Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “overweight” rating reissued by investment analysts at Piper Jaffray Companies in a note issued to investors on Monday. They currently have a $215.00 price target on the Internet television network’s stock. Piper Jaffray Companies’ price objective would indicate a potential upside of 25.44% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Guggenheim lifted their target price on shares of Netflix from $160.00 to $173.00 and gave the stock a “buy” rating in a research note on Tuesday, April 18th. Canaccord Genuity lifted their target price on shares of Netflix from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, April 18th. Bank of America Corporation reissued a “buy” rating and set a $184.00 target price (up previously from $154.00) on shares of Netflix in a research note on Tuesday, April 18th. Pivotal Research lifted their target price on shares of Netflix from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, April 18th. Finally, Stifel Nicolaus lifted their target price on shares of Netflix from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, April 18th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-eight have given a buy rating to the company. Netflix currently has a consensus rating of “Buy” and an average target price of $175.13.

Netflix (NASDAQ NFLX) traded down 0.44% during mid-day trading on Monday, hitting $170.65. 6,178,349 shares of the company were exchanged. The company has a market capitalization of $73.68 billion, a P/E ratio of 207.60 and a beta of 1.02. Netflix has a 12-month low of $93.26 and a 12-month high of $191.50. The company’s 50-day moving average is $168.76 and its 200 day moving average is $153.74.

Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by $0.01. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the prior year, the business earned $0.09 EPS. Netflix’s quarterly revenue was up 32.3% on a year-over-year basis. Analysts expect that Netflix will post $1.19 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This piece was posted by American Banking News and is owned by of American Banking News. If you are reading this piece on another website, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/08/14/netflixs-nflx-overweight-rating-reiterated-at-piper-jaffray-companies.html.

In related news, CEO Reed Hastings sold 101,815 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $157.13, for a total value of $15,998,190.95. Following the sale, the chief executive officer now owns 101,815 shares in the company, valued at $15,998,190.95. 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 6,853 shares of the business’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $164.29, for a total transaction of $1,125,879.37. Following the completion of the sale, the insider now owns 19,943 shares in the company, valued at approximately $3,276,435.47. The disclosure for this sale can be found here. Insiders sold 389,801 shares of company stock worth $64,889,201 in the last 90 days. 4.90% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of NFLX. Flinton Capital Management LLC boosted its position in Netflix by 12.6% in the second quarter. Flinton Capital Management LLC now owns 4,992 shares of the Internet television network’s stock worth $746,000 after buying an additional 560 shares during the period. Fred Alger Management Inc. boosted its position in Netflix by 21.9% in the second quarter. Fred Alger Management Inc. now owns 839,401 shares of the Internet television network’s stock worth $125,415,000 after buying an additional 150,531 shares during the period. Williams Jones & Associates LLC boosted its position in Netflix by 31.3% in the second quarter. Williams Jones & Associates LLC now owns 1,782 shares of the Internet television network’s stock worth $266,000 after buying an additional 425 shares during the period. Aviance Capital Management LLC purchased a new position in Netflix during the second quarter worth $137,000. Finally, Salem Investment Counselors Inc. boosted its position in Netflix by 852.8% in the second quarter. Salem Investment Counselors Inc. now owns 6,117 shares of the Internet television network’s stock worth $914,000 after buying an additional 5,475 shares during the period. Institutional investors and hedge funds own 82.94% of the company’s stock.

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.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix Inc. and related companies with MarketBeat.com's FREE daily email newsletter.