $0.29 earnings per share for the current fiscal year.

In other Netflix news, CEO Reed Hastings sold 102,340 shares of the stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $95.21, for a total transaction of $9,743,791.40. Following the completion of the sale, the chief executive officer now directly owns 102,340 shares of the company’s stock, valued at approximately $9,743,791.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard N. Barton sold 2,800 shares of the stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $101.45, for a total transaction of $284,060.00. Following the sale, the director now directly owns 16,262 shares of the company’s stock, valued at $1,649,779.90. The disclosure for this sale can be found here.

A number of large investors recently made changes to their positions in the stock. Ameriprise Financial Inc. raised its stake in shares of Netflix by 11.6% in the fourth quarter. Ameriprise Financial Inc. now owns 596,407 shares of the Internet television network’s stock worth $68,245,000 after buying an additional 61,924 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Netflix by 2.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,104,516 shares of the Internet television network’s stock worth $126,335,000 after buying an additional 28,933 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Netflix by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 480,288 shares of the Internet television network’s stock worth $54,945,000 after buying an additional 24,554 shares during the period. KBC Group NV raised its stake in shares of Netflix by 110.0% in the fourth quarter. KBC Group NV now owns 43,905 shares of the Internet television network’s stock worth $5,022,000 after buying an additional 22,998 shares during the period. Finally, Suntrust Banks Inc. raised 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 worth $1,174,000 after buying an additional 7,737 shares during the period.

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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