Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “buy” rating restated by investment analysts at Buckingham Research in a note issued to investors on Monday. They presently have a $214.00 target price on the Internet television network’s stock. Buckingham Research’s price target points to a potential upside of 8.07% from the stock’s previous close.

A number of other brokerages have also weighed in on NFLX. Piper Jaffray Companies reaffirmed a “buy” rating and set a $215.00 target price on shares of Netflix in a research report on Monday, September 18th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $210.00 target price on shares of Netflix in a research report on Friday. Vetr raised Netflix from a “sell” rating to a “hold” rating and set a $165.75 target price on the stock in a research report on Thursday, August 10th. MKM Partners reaffirmed a “buy” rating and set a $195.00 target price on shares of Netflix in a research report on Monday, July 10th. Finally, J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Netflix in a research report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirty-one have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $187.47.

Shares of Netflix (NASDAQ:NFLX) traded down 0.448% during trading on Monday, hitting $197.133. 5,428,767 shares of the stock traded hands. The firm has a market cap of $85.11 billion, a P/E ratio of 239.821 and a beta of 1.09. Netflix has a 52 week low of $97.63 and a 52 week high of $199.40. The company has a 50-day moving average of $178.79 and a 200-day moving average of $163.66.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Netflix had a return on equity of 12.82% and a net margin of 3.55%. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same period in the previous year, the company earned $0.09 earnings per share. Netflix’s revenue for the quarter was up 32.3% compared to the same quarter last year. On average, analysts forecast that Netflix will post $1.18 EPS for the current fiscal year.

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In other Netflix news, Director Leslie J. Kilgore sold 903 shares of Netflix stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $194.00, for a total transaction of $175,182.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jonathan Friedland sold 3,622 shares of Netflix stock in a transaction on Friday, October 6th. The shares were sold at an average price of $194.89, for a total value of $705,891.58. The disclosure for this sale can be found here. In the last 90 days, insiders sold 316,067 shares of company stock valued at $56,923,386. 4.90% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in NFLX. Victory Capital Management Inc. raised its stake in Netflix by 89.3% during the first quarter. Victory Capital Management Inc. now owns 42,006 shares of the Internet television network’s stock valued at $6,209,000 after buying an additional 19,812 shares during the last quarter. Blair William & Co. IL raised its stake in Netflix by 11.1% during the first quarter. Blair William & Co. IL now owns 278,821 shares of the Internet television network’s stock valued at $39,635,000 after buying an additional 27,826 shares during the last quarter. American International Group Inc. raised its stake in Netflix by 0.4% during the first quarter. American International Group Inc. now owns 179,122 shares of the Internet television network’s stock valued at $26,476,000 after buying an additional 721 shares during the last quarter. Neuberger Berman Group LLC raised its stake in Netflix by 3.6% during the first quarter. Neuberger Berman Group LLC now owns 77,874 shares of the Internet television network’s stock valued at $11,511,000 after buying an additional 2,723 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. raised its stake in Netflix by 14.9% during the first quarter. Cornerstone Capital Management Holdings LLC. now owns 92,517 shares of the Internet television network’s stock valued at $13,674,000 after buying an additional 11,980 shares during the last quarter. Institutional investors and hedge funds own 81.02% of the company’s stock.

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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