Netflix (NASDAQ:NFLX)‘s stock had its “neutral” rating reaffirmed by Robert W. Baird in a research note issued to investors on Wednesday. They presently have a $380.00 price objective on the Internet television network’s stock. Robert W. Baird’s price target indicates a potential upside of 9.42% from the company’s previous close.

A number of other research firms have also weighed in on NFLX. UBS Group lowered shares of Netflix from a “buy” rating to a “neutral” rating and cut their target price for the stock from $425.00 to $237.00 in a research note on Wednesday, July 11th. Goldman Sachs Group restated a “$375.13” rating and set a $470.00 target price on shares of Netflix in a research note on Wednesday, July 18th. Atlantic Securities restated a “buy” rating and set a $413.00 target price on shares of Netflix in a research note on Monday, September 3rd. SunTrust Banks upped their target price on shares of Netflix from $270.00 to $415.00 and gave the stock a “hold” rating in a research note on Friday, July 13th. Finally, Wells Fargo & Co upped their target price on shares of Netflix from $370.00 to $385.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 17th. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirty have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $375.90.

Shares of NFLX traded down $17.43 during mid-day trading on Wednesday, hitting $347.27. 478,957 shares of the company’s stock were exchanged, compared to its average volume of 10,958,524. The stock has a market capitalization of $162.92 billion, a PE ratio of 287.60, a P/E/G ratio of 4.67 and a beta of 0.89. Netflix has a fifty-two week low of $178.38 and a fifty-two week 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.

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

In other news, insider Theodore A. Sarandos sold 111,391 shares of the firm’s stock in a transaction that occurred on Monday, July 23rd. The shares were sold at an average price of $360.00, for a total transaction of $40,100,760.00. Following the transaction, the insider now directly owns 16,065 shares in the company, valued at $5,783,400. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO David B. Wells sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $314.64, for a total transaction of $314,640.00. Following the transaction, the chief financial officer now owns 1,000 shares in the company, valued at $314,640. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 381,452 shares of company stock worth $135,102,461. Insiders own 4.29% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Strategic Advisors LLC acquired a new stake in shares of Netflix during the third quarter worth $585,000. Aperio Group LLC lifted its holdings in shares of Netflix by 3.9% during the third quarter. Aperio Group LLC now owns 238,144 shares of the Internet television network’s stock worth $89,097,000 after purchasing an additional 8,919 shares during the period. Sitrin Capital Management LLC lifted its holdings in shares of Netflix by 2.1% during the third quarter. Sitrin Capital Management LLC now owns 16,593 shares of the Internet television network’s stock worth $6,208,000 after purchasing an additional 345 shares during the period. Highland Capital Management LLC lifted its holdings in shares of Netflix by 30.3% during the third quarter. Highland Capital Management LLC now owns 11,838 shares of the Internet television network’s stock worth $4,429,000 after purchasing an additional 2,753 shares during the period. Finally, BB&T Corp lifted its holdings in shares of Netflix by 4.6% during the third quarter. BB&T Corp now owns 4,390 shares of the Internet television network’s stock worth $1,642,000 after purchasing an additional 192 shares during the period. 73.76% of the stock is owned by hedge funds and other institutional investors.

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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