Netflix Inc. (NASDAQ:NFLX)’s share price fell 2.6% during trading on Monday . The company traded as low as $94.00 and last traded at $94.54, with a volume of 6,997,658 shares traded. The stock had previously closed at $97.03.

NFLX has been the subject of a number of recent analyst reports. FBR & Co reaffirmed a “hold” rating on shares of Netflix in a research report on Sunday, April 17th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Netflix in a research report on Sunday, May 22nd. Jefferies Group reaffirmed a “hold” rating on shares of Netflix in a research report on Saturday, June 4th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $140.00 target price on shares of Netflix in a research report on Tuesday, June 28th. Finally, Wedbush reaffirmed an “underperform” rating and set a $50.00 target price (up previously from $45.00) on shares of Netflix in a research report on Sunday, July 17th. Five investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $112.41.

The stock’s 50 day moving average is $92.59 and its 200-day moving average is $95.25. The stock has a market capitalization of $40.78 billion and a price-to-earnings ratio of 297.22.

Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, July 18th. The Internet television network reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.07. During the same quarter in the prior year, the business earned $0.06 EPS. The company earned $2.11 billion during the quarter, compared to the consensus estimate of $2.11 billion. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. Analysts predict that Netflix Inc. will post $0.28 earnings per share for the current fiscal year.

In related news, Director Richard N. Barton sold 2,800 shares of the 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 completion of the sale, the director now directly owns 16,262 shares of the company’s stock, valued at $1,649,779.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jay C. Hoag purchased 600,000 shares of the firm’s stock in a transaction that occurred on Monday, July 25th. The shares were acquired at an average cost of $86.43 per share, with a total value of $51,858,000.00. The disclosure for this purchase can be found here.

A number of hedge funds have recently added to or reduced their stakes in the company. 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. Atlantic Trust Group LLC increased its stake in Netflix by 19.5% in the fourth quarter. Atlantic Trust Group LLC now owns 16,592 shares of the Internet television network’s stock worth $1,899,000 after buying an additional 2,712 shares in the last quarter. Advisors Asset Management Inc. increased its stake in 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 worth $3,146,000 after buying an additional 25,402 shares in the last quarter. Finally, US Bancorp DE increased its stake in Netflix by 15.4% in the fourth quarter. US Bancorp DE now owns 31,361 shares of the Internet television network’s stock worth $3,588,000 after buying an additional 4,196 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.