Netflix, Inc. (NASDAQ:NFLX) had its price target lifted by research analysts at Deutsche Bank AG from $110.00 to $125.00 in a report released on Monday. The firm presently has a “hold” rating on the Internet television network’s stock. Deutsche Bank AG’s price objective indicates a potential downside of 14.28% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Cantor Fitzgerald increased their target price on shares of Netflix to $160.00 in a research report on Thursday, January 19th. Vetr raised shares of Netflix from a “hold” rating to a “buy” rating and set a $128.64 price target for the company in a report on Thursday, December 8th. Brean Capital reaffirmed a “buy” rating and issued a $145.00 price target on shares of Netflix in a report on Wednesday, December 7th. Canaccord Genuity reaffirmed a “buy” rating and issued a $140.00 price target on shares of Netflix in a report on Sunday, December 4th. Finally, Stifel Nicolaus raised their price target on shares of Netflix from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, December 21st. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-eight have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $138.02.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

Netflix (NASDAQ:NFLX) traded up 0.50% on Monday, hitting $145.83. 3,421,046 shares of the company were exchanged. The firm’s 50 day moving average is $142.28 and its 200 day moving average is $122.90. Netflix has a 52 week low of $84.50 and a 52 week high of $146.50. The company has a market capitalization of $62.77 billion, a P/E ratio of 339.14 and a beta of 1.27.

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Netflix (NASDAQ:NFLX) last posted its earnings results on Wednesday, January 18th. The Internet television network reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.02. Netflix had a net margin of 2.11% and a return on equity of 7.51%. The company earned $2.48 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter in the prior year, the company posted $0.10 earnings per share. Netflix’s revenue for the quarter was up 35.9% compared to the same quarter last year. On average, equities research analysts forecast that Netflix will post $1.13 earnings per share for the current fiscal year.

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In related news, CEO Reed Hastings sold 87,297 shares of Netflix stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $126.72, for a total value of $11,062,275.84. Following the completion of the transaction, the chief executive officer now owns 87,297 shares in the company, valued at $11,062,275.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gregory K. Peters sold 16,667 shares of Netflix stock in a transaction that occurred on Thursday, January 19th. The shares were sold at an average price of $142.45, for a total transaction of $2,374,214.15. Following the completion of the transaction, the insider now owns 21,756 shares of the company’s stock, valued at approximately $3,099,142.20. The disclosure for this sale can be found here. Insiders sold 327,778 shares of company stock valued at $44,385,274 in the last 90 days. Company insiders own 4.90% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital Research Global Investors boosted its position in shares of Netflix by 3.6% in the third quarter. Capital Research Global Investors now owns 51,745,376 shares of the Internet television network’s stock worth $5,099,507,000 after buying an additional 1,777,574 shares during the period. State Street Corp boosted its position in shares of Netflix by 3.8% in the fourth quarter. State Street Corp now owns 17,072,594 shares of the Internet television network’s stock worth $2,113,578,000 after buying an additional 620,750 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in shares of Netflix by 2.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 11,042,343 shares of the Internet television network’s stock worth $1,088,223,000 after buying an additional 211,402 shares during the period. Baillie Gifford & Co. boosted its position in shares of Netflix by 2.0% in the fourth quarter. Baillie Gifford & Co. now owns 7,358,433 shares of the Internet television network’s stock worth $910,974,000 after buying an additional 145,331 shares during the period. Finally, Capital World Investors boosted its position in shares of Netflix by 7.9% in the third quarter. Capital World Investors now owns 7,182,812 shares of the Internet television network’s stock worth $707,866,000 after buying an additional 525,886 shares during the period. Hedge funds and other institutional investors own 80.42% of the company’s stock.

About Netflix

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

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