Stifel Nicolaus reissued their buy rating on shares of Netflix (NASDAQ:NFLX) in a research note issued to investors on Friday. Stifel Nicolaus currently has a $395.00 target price on the Internet television network’s stock, down from their previous target price of $406.00.

Several other equities analysts have also recently issued reports on the stock. Goldman Sachs Group reaffirmed a $375.13 rating and issued a $470.00 price objective on shares of Netflix in a research note on Wednesday, July 18th. Monness Crespi & Hardt lifted their price objective on shares of Netflix from $375.00 to $460.00 and gave the stock a buy rating in a research note on Tuesday, June 19th. Oppenheimer reaffirmed a buy rating and issued a $370.00 price objective on shares of Netflix in a research note on Thursday, June 14th. Macquarie set a $430.00 price objective on shares of Netflix and gave the stock a buy rating in a research note on Thursday, June 28th. Finally, Bank of America lifted their price objective on shares of Netflix from $352.00 to $460.00 and gave the stock a buy rating in a research note on Wednesday, June 27th. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirty-two have issued a buy rating to the stock. Netflix currently has a consensus rating of Buy and a consensus price target of $355.45.

Netflix stock traded up $18.46 during trading hours on Friday, hitting $339.56. 14,804,801 shares of the company traded hands, compared to its average volume of 10,801,604. The stock has a market cap of $162.92 billion, a price-to-earnings ratio of 271.65, a PEG ratio of 4.67 and a beta of 0.89. 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 has a 1-year low of $178.38 and a 1-year high of $423.21.

Netflix (NASDAQ:NFLX) last released its 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 firm had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.94 billion. Netflix had a net margin of 7.13% and a return on equity of 25.66%. Netflix’s quarterly revenue was up 40.3% on a year-over-year basis. During the same quarter last year, the company earned $0.15 EPS. Research analysts expect that Netflix will post 2.67 earnings per share for the current fiscal year.

In related news, CFO David B. Wells sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, July 16th. The shares were sold at an average price of $399.01, for a total transaction of $399,010.00. Following the completion of the sale, the chief financial officer now directly owns 1,000 shares in the company, valued at $399,010. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Theodore A. Sarandos sold 111,391 shares of the firm’s stock in a transaction that occurred on Monday, July 23rd. The stock was sold at an average price of $360.00, for a total transaction of $40,100,760.00. Following the sale, the insider now owns 16,065 shares of the company’s stock, valued at $5,783,400. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 420,428 shares of company stock valued at $149,631,503. 4.29% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. CSat Investment Advisory L.P. bought a new position in Netflix during the second quarter worth $117,000. Guidant Wealth Advisors increased its position in Netflix by 190.5% during the second quarter. Guidant Wealth Advisors now owns 305 shares of the Internet television network’s stock worth $121,000 after acquiring an additional 200 shares during the period. Signature Estate & Investment Advisors LLC bought a new position in Netflix during the second quarter worth $124,000. BerganKDV Wealth Management LLC bought a new position in Netflix during the second quarter worth $137,000. Finally, WealthTrust Fairport LLC increased its position in Netflix by 133.3% during the second quarter. WealthTrust Fairport LLC now owns 350 shares of the Internet television network’s stock worth $137,000 after acquiring an additional 200 shares during the period. 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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