SunTrust Banks set a $410.00 price target on Netflix (NASDAQ:NFLX) in a research note released on Wednesday. The brokerage currently has a buy rating on the Internet television network’s stock.

A number of other equities analysts also recently issued reports on NFLX. Pivotal Research increased their price target on shares of Netflix from $420.00 to $500.00 and gave the stock a buy rating in a research note on Thursday, June 21st. Piper Jaffray Companies raised their target price on shares of Netflix from $367.00 to $420.00 and gave the company an overweight rating in a research note on Tuesday, June 19th. BidaskClub downgraded shares of Netflix from a buy rating to a hold rating in a research note on Saturday, October 6th. Monness Crespi & Hardt decreased their target price on shares of Netflix from $460.00 to $430.00 and set a buy rating for the company in a research note on Tuesday, July 17th. Finally, Sanford C. Bernstein reaffirmed a buy rating and set a $434.00 target price on shares of Netflix in a research note on Tuesday, July 17th. Five equities 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 company. Netflix has a consensus rating of Buy and an average target price of $355.45.

NFLX stock traded up $18.46 during trading on Wednesday, reaching $339.56. The company had a trading volume of 14,804,801 shares, compared to its average volume of 10,801,604. Netflix has a 52 week low of $178.38 and a 52 week high of $423.21. The company has a market cap of $162.92 billion, a P/E ratio of 271.65, a PEG ratio of 4.67 and a beta of 0.89. 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 released its quarterly earnings results on Monday, July 16th. The Internet television network reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.94 billion. During the same period in the prior year, the firm earned $0.15 earnings per share. Netflix’s revenue was up 40.3% on a year-over-year basis. On average, equities research analysts expect that Netflix will post 2.67 earnings per share for the current fiscal year.

In related news, General Counsel David A. Hyman sold 38,976 shares of the firm’s stock in a transaction that occurred on Thursday, July 19th. The shares were sold at an average price of $371.20, for a total transaction of $14,467,891.20. Following the completion of the sale, the general counsel now owns 43,895 shares of the company’s stock, valued at $16,293,824. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard N. Barton sold 350 shares of the firm’s stock in a transaction that occurred on Thursday, October 11th. The shares were sold at an average price of $324.94, for a total transaction of $113,729.00. Following the sale, the director now directly owns 7,314 shares of the company’s stock, valued at approximately $2,376,611.16. The disclosure for this sale can be found here. Insiders have sold 420,428 shares of company stock valued at $149,631,503 in the last three months. 4.29% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the stock. Berkeley Capital Partners LLC boosted its stake in shares of Netflix by 17.3% during the 2nd quarter. Berkeley Capital Partners LLC now owns 1,008 shares of the Internet television network’s stock worth $273,000 after acquiring an additional 149 shares during the last quarter. Capstone Financial Advisors Inc. boosted its stake in shares of Netflix by 17.8% during the 2nd quarter. Capstone Financial Advisors Inc. now owns 1,006 shares of the Internet television network’s stock worth $394,000 after acquiring an additional 152 shares during the last quarter. Cornerstone Advisors Inc. boosted its stake in shares of Netflix by 9.6% during the 2nd quarter. Cornerstone Advisors Inc. now owns 1,740 shares of the Internet television network’s stock worth $681,000 after acquiring an additional 153 shares during the last quarter. Cobblestone Capital Advisors LLC NY boosted its stake in shares of Netflix by 22.1% during the 2nd quarter. Cobblestone Capital Advisors LLC NY now owns 855 shares of the Internet television network’s stock worth $335,000 after acquiring an additional 155 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its stake in shares of Netflix by 30.6% during the 3rd quarter. Sound Income Strategies LLC now owns 675 shares of the Internet television network’s stock worth $253,000 after acquiring an additional 158 shares during the last quarter. Institutional investors 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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