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Netflix (NASDAQ:NFLX) was upgraded by research analysts at Evercore Partners to an “overweight” rating in a report released on Monday.

Shares of Netflix (NASDAQ:NFLX) traded down 1.64% on Monday, hitting $423.09. 2,377,776 shares of the company’s stock traded hands. Netflix has a one year low of $205.75 and a one year high of $458.00. The stock’s 50-day moving average is $365.0 and its 200-day moving average is $378.3. The company has a market cap of $25.360 billion and a P/E ratio of 161.64.

Netflix (NASDAQ:NFLX) last released its earnings data on Monday, April 21st. The company reported $0.86 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.83 by $0.03. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the company posted $0.31 earnings per share. Netflix’s revenue was up 24.0% compared to the same quarter last year. Analysts expect that Netflix will post $4.15 EPS for the current fiscal year.

In other Netflix news, Insider Neil D. Hunt sold 5,000 shares of Netflix stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $419.48, for a total value of $2,097,400.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

Other equities research analysts have also recently issued reports about the stock. Analysts at S&P Equity Research reiterated a “hold” rating on shares of Netflix in a research note on Friday. Separately, analysts at Topeka Capital Markets raised their price target on shares of Netflix from $421.00 to $517.00 in a research note on Friday. They now have a “buy” rating on the stock. Finally, analysts at Oppenheimer raised their price target on shares of Netflix from $435.00 to $500.00 in a research note on Monday, June 2nd. They now have an “outperform” rating on the stock. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and seventeen have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $385.34.

Netflix, Inc is an Internet television network with more than 33 million members in over 40 countries.

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