Netflix (NASDAQ:NFLX)‘s stock had its “neutral” rating reiterated by equities researchers at Nomura in a research report issued on Wednesday. They presently have a $370.00 target price on the Internet television network’s stock. Nomura’s price objective would indicate a potential upside of 6.55% from the company’s previous close.

Several other brokerages also recently commented on NFLX. UBS Group downgraded Netflix from a “buy” rating to a “neutral” rating and reduced their target price for the company from $425.00 to $237.00 in a research note on Wednesday, July 11th. Credit Suisse Group restated a “neutral” rating and issued a $330.00 target price on shares of Netflix in a research note on Thursday, June 21st. JPMorgan Chase & Co. restated a “buy” rating and issued a $385.00 target price on shares of Netflix in a research note on Wednesday, July 11th. Pivotal Research raised their target price on Netflix from $420.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, June 21st. Finally, Stifel Nicolaus raised their target price on Netflix from $345.00 to $406.00 and gave the company a “hold” rating in a research note on Wednesday, July 11th. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirty have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $375.90.

Shares of NFLX traded down $17.43 during trading hours on Wednesday, hitting $347.27. The stock had a trading volume of 478,957 shares, compared to its average volume of 10,958,524. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.54 and a quick ratio of 1.54. The company has a market cap 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 1-year low of $178.38 and a 1-year high of $423.21.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, October 16th. The Internet television network reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.21. The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.99 billion. Netflix had a return on equity of 25.66% and a net margin of 7.13%. The firm’s revenue for the quarter was up 34.0% compared to the same quarter last year. During the same period last year, the business posted $0.29 EPS. Analysts expect that Netflix will post 2.67 EPS for the current fiscal year.

In other Netflix news, insider Theodore A. Sarandos sold 111,391 shares of Netflix 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 owns 16,065 shares of the company’s stock, valued at approximately $5,783,400. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO David B. Wells sold 1,000 shares of Netflix stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 1,000 shares in the company, valued at approximately $376,610. The disclosure for this sale can be found here. In the last three months, insiders have sold 381,452 shares of company stock worth $135,102,461. Insiders own 4.29% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. CSat Investment Advisory L.P. bought a new stake in shares of Netflix in the 2nd quarter worth approximately $117,000. Guidant Wealth Advisors raised its holdings in shares of 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 purchasing an additional 200 shares during the period. Signature Estate & Investment Advisors LLC bought a new stake in shares of Netflix in the 2nd quarter worth approximately $124,000. WealthTrust Fairport LLC raised its holdings in shares of 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 purchasing an additional 200 shares during the period. Finally, BerganKDV Wealth Management LLC bought a new stake in shares of Netflix in the 2nd quarter worth approximately $137,000. 73.76% of the stock is currently 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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