Netflix, Inc. (NASDAQ:NFLX) had its price target increased by equities researchers at Stifel Nicolaus from $200.00 to $230.00 in a note issued to investors on Thursday. The firm presently has a “buy” rating on the Internet television network’s stock. Stifel Nicolaus’ price objective points to a potential upside of 15.29% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Vetr lowered shares of Netflix from a “strong-buy” rating to a “buy” rating and set a $168.56 target price for the company. in a research report on Monday, June 19th. Goldman Sachs Group, Inc. (The) set a $175.00 target price on shares of Netflix and gave the company a “buy” rating in a research report on Wednesday, June 28th. Guggenheim reiterated a “buy” rating and set a $180.00 target price (up from $175.00) on shares of Netflix in a research report on Tuesday, June 20th. MKM Partners reiterated a “buy” rating and set a $195.00 target price on shares of Netflix in a research report on Monday, July 10th. Finally, Canaccord Genuity lifted their target price on shares of Netflix from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, June 16th. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and thirty-one have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $191.24.

Shares of Netflix (NASDAQ:NFLX) traded up 1.85% during mid-day trading on Thursday, hitting $199.49. 12,081,252 shares of the stock were exchanged. The stock has a market capitalization of $86.13 billion, a price-to-earnings ratio of 242.69 and a beta of 1.09. Netflix has a 52 week low of $98.38 and a 52 week high of $200.82. The stock’s 50-day moving average is $182.85 and its 200-day moving average is $165.58.

Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing the 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 for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the previous year, the firm earned $0.09 earnings per share. The company’s revenue for the quarter was up 32.3% compared to the same quarter last year. Analysts forecast that Netflix will post $1.19 earnings per share for the current fiscal year.

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In related news, Director Richard N. Barton sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $196.16, for a total transaction of $392,320.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Reed Hastings sold 109,214 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $188.61, for a total value of $20,598,852.54. Following the sale, the chief executive officer now owns 109,214 shares of the company’s stock, valued at $20,598,852.54. The disclosure for this sale can be found here. Insiders sold 318,067 shares of company stock valued at $57,315,706 over the last 90 days. Company insiders own 4.90% of the company’s stock.

Large investors have recently modified their holdings of the business. Quadrant Capital Group LLC lifted its stake in shares of Netflix by 0.6% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock valued at $229,000 after purchasing an additional 10 shares during the last quarter. Guardian Life Insurance Co. of America lifted its stake in Netflix by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock worth $245,000 after acquiring an additional 11 shares in the last quarter. M Holdings Securities Inc. lifted its stake in Netflix by 0.5% during the 1st quarter. M Holdings Securities Inc. now owns 2,467 shares of the Internet television network’s stock worth $365,000 after acquiring an additional 12 shares in the last quarter. Heritage Investors Management Corp lifted its stake in Netflix by 0.6% during the 2nd quarter. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network’s stock worth $298,000 after acquiring an additional 12 shares in the last quarter. Finally, Kalos Management Inc. lifted its stake in Netflix by 0.7% during the 2nd quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock worth $242,000 after acquiring an additional 12 shares in the last quarter. Institutional investors own 81.02% of the company’s stock.

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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