Netflix (NASDAQ:NFLX) had its price objective upped by equities researchers at Loop Capital from $365.00 to $385.00 in a research note issued to investors on Wednesday, The Fly reports. Loop Capital’s price target would suggest a potential upside of 5.57% from the company’s previous close.

Several other research analysts also recently weighed in on NFLX. Royal Bank of Canada boosted their target price on shares of Netflix to $450.00 and gave the company an “outperform” rating in a research note on Wednesday. Piper Jaffray Companies boosted their target price on shares of Netflix from $420.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday. B. Riley boosted their target price on shares of Netflix from $315.00 to $322.00 and gave the company a “buy” rating in a research note on Wednesday. Nomura set a $370.00 target price on shares of Netflix and gave the company a “neutral” rating in a research note on Wednesday. Finally, Barclays set a $430.00 target price on shares of Netflix and gave the company a “buy” rating in a research note on Wednesday. Five investment 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 currently has a consensus rating of “Buy” and a consensus target price of $368.46.

NFLX stock traded up $18.30 during trading on Wednesday, hitting $364.70. The stock had a trading volume of 32,575,910 shares, compared to its average volume of 10,958,405. Netflix has a 1-year low of $178.38 and a 1-year high of $423.21. The company has a market capitalization of $162.92 billion, a price-to-earnings ratio of 291.76, 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 (NASDAQ:NFLX) last announced its earnings results on Tuesday, October 16th. The Internet television network reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.21. Netflix had a net margin of 7.13% and a return on equity of 25.66%. The firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter in the previous year, the company posted $0.29 EPS. The firm’s revenue for the quarter was up 34.0% on a year-over-year basis. As a group, research analysts predict that Netflix will post 2.67 earnings per share for the current year.

In other Netflix news, General Counsel David A. Hyman sold 38,976 shares of the company’s stock in a transaction that occurred on Thursday, July 19th. The stock was sold at an average price of $371.20, for a total value of $14,467,891.20. Following the completion of the transaction, the general counsel now owns 43,895 shares in the company, valued at approximately $16,293,824. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Theodore A. Sarandos sold 111,391 shares of the company’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 value of $40,100,760.00. Following the completion of the transaction, the insider now owns 16,065 shares of the company’s stock, valued at approximately $5,783,400. The disclosure for this sale can be found here. Insiders have sold a total of 420,428 shares of company stock valued at $149,570,353 in the last quarter. Company insiders own 4.29% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CSat Investment Advisory L.P. purchased a new position in Netflix in the 2nd quarter worth approximately $117,000. Guidant Wealth Advisors boosted its holdings in Netflix by 190.5% in the 2nd 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 purchased a new position in Netflix in the 2nd quarter worth approximately $124,000. WealthTrust Fairport LLC boosted its holdings in Netflix by 133.3% in the 2nd 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. Finally, BerganKDV Wealth Management LLC purchased a new position in Netflix in the 2nd quarter worth approximately $137,000. Hedge funds and other 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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