Robert W. Baird set a $370.00 price target on Netflix (NASDAQ:NFLX) in a research note issued to investors on Tuesday. The firm currently has a neutral rating on the Internet television network’s stock.

Several other brokerages have also recently commented on NFLX. Royal Bank of Canada reissued a buy rating and issued a $360.00 price target on shares of Netflix in a research note on Friday, June 1st. UBS Group cut Netflix from a buy rating to a neutral rating and lowered their price target for the company from $425.00 to $237.00 in a research note on Wednesday, July 11th. Goldman Sachs Group reissued a $375.13 rating and issued a $470.00 price target on shares of Netflix in a research note on Wednesday, July 18th. Atlantic Securities reissued a buy rating and issued a $413.00 price target on shares of Netflix in a research note on Monday. Finally, SunTrust Banks boosted their price target on Netflix from $270.00 to $415.00 and gave the company a hold rating in a research note on Friday, July 13th. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirty have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $349.29.

Shares of NASDAQ NFLX opened at $346.46 on Tuesday. The company has a market capitalization of $148.57 billion, a P/E ratio of 277.17, a PEG ratio of 4.26 and a beta of 0.90. Netflix has a 52 week low of $176.25 and a 52 week high of $423.21. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.54 and a quick ratio of 1.54.

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

In related news, insider Theodore A. Sarandos sold 111,391 shares of the company’s stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $360.00, for a total value of $40,100,760.00. Following the completion of the transaction, the insider now directly owns 16,065 shares in the company, valued at $5,783,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Leslie J. Kilgore sold 472 shares of the company’s stock in a transaction on Tuesday, June 19th. The shares were sold at an average price of $401.00, for a total value of $189,272.00. Following the completion of the transaction, the director now owns 35,668 shares of the company’s stock, valued at $14,302,868. The disclosure for this sale can be found here. Insiders sold 414,130 shares of company stock valued at $151,586,648 over the last three months. 4.29% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its stake in shares of Netflix by 2.3% in the second quarter. BlackRock Inc. now owns 27,436,409 shares of the Internet television network’s stock valued at $10,739,434,000 after purchasing an additional 619,795 shares in the last quarter. FMR LLC raised its stake in Netflix by 6.1% during the second quarter. FMR LLC now owns 26,511,408 shares of the Internet television network’s stock worth $10,377,360,000 after acquiring an additional 1,534,290 shares in the last quarter. Baillie Gifford & Co. raised its stake in Netflix by 12.0% during the first quarter. Baillie Gifford & Co. now owns 7,794,760 shares of the Internet television network’s stock worth $2,302,183,000 after acquiring an additional 837,285 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Netflix by 2.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,565,543 shares of the Internet television network’s stock worth $757,733,000 after acquiring an additional 59,075 shares in the last quarter. Finally, Edgewood Management LLC raised its stake in Netflix by 2.3% during the second quarter. Edgewood Management LLC now owns 2,523,740 shares of the Internet television network’s stock worth $987,868,000 after acquiring an additional 55,566 shares in the last quarter. Institutional investors and hedge funds own 73.76% of the company’s stock.

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.

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Analyst Recommendations for Netflix (NASDAQ:NFLX)

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