Netflix (NASDAQ:NFLX)‘s stock had its “buy” rating reaffirmed by equities researchers at Royal Bank of Canada in a research report issued to clients and investors on Thursday. They currently have a $450.00 price objective on the Internet television network’s stock. Royal Bank of Canada’s target price indicates a potential upside of 68.17% from the company’s current price.

NFLX has been the subject of several other research reports. Citigroup lowered their price objective on Netflix and set a “neutral” rating for the company in a research note on Monday, October 15th. Loop Capital increased their target price on shares of Netflix from $365.00 to $385.00 in a research report on Wednesday, October 17th. Imperial Capital decreased their target price on shares of Netflix from $503.00 to $494.00 and set an “outperform” rating for the company in a research report on Monday, August 13th. Nomura set a $370.00 target price on shares of Netflix and gave the company a “neutral” rating in a research report on Monday, October 29th. Finally, Credit Suisse Group reissued a “buy” rating and set a $470.00 target price on shares of Netflix in a research report on Monday, October 1st. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirty have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $380.97.

NFLX traded down $15.29 on Thursday, hitting $267.59. 309,268 shares of the stock were exchanged, compared to its average volume of 11,109,243. Netflix has a 12 month low of $183.22 and a 12 month high of $423.21. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $120.07 billion, a price-to-earnings ratio of 214.37, a P/E/G ratio of 3.49 and a beta of 1.12.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, October 16th. The Internet television network reported $0.89 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the prior year, the business posted $0.29 earnings per share. Netflix’s revenue was up 34.0% compared to the same quarter last year. Sell-side analysts anticipate that Netflix will post 2.63 EPS for the current fiscal year.

In related news, CEO Reed Hastings sold 78,092 shares of the stock in a transaction on Wednesday, November 21st. The stock was sold at an average price of $266.87, for a total value of $20,840,412.04. Following the transaction, the chief executive officer now directly owns 78,092 shares in the company, valued at approximately $20,840,412.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Timothy M. Haley sold 21,882 shares of the stock in a transaction on Tuesday, October 16th. The stock was sold at an average price of $336.41, for a total value of $7,361,323.62. Following the completion of the transaction, 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 quarter, insiders sold 332,450 shares of company stock worth $108,250,865. 4.29% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the stock. MCF Advisors LLC purchased a new stake in Netflix in the 3rd quarter valued at $108,000. Perennial Advisors LLC increased its position in shares of Netflix by 2,021.4% during the 3rd quarter. Perennial Advisors LLC now owns 297 shares of the Internet television network’s stock valued at $111,000 after purchasing an additional 283 shares during the last quarter. Atlas Capital Advisors LLC purchased a new stake in shares of Netflix during the 3rd quarter valued at $113,000. CSat Investment Advisory L.P. purchased a new stake in shares of Netflix during the 2nd quarter valued at $117,000. Finally, Westside Investment Management Inc. increased its position in shares of Netflix by 225.5% during the 3rd quarter. Westside Investment Management Inc. now owns 332 shares of the Internet television network’s stock valued at $117,000 after purchasing an additional 230 shares during the last quarter. Institutional investors own 74.07% of the company’s stock.

Netflix Company Profile

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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