Netflix (NASDAQ:NFLX)‘s stock had its “buy” rating reissued by equities researchers at Morgan Stanley in a research note issued to investors on Tuesday. They presently have a $450.00 target price on the Internet television network’s stock. Morgan Stanley’s price objective would suggest a potential upside of 23.75% from the stock’s previous close.

A number of other research firms also recently weighed in on NFLX. UBS Group downgraded Netflix from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $425.00 to $237.00 in a research note on Wednesday, July 11th. Credit Suisse Group reaffirmed a “neutral” rating and set a $330.00 price target on shares of Netflix in a research note on Thursday, June 21st. JPMorgan Chase & Co. reissued a “buy” rating and set a $385.00 price objective on shares of Netflix in a report on Wednesday, July 11th. Pivotal Research boosted their price objective on Netflix from $420.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, June 21st. Finally, Nomura initiated coverage on Netflix in a report on Tuesday, July 10th. They set a “neutral” rating and a $370.00 price objective for the company. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirty-two have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $365.68.

NFLX stock traded up $17.24 during trading on Tuesday, reaching $363.64. 654,492 shares of the stock were exchanged, compared to its average volume of 10,850,155. Netflix has a twelve month low of $178.38 and a twelve month high of $423.21. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.54 and a current ratio of 1.54. The company has a market cap of $162.92 billion, a P/E ratio of 293.18, a price-to-earnings-growth ratio of 4.67 and a beta of 0.89.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, October 16th. The Internet television network reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.21. Netflix had a return on equity of 25.66% and a net margin of 7.13%. The business had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same period in the prior year, the business earned $0.29 EPS. The firm’s revenue for the quarter was up 34.0% on a year-over-year basis. Equities analysts predict that Netflix will post 2.67 earnings per share for the current year.

In other Netflix news, CFO David B. Wells sold 1,000 shares of the stock in a transaction on Monday, October 1st. The stock was sold at an average price of $376.61, for a total transaction of $376,610.00. Following the completion of the transaction, the chief financial officer now directly owns 1,000 shares of the company’s stock, valued at $376,610. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel David A. Hyman sold 38,976 shares of the stock in a transaction on Thursday, July 19th. The shares were sold at an average price of $371.20, for a total value of $14,467,891.20. Following the transaction, the general counsel now directly owns 43,895 shares of the company’s stock, valued at $16,293,824. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 420,428 shares of company stock valued at $149,570,353. 4.29% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC grew its holdings in Netflix by 11.8% during the third quarter. Nisa Investment Advisors LLC now owns 164,519 shares of the Internet television network’s stock valued at $61,551,000 after purchasing an additional 17,334 shares during the period. First Hawaiian Bank bought a new position in Netflix during the third quarter valued at $1,449,000. Nikko Asset Management Americas Inc. grew its holdings in Netflix by 84.2% during the third quarter. Nikko Asset Management Americas Inc. now owns 25,886 shares of the Internet television network’s stock valued at $9,930,000 after purchasing an additional 11,834 shares during the period. State of New Jersey Common Pension Fund D grew its holdings in Netflix by 36.4% during the third quarter. State of New Jersey Common Pension Fund D now owns 150,000 shares of the Internet television network’s stock valued at $56,120,000 after purchasing an additional 40,000 shares during the period. Finally, Equitec Proprietary Markets LLC bought a new position in Netflix during the third quarter valued at $299,000. 73.76% of the stock is owned by institutional investors and hedge funds.

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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