Morgan Stanley set a $210.00 price objective on Netflix, Inc. (NASDAQ:NFLX) in a research report report published on Tuesday morning. The firm currently has a buy rating on the Internet television network’s stock.

Several other research firms have also commented on NFLX. Stifel Nicolaus boosted their price objective on shares of Netflix from $155.00 to $170.00 and gave the stock a buy rating in a research report on Tuesday, April 18th. Royal Bank Of Canada reiterated an outperform rating and issued a $175.00 price objective on shares of Netflix in a research report on Monday, April 17th. FBR & Co boosted their price objective on shares of Netflix from $144.00 to $145.00 and gave the stock a mkt perform rating in a research report on Tuesday, April 18th. Jefferies Group LLC boosted their price objective on shares of Netflix from $135.00 to $141.00 and gave the stock a hold rating in a research report on Wednesday, April 19th. Finally, MKM Partners reiterated a buy rating and issued a $195.00 price objective on shares of Netflix in a research report on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-nine have issued a buy rating to the company’s stock. Netflix presently has a consensus rating of Buy and an average price target of $169.38.

Shares of Netflix (NASDAQ:NFLX) traded up 2.16% during midday trading on Tuesday, hitting $187.56. 7,862,034 shares of the stock were exchanged. The firm has a market cap of $80.91 billion, a PE ratio of 228.18 and a beta of 0.98. Netflix has a 12-month low of $85.01 and a 12-month high of $187.84. The firm has a 50-day moving average price of $158.04 and a 200 day moving average price of $148.40.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by $0.01. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Netflix had a return on equity of 12.82% and a net margin of 3.55%. Netflix’s revenue for the quarter was up 32.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.09 earnings per share. Analysts predict that Netflix will post $1.16 earnings per share for the current fiscal year.

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In other news, Director Leslie J. Kilgore sold 1,211 shares of the firm’s stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $147.38, for a total transaction of $178,477.18. Following the transaction, the director now directly owns 36,407 shares of the company’s stock, valued at $5,365,663.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gregory K. Peters sold 12,768 shares of the firm’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $177.38, for a total value of $2,264,787.84. Following the transaction, the insider now directly owns 19,208 shares in the company, valued at $3,407,115.04. The disclosure for this sale can be found here. Insiders have sold 343,728 shares of company stock worth $53,858,193 over the last three months. Corporate insiders own 4.90% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of NFLX. Clean Yield Group acquired a new position in shares of Netflix during the first quarter worth approximately $103,000. TD Capital Management LLC acquired a new position in shares of Netflix during the second quarter worth approximately $105,000. SRS Capital Advisors Inc. raised its position in shares of Netflix by 3,361.9% in the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock worth $107,000 after buying an additional 706 shares during the period. Harfst & Associates Inc. acquired a new position in shares of Netflix during the first quarter worth approximately $109,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of Netflix by 24.2% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 770 shares of the Internet television network’s stock worth $114,000 after buying an additional 150 shares during the period. 82.77% of the stock is currently owned by institutional investors.

Netflix Company Profile

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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