Netflix (NASDAQ:NFLX) received a $410.00 price target from stock analysts at Macquarie in a report released on Wednesday. The firm currently has a “buy” rating on the Internet television network’s stock. Macquarie’s target price points to a potential upside of 18.25% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Goldman Sachs Group reissued a “$375.13” rating and set a $470.00 price target on shares of Netflix in a research note on Wednesday, July 18th. Barclays set a $450.00 price target on shares of Netflix and gave the company a “buy” rating in a research note on Monday, July 9th. Pivotal Research increased their price target on shares of Netflix from $420.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, June 21st. Monness Crespi & Hardt increased their price target on shares of Netflix from $375.00 to $460.00 and gave the company a “buy” rating in a research note on Tuesday, June 19th. Finally, Bank of America raised their price objective on shares of Netflix from $352.00 to $460.00 and gave the company a “buy” rating in a research note on Wednesday, June 27th. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and thirty-one have assigned a buy rating to the stock. Netflix presently has a consensus rating of “Buy” and a consensus target price of $376.83.

NFLX opened at $346.71 on Wednesday. Netflix has a one year low of $178.38 and a one year high of $423.21. The company has a current ratio of 1.39, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. The company has a market cap of $158.81 billion, a PE ratio of 277.37, a P/E/G ratio of 4.66 and a beta of 0.89.

Netflix (NASDAQ:NFLX) last released its quarterly 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. Netflix had a net margin of 8.48% and a return on equity of 29.52%. The business had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same period in the prior year, the firm earned $0.29 earnings per share. Netflix’s revenue was up 34.0% compared to the same quarter last year. As a group, equities analysts anticipate that Netflix will post 2.61 EPS for the current fiscal year.

In related news, Director Richard N. Barton sold 350 shares of the firm’s stock in a transaction 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 in the company, valued at $2,376,611.16. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Timothy M. Haley sold 21,882 shares of the firm’s stock in a transaction on Tuesday, October 16th. The stock was sold at an average price of $336.41, for a total transaction of $7,361,323.62. Following the sale, the director now owns 9,177 shares in the company, valued at $3,087,234.57. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 403,334 shares of company stock worth $142,463,785. 4.29% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of the stock. BlackRock Inc. raised its holdings in shares of Netflix by 2.3% during the second quarter. BlackRock Inc. now owns 27,436,409 shares of the Internet television network’s stock worth $10,739,434,000 after acquiring an additional 619,795 shares during the period. FMR LLC increased its stake in Netflix by 6.1% in the 2nd quarter. FMR LLC now owns 26,511,408 shares of the Internet television network’s stock valued at $10,377,360,000 after buying an additional 1,534,290 shares during the last quarter. Edgewood Management LLC increased its stake in Netflix by 2.3% in the 2nd quarter. Edgewood Management LLC now owns 2,523,740 shares of the Internet television network’s stock valued at $987,868,000 after buying an additional 55,566 shares during the last quarter. Morgan Stanley increased its stake in Netflix by 1.6% in the 2nd quarter. Morgan Stanley now owns 2,364,657 shares of the Internet television network’s stock valued at $925,600,000 after buying an additional 37,425 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in Netflix by 4.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,581,565 shares of the Internet television network’s stock valued at $619,072,000 after buying an additional 65,394 shares during the last quarter. Institutional investors and hedge funds own 73.83% 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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Analyst Recommendations for Netflix (NASDAQ:NFLX)

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