FBR & Co restated their market perform rating on shares of Netflix Inc. (NASDAQ:NFLX) in a research report released on Thursday morning. The brokerage currently has a $90.00 target price on the Internet television network’s stock.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

Other equities research analysts also recently issued research reports about the company. MKM Partners set a $145.00 target price on Netflix and gave the stock a buy rating in a research report on Thursday, May 26th. Royal Bank Of Canada restated a buy rating on shares of Netflix in a research report on Tuesday, May 24th. Vetr downgraded Netflix from a strong-buy rating to a buy rating and set a $106.10 target price for the company. in a research report on Monday, May 23rd. Cantor Fitzgerald restated a buy rating on shares of Netflix in a research report on Sunday, May 22nd. Finally, Morgan Stanley restated a buy rating and set a $125.00 target price on shares of Netflix in a research report on Monday, June 6th. Seven research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-seven have issued a buy rating to the company. Netflix has a consensus rating of Hold and a consensus target price of $110.46.

Shares of Netflix (NASDAQ:NFLX) opened at 98.06 on Thursday. The company has a 50-day moving average price of $96.47 and a 200 day moving average price of $96.23. The stock has a market capitalization of $42.04 billion, a P/E ratio of 306.44 and a beta of 1.71. Netflix has a 52 week low of $79.95 and a 52 week high of $133.27.

Netflix (NASDAQ:NFLX) last released its earnings results on Monday, July 18th. The Internet television network reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. The company earned $2.11 billion during the quarter, compared to the consensus estimate of $2.11 billion. Netflix had a return on equity of 5.59% and a net margin of 1.85%. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.06 earnings per share. Analysts forecast that Netflix will post $0.29 earnings per share for the current fiscal year.

In related news, Director Richard N. Barton sold 1,400 shares of Netflix stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $97.86, for a total value of $137,004.00. Following the sale, the director now owns 15,562 shares of the company’s stock, valued at approximately $1,522,897.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard N. Barton sold 700 shares of Netflix stock in a transaction that occurred on Wednesday, July 6th. The stock was sold at an average price of $95.03, for a total transaction of $66,521.00. Following the completion of the sale, the director now directly owns 15,562 shares in the company, valued at approximately $1,478,856.86. The disclosure for this sale can be found here. 4.90% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of NFLX. Benjamin F. Edwards & Company Inc. boosted its stake in Netflix by 0.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,848 shares of the Internet television network’s stock worth $291,000 after buying an additional 19 shares during the period. Concorde Asset Management LLC boosted its stake in shares of Netflix by 0.5% in the second quarter. Concorde Asset Management LLC now owns 4,205 shares of the Internet television network’s stock worth $385,000 after buying an additional 20 shares during the last quarter. Coconut Grove Bank boosted its stake in shares of Netflix by 1.7% in the second quarter. Coconut Grove Bank now owns 1,526 shares of the Internet television network’s stock worth $140,000 after buying an additional 26 shares during the last quarter. Conning Inc. boosted its stake in shares of Netflix by 0.3% in the second quarter. Conning Inc. now owns 10,915 shares of the Internet television network’s stock worth $999,000 after buying an additional 30 shares during the last quarter. Finally, Mycio Wealth Partners LLC boosted its stake in shares of Netflix by 1.5% in the second quarter. Mycio Wealth Partners LLC now owns 2,348 shares of the Internet television network’s stock worth $215,000 after buying an additional 35 shares during the last quarter. 78.43% of the stock is currently owned by institutional investors.

Netflix Company Profile

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.

5 Day Chart for NASDAQ:NFLX

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