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

Several analysts have weighed in on the stock. Morgan Stanley reiterated a “buy” rating and issued a $125.00 price objective on shares of Netflix in a research note on Monday, June 6th. Needham & Company LLC cut shares of Netflix from a “buy” rating to a “hold” rating and boosted their target price for the company from $95.15 to $96.67 in a research report on Tuesday, July 5th. Piper Jaffray Cos. restated an “overweight” rating and issued a $122.00 target price on shares of Netflix in a research report on Monday, May 23rd. Bank of America Corp. restated a “buy” rating and issued a $146.00 target price on shares of Netflix in a research report on Friday. Finally, Wedbush boosted their target price on shares of Netflix from $45.00 to $50.00 and gave the company an “underperform” rating in a research report on Tuesday, July 19th. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $111.32.

The firm has a market capitalization of $41.83 billion and a price-to-earnings ratio of 304.94. The firm has a 50-day moving average price of $94.06 and a 200 day moving average price of $95.51.

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

In related news, Director Richard N. Barton sold 2,800 shares of Netflix stock in a transaction that occurred 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 transaction, the director now owns 16,262 shares in the company, valued at $1,649,779.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Reed Hastings sold 113,708 shares of Netflix stock in a transaction that occurred on Monday, June 20th. The stock was sold at an average price of $94.85, for a total value of $10,785,203.80. Following the transaction, the chief executive officer now owns 113,708 shares in the company, valued at approximately $10,785,203.80. The disclosure for this sale can be found here.

A number of large investors have bought and sold shares of the stock. I.G. Investment Management LTD. increased its stake 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 worth $4,703,000 after buying an additional 2,394 shares in the last quarter. Victory Capital Management Inc. increased its stake 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 worth $1,040,000 after buying an additional 5,834 shares in 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 in the last quarter. KBC Group NV increased its stake in 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 in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake 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 worth $54,945,000 after buying an additional 24,554 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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