Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “outperform” rating reiterated by equities researchers at Cowen and Company in a research report issued to clients and investors on Friday. They presently have a $197.00 target price on the Internet television network’s stock, up from their previous target price of $170.00. Cowen and Company’s price target would indicate a potential upside of 21.83% from the company’s previous close.

Several other research firms have also recently weighed in on NFLX. Instinet reaffirmed a “buy” rating on shares of Netflix in a research report on Friday, June 2nd. Canaccord Genuity increased their target price on shares of Netflix from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, June 16th. Bank of America Corporation reaffirmed a “buy” rating and issued a $184.00 price objective (up previously from $154.00) on shares of Netflix in a research note on Tuesday, April 18th. Pacific Crest reaffirmed an “overweight” rating and issued a $170.00 price objective on shares of Netflix in a research note on Friday, April 7th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $185.00 price objective (up previously from $175.00) on shares of Netflix in a research note on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and thirty have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $161.49.

Netflix (NASDAQ NFLX) traded up 10.62% on Friday, reaching $178.88. 13,826,898 shares of the company were exchanged. The stock has a 50 day moving average of $157.80 and a 200 day moving average of $144.87. Netflix has a 12-month low of $84.50 and a 12-month high of $179.15. The firm has a market capitalization of $77.10 billion, a PE ratio of 231.41 and a beta of 0.99. Netflix also was the recipient of some unusual options trading activity on Monday. Stock traders bought 105,623 call options on the stock. This represents an increase of 271% compared to the typical daily volume of 28,474 call options.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01. Netflix had a net margin of 3.55% and a return on equity of 12.73%. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same quarter in the prior year, the firm earned $0.09 earnings per share. Netflix’s revenue for the quarter was up 32.3% on a year-over-year basis. Equities analysts anticipate that Netflix will post $1.05 EPS for the current year.

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In related news, General Counsel David A. Hyman sold 14,021 shares of the stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $150.00, for a total transaction of $2,103,150.00. Following the completion of the sale, the general counsel now directly owns 41,629 shares of the company’s stock, valued at $6,244,350. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Gregory K. Peters sold 6,909 shares of the stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $150.02, for a total transaction of $1,036,488.18. Following the sale, the insider now directly owns 19,999 shares of the company’s stock, valued at $3,000,249.98. The disclosure for this sale can be found here. Insiders sold 420,458 shares of company stock valued at $64,059,503 over the last quarter. Insiders own 4.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NFLX. Bronfman E.L. Rothschild L.P. raised its position in Netflix by 0.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,134 shares of the Internet television network’s stock valued at $168,000 after buying an additional 9 shares in the last quarter. Guardian Life Insurance Co. of America raised its position in shares of Netflix by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock valued at $245,000 after buying an additional 11 shares during the period. M Holdings Securities Inc. raised its position in shares of Netflix by 0.5% in the first quarter. M Holdings Securities Inc. now owns 2,467 shares of the Internet television network’s stock valued at $365,000 after buying an additional 12 shares during the period. Heritage Investors Management Corp raised its position in shares of Netflix by 0.6% in the second quarter. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network’s stock valued at $298,000 after buying an additional 12 shares during the period. Finally, Assetmark Inc. raised its position in shares of Netflix by 3.1% in the first quarter. Assetmark Inc. now owns 1,201 shares of the Internet television network’s stock valued at $178,000 after buying an additional 36 shares during the period. Hedge funds and other institutional investors own 82.77% 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.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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