Netflix (NASDAQ:NFLX) had its price objective increased by Royal Bank of Canada from $360.00 to $440.00 in a research report report published on Thursday morning, MarketBeat Ratings reports. The brokerage currently has an outperform rating on the Internet television network’s stock.

NFLX has been the topic of several other research reports. Societe Generale reissued a sell rating and issued a $180.00 target price on shares of Netflix in a research note on Friday, July 6th. Oppenheimer reissued a buy rating and issued a $370.00 target price on shares of Netflix in a research note on Thursday, June 14th. SunTrust Banks upped their price target on shares of Netflix from $270.00 to $415.00 and gave the stock a hold rating in a report on Friday, July 13th. Stifel Nicolaus upgraded shares of Netflix from a hold rating to a buy rating and set a $406.00 price target on the stock in a report on Tuesday, July 17th. Finally, Monness Crespi & Hardt upped their price target on shares of Netflix from $375.00 to $460.00 and gave the stock a buy rating in a report on Tuesday, June 19th. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirty have given a buy rating to the company’s stock. Netflix presently has a consensus rating of Hold and a consensus target price of $349.29.

Shares of NFLX traded up $8.85 during midday trading on Thursday, hitting $355.31. The stock had a trading volume of 236,338 shares, compared to its average volume of 9,425,005. Netflix has a 1 year low of $176.25 and a 1 year high of $423.21. The company has a market cap of $148.57 billion, a P/E ratio of 274.07, a P/E/G ratio of 4.26 and a beta of 0.90. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.86.

Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, July 16th. The Internet television network reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.05. Netflix had a net margin of 7.13% and a return on equity of 25.66%. The business had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter in the prior year, the firm posted $0.15 earnings per share. The business’s revenue for the quarter was up 40.3% on a year-over-year basis. analysts predict that Netflix will post 2.67 earnings per share for the current fiscal year.

In other Netflix news, CFO David B. Wells sold 1,000 shares of the stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $314.64, for a total transaction of $314,640.00. Following the transaction, the chief financial officer now directly owns 1,000 shares in the company, valued at approximately $314,640. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gregory K. Peters sold 6,377 shares of the stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $375.00, for a total transaction of $2,391,375.00. Following the transaction, the insider now owns 19,467 shares in the company, valued at $7,300,125. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 414,130 shares of company stock worth $151,586,648. 4.29% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of the business. CSat Investment Advisory L.P. purchased a new stake in shares of Netflix during the second quarter valued at about $117,000. Guidant Wealth Advisors lifted its position in shares of Netflix by 190.5% during the second quarter. Guidant Wealth Advisors now owns 305 shares of the Internet television network’s stock valued at $121,000 after buying an additional 200 shares during the last quarter. Signature Estate & Investment Advisors LLC purchased a new stake in shares of Netflix during the second quarter valued at about $124,000. BerganKDV Wealth Management LLC purchased a new stake in shares of Netflix during the second quarter valued at about $137,000. Finally, WealthTrust Fairport LLC lifted its position in shares of Netflix by 133.3% during the second quarter. WealthTrust Fairport LLC now owns 350 shares of the Internet television network’s stock valued at $137,000 after buying an additional 200 shares during the last quarter. Institutional investors own 73.76% of the company’s stock.

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.

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Analyst Recommendations for Netflix (NASDAQ:NFLX)

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