Netflix, Inc. (NASDAQ:NFLX) has earned a consensus rating of “Buy” from the forty-seven research firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-eight have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $178.29.

A number of brokerages recently weighed in on NFLX. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $205.00 price objective (up from $165.00) on shares of Netflix in a research note on Tuesday, July 18th. William Blair reissued an “outperform” rating and issued a $165.00 price objective on shares of Netflix in a research note on Saturday, April 22nd. Vetr raised Netflix from a “sell” rating to a “hold” rating and set a $158.60 price objective on the stock in a research note on Monday, May 15th. Cantor Fitzgerald raised their price objective on Netflix from $165.00 to $190.00 and gave the company an “overweight” rating in a research note on Tuesday, June 6th. Finally, MKM Partners raised their price objective on Netflix from $195.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, July 27th.

In other news, insider Gregory K. Peters sold 6,853 shares of the company’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $164.29, for a total transaction of $1,125,879.37. Following the completion of the transaction, the insider now directly owns 19,943 shares of the company’s stock, valued at $3,276,435.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gregory K. Peters sold 12,768 shares of the company’s stock in a transaction dated Tuesday, July 18th. The stock was 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 of the company’s stock, valued at $3,407,115.04. The disclosure for this sale can be found here. Insiders sold 389,801 shares of company stock valued at $64,889,201 over the last 90 days. Corporate insiders own 4.90% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Guardian Life Insurance Co. of America boosted its position in Netflix by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock valued at $245,000 after buying an additional 11 shares in the last quarter. Teachers Advisors LLC boosted its position in Netflix by 2.0% in the first quarter. Teachers Advisors LLC now owns 1,300,531 shares of the Internet television network’s stock valued at $192,231,000 after buying an additional 25,266 shares in the last quarter. Banco Santander S.A. purchased a new position in Netflix during the first quarter valued at $43,264,000. Bronfman E.L. Rothschild L.P. boosted its position in Netflix by 0.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,134 shares of the Internet television network’s stock valued at $168,000 after buying an additional 9 shares in the last quarter. Finally, Twin Capital Management Inc. boosted its position in Netflix by 0.8% in the first quarter. Twin Capital Management Inc. now owns 16,900 shares of the Internet television network’s stock valued at $2,498,000 after buying an additional 130 shares in the last quarter. 82.94% of the stock is owned by institutional investors.

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Netflix (NASDAQ NFLX) traded up 0.27% on Friday, reaching $166.54. 7,385,736 shares of the company’s stock were exchanged. Netflix has a 1-year low of $93.26 and a 1-year high of $191.50. The stock has a market capitalization of $71.90 billion, a P/E ratio of 202.60 and a beta of 1.02. The firm’s 50 day moving average is $170.82 and its 200 day moving average is $154.74.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the previous year, the business posted $0.09 earnings per share. The firm’s revenue was up 32.3% on a year-over-year basis. Analysts expect that Netflix will post $1.19 EPS for the current year.

About Netflix

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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