Netflix, Inc. (NASDAQ:NFLX) has been assigned an average recommendation of “Buy” from the forty-seven research firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation and twenty-nine have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $170.24.

Several analysts recently commented on NFLX shares. Stifel Nicolaus boosted their price target on Netflix from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, April 18th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $175.00 price target on shares of Netflix in a research note on Monday, April 17th. FBR & Co boosted their price target on Netflix from $144.00 to $145.00 and gave the company a “mkt perform” rating in a research note on Tuesday, April 18th. Jefferies Group LLC boosted their price target on Netflix from $135.00 to $141.00 and gave the company a “hold” rating in a research note on Wednesday, April 19th. Finally, MKM Partners reaffirmed a “buy” rating and issued a $195.00 price target on shares of Netflix in a research note on Monday, July 10th.

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Netflix (NASDAQ:NFLX) traded down 0.33% during mid-day trading on Monday, reaching $187.91. 8,797,260 shares of the company were exchanged. The company has a market cap of $81.13 billion, a P/E ratio of 228.60 and a beta of 0.99. Netflix has a 12 month low of $90.10 and a 12 month high of $190.25. The stock’s 50-day moving average is $159.42 and its 200-day moving average is $149.39.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results 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. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. Netflix’s quarterly revenue was up 32.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 EPS. Equities analysts expect that Netflix will post $1.16 earnings per share for the current year.

In other Netflix news, General Counsel David A. Hyman sold 14,021 shares of the firm’s stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $150.00, for a total value of $2,103,150.00. Following the sale, the general counsel now owns 41,629 shares of the company’s stock, valued at approximately $6,244,350. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Reed Hastings sold 115,577 shares of the firm’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $152.63, for a total value of $17,640,517.51. Following the completion of the sale, the chief executive officer now directly owns 115,577 shares in the company, valued at approximately $17,640,517.51. The disclosure for this sale can be found here. In the last ninety days, insiders sold 343,728 shares of company stock worth $53,858,193. Company insiders own 4.90% of the company’s stock.

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Netflix by 3.5% in the first quarter. Vanguard Group Inc. now owns 27,161,082 shares of the Internet television network’s stock worth $4,014,680,000 after buying an additional 921,283 shares in the last quarter. FMR LLC increased its stake in shares of Netflix by 6.6% in the first quarter. FMR LLC now owns 21,027,506 shares of the Internet television network’s stock worth $3,108,076,000 after buying an additional 1,305,294 shares in the last quarter. State Street Corp increased its stake in shares of Netflix by 2.7% in the first quarter. State Street Corp now owns 17,535,737 shares of the Internet television network’s stock worth $2,591,946,000 after buying an additional 463,143 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Netflix by 21.4% in the first quarter. Jennison Associates LLC now owns 12,947,211 shares of the Internet television network’s stock worth $1,913,727,000 after buying an additional 2,279,835 shares in the last quarter. Finally, Baillie Gifford & Co. increased its stake in shares of Netflix by 3.2% in the first quarter. Baillie Gifford & Co. now owns 7,593,097 shares of the Internet television network’s stock worth $1,122,336,000 after buying an additional 234,664 shares in the last quarter. 82.82% of the stock is currently owned by hedge funds and other institutional investors.

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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