Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “buy” rating reissued by investment analysts at Rosenblatt Securities in a report released on Wednesday. They presently have a $200.00 price objective on the Internet television network’s stock. Rosenblatt Securities’ price target would suggest a potential upside of 17.66% from the stock’s current price.

NFLX has been the subject of several other research reports. Stifel Nicolaus increased 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. FBR & Co increased 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 increased 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. Vetr raised Netflix from a “sell” rating to a “hold” rating and set a $165.75 price target for the company in a research note on Thursday, August 10th. Finally, MKM Partners reissued a “buy” rating and issued a $195.00 price target on shares of Netflix in a research note on Monday, July 10th. 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’s stock. Netflix currently has a consensus rating of “Buy” and a consensus price target of $175.13.

Netflix (NFLX) traded up 0.88% during trading on Wednesday, reaching $169.98. The company had a trading volume of 7,012,027 shares. Netflix has a 12-month low of $93.26 and a 12-month high of $191.50. The firm’s 50 day moving average price is $169.45 and its 200 day moving average price is $154.36. The firm has a market capitalization of $73.39 billion, a PE ratio of 206.79 and a beta of 1.02.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $2.76 billion. During the same period in the previous year, the company earned $0.09 EPS. Netflix’s revenue for the quarter was up 32.3% on a year-over-year basis. Analysts anticipate that Netflix will post $1.19 earnings per share for the current year.

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In related news, Director Richard N. Barton sold 2,000 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $157.81, for a total transaction of $315,620.00. Following the transaction, the director now owns 8,012 shares in the company, valued at approximately $1,264,373.72. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Gregory K. Peters sold 6,853 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $164.29, for a total value of $1,125,879.37. Following the transaction, 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. In the last quarter, insiders sold 389,801 shares of company stock worth $64,889,201. Company insiders own 4.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. increased its position in shares of 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 worth $168,000 after buying an additional 9 shares in the last quarter. Quadrant Capital Group LLC increased its position in Netflix by 0.6% in the second quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock worth $229,000 after buying an additional 10 shares during the period. Guardian Life Insurance Co. of America increased its position in 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 worth $245,000 after buying an additional 11 shares during the period. Fulton Bank N.A. increased its position in Netflix by 0.3% in the third quarter. Fulton Bank N.A. now owns 4,450 shares of the Internet television network’s stock worth $439,000 after buying an additional 12 shares during the period. Finally, M Holdings Securities Inc. increased its position in Netflix by 0.5% in the first quarter. M Holdings Securities Inc. now owns 2,467 shares of the Internet television network’s stock worth $365,000 after buying an additional 12 shares during the period. Institutional investors own 82.94% 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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