Netflix (NASDAQ:NFLX) had its price objective raised by CIBC from $285.00 to $370.00 in a note issued to investors on Tuesday. The firm currently has an “outperform” rating on the Internet television network’s stock. CIBC’s price objective would suggest a potential upside of 10.10% from the company’s previous close.

NFLX has been the topic of a number of other reports. Vetr cut shares of Netflix from a “hold” rating to a “sell” rating and set a $266.74 price objective on the stock. in a research note on Thursday, February 22nd. Alex. Brown lifted their price objective on shares of Netflix from $290.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday, April 10th. Credit Suisse Group reissued a “neutral” rating and issued a $266.00 price objective (up from $224.00) on shares of Netflix in a research note on Tuesday, January 23rd. Loop Capital lifted their price objective on shares of Netflix from $237.00 to $241.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Finally, Buckingham Research reissued a “neutral” rating and issued a $251.00 price objective (up from $235.00) on shares of Netflix in a research note on Thursday, January 18th. Four equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $293.44.

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Shares of NFLX traded up $28.28 during mid-day trading on Tuesday, hitting $336.06. 33,809,887 shares of the company’s stock were exchanged, compared to its average volume of 11,620,386. Netflix has a 52 week low of $138.66 and a 52 week high of $338.62. The stock has a market capitalization of $133,560.64, a PE ratio of 268.85, a P/E/G ratio of 4.21 and a beta of 0.99. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.81.

Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, April 16th. The Internet television network reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.01. Netflix had a net margin of 5.26% and a return on equity of 20.08%. The company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same period last year, the firm earned $0.40 earnings per share. The business’s revenue for the quarter was up 40.3% on a year-over-year basis. equities research analysts predict that Netflix will post 2.74 earnings per share for the current fiscal year.

In other news, CEO Reed Hastings sold 75,369 shares of Netflix stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $225.52, for a total transaction of $16,997,216.88. Following the transaction, the chief executive officer now owns 75,369 shares in the company, valued at $16,997,216.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard N. Barton sold 700 shares of the business’s stock in a transaction on Thursday, April 5th. The shares were sold at an average price of $283.39, for a total transaction of $198,373.00. Following the completion of the transaction, the director now owns 7,393 shares in the company, valued at approximately $2,095,102.27. The disclosure for this sale can be found here. In the last quarter, insiders have sold 442,200 shares of company stock worth $119,779,880. 4.90% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. increased its position in shares of Netflix by 4.1% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 46,013 shares of the Internet television network’s stock worth $8,833,000 after acquiring an additional 1,801 shares in the last quarter. Certified Advisory Corp bought a new stake in shares of Netflix during the fourth quarter worth about $378,000. Wagner Wealth Management LLC bought a new stake in shares of Netflix during the fourth quarter worth about $125,000. D.B. Root & Company LLC bought a new stake in shares of Netflix during the fourth quarter worth about $994,000. Finally, Xact Kapitalforvaltning AB increased its position in shares of Netflix by 9.4% during the fourth quarter. Xact Kapitalforvaltning AB now owns 76,669 shares of the Internet television network’s stock worth $14,717,000 after acquiring an additional 6,602 shares in the last quarter. 81.65% of the stock is owned by hedge funds and other institutional investors.

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Netflix Company Profile

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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