Jefferies Group LLC upgraded shares of Netflix, Inc. (NASDAQ:NFLX) from an underperform rating to a hold rating in a research note published on Wednesday. They currently have $135.00 price objective on the Internet television network’s stock, up from their prior price objective of $95.00.

NFLX has been the topic of a number of other research reports. Vetr lowered Netflix from a hold rating to a sell rating and set a $137.92 price objective on the stock. in a research note on Monday, March 13th. Guggenheim raised their price objective on Netflix from $150.00 to $160.00 and gave the stock a buy rating in a research note on Thursday, January 19th. Cantor Fitzgerald restated an overweight rating and set a $135.00 price objective on shares of Netflix in a research note on Friday, December 16th. Wedbush restated a sell rating and set a $68.00 price objective on shares of Netflix in a research note on Tuesday, March 14th. Finally, Goldman Sachs Group Inc restated a buy rating and set a $155.00 price objective (up previously from $140.00) on shares of Netflix in a research note on Wednesday, January 18th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-eight have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $138.02.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

Shares of Netflix (NASDAQ:NFLX) opened at 145.83 on Wednesday. The stock’s 50 day moving average price is $142.28 and its 200-day moving average price is $122.90. The company has a market capitalization of $62.77 billion, a PE ratio of 339.14 and a beta of 1.27. Netflix has a 52-week low of $84.50 and a 52-week high of $146.50.

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Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Wednesday, January 18th. The Internet television network reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.02. Netflix had a return on equity of 7.51% and a net margin of 2.11%. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same quarter last year, the company earned $0.10 EPS. The company’s revenue was up 35.9% on a year-over-year basis. On average, analysts expect that Netflix will post $1.13 earnings per share for the current year.

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In other news, insider Tawni Cranz sold 2,135 shares of the company’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $146.49, for a total value of $312,756.15. Following the completion of the transaction, the insider now directly owns 2,135 shares of the company’s stock, valued at $312,756.15. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $141.57, for a total value of $283,140.00. Following the completion of the transaction, the director now directly owns 8,012 shares of the company’s stock, valued at $1,134,258.84. The disclosure for this sale can be found here. Insiders have sold a total of 327,778 shares of company stock valued at $44,385,274 over the last three months. Corporate insiders own 4.90% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Patriot Financial Group Insurance Agency LLC acquired a new position in Netflix during the fourth quarter valued at about $114,000. Norges Bank acquired a new position in Netflix during the fourth quarter valued at about $357,283,000. Thrivent Financial for Lutherans raised its position in Netflix by 6.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 14,970 shares of the Internet television network’s stock valued at $1,853,000 after buying an additional 910 shares in the last quarter. IFM Investors Pty Ltd acquired a new position in Netflix during the fourth quarter valued at about $680,000. Finally, Independent Advisor Alliance acquired a new position in Netflix during the fourth quarter valued at about $2,464,000. 80.42% of the stock is owned by institutional investors.

Netflix Company Profile

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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