Netflix (NASDAQ:NFLX) had its target price upped by equities research analysts at Oppenheimer from $285.00 to $370.00 in a report issued on Tuesday. The firm presently has an “outperform” rating on the Internet television network’s stock. Oppenheimer’s price target indicates a potential upside of 20.22% from the stock’s previous close.

Several other analysts have also commented on the stock. Pivotal Research reaffirmed a “buy” rating and issued a $420.00 price objective on shares of Netflix in a research report on Tuesday. Canaccord Genuity reissued a “buy” rating and issued a $350.00 price target on shares of Netflix in a research report on Tuesday. Jefferies Group reissued a “hold” rating and issued a $312.00 price target on shares of Netflix in a research report on Tuesday. Aegis reissued a “hold” rating and issued a $230.00 price target on shares of Netflix in a research report on Monday. Finally, BMO Capital Markets reissued a “hold” rating and issued a $310.00 price target on shares of Netflix in a research report on Monday. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirty-five have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $276.34.

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Shares of NFLX stock opened at $307.78 on Tuesday. The stock has a market capitalization of $135,240.03, a price-to-earnings ratio of 246.22, a P/E/G ratio of 4.27 and a beta of 0.99. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.40 and a current ratio of 1.40. Netflix has a 52 week low of $138.66 and a 52 week high of $333.98.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, April 16th. The Internet television network reported $0.64 EPS for the quarter, hitting the consensus estimate of $0.64. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.69 billion. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The company’s revenue for the quarter was up 40.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 earnings per share. research analysts predict that Netflix will post 2.74 earnings per share for the current year.

In other news, insider Theodore A. Sarandos sold 163,747 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $262.91, for a total value of $43,050,723.77. Following the completion of the sale, the insider now directly owns 23,953 shares in the company, valued at approximately $6,297,483.23. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard N. Barton sold 350 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $263.00, for a total transaction of $92,050.00. Following the completion of the sale, the director now owns 7,332 shares of the company’s stock, valued at $1,928,316. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 442,200 shares of company stock valued at $119,779,880. Company insiders own 4.90% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Duncker Streett & Co. Inc. raised its holdings in Netflix by 47.1% during the 4th quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock valued at $120,000 after buying an additional 200 shares during the last quarter. Buckingham Asset Management LLC raised its holdings in Netflix by 9.2% during the 4th quarter. Buckingham Asset Management LLC now owns 2,386 shares of the Internet television network’s stock valued at $458,000 after buying an additional 202 shares during the last quarter. CWA Asset Management Group LLC raised its holdings in Netflix by 8.5% during the 4th quarter. CWA Asset Management Group LLC now owns 2,700 shares of the Internet television network’s stock valued at $518,000 after buying an additional 211 shares during the last quarter. Hanseatic Management Services Inc. raised its holdings in Netflix by 3.6% during the 4th quarter. Hanseatic Management Services Inc. now owns 6,256 shares of the Internet television network’s stock valued at $1,201,000 after buying an additional 219 shares during the last quarter. Finally, Murphy Capital Management Inc. raised its holdings in Netflix by 5.4% during the 4th quarter. Murphy Capital Management Inc. now owns 4,316 shares of the Internet television network’s stock valued at $828,000 after buying an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 81.65% of the company’s stock.

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About Netflix

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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