Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “hold” rating restated by stock analysts at SunTrust Banks, Inc. in a note issued to investors on Thursday. They currently have a $175.00 price target on the Internet television network’s stock. SunTrust Banks, Inc.’s target price indicates a potential downside of 2.37% from the company’s current price.

Other analysts have also issued research reports about the stock. UBS AG reiterated a “buy” rating and set a $175.00 price target on shares of Netflix in a research report on Monday, May 15th. Vetr upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $168.81 price target on the stock in a research report on Monday, June 12th. Instinet reiterated a “buy” rating on shares of Netflix in a research report on Friday, June 2nd. Sanford C. Bernstein reiterated a “buy” rating and set a $178.00 price target on shares of Netflix in a research report on Wednesday, May 31st. Finally, MKM Partners reiterated a “buy” rating and set a $195.00 price target (up previously from $175.00) on shares of Netflix in a research report on Monday, May 29th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $178.07.

Netflix (NFLX) traded down 0.17% during midday trading on Thursday, reaching $178.94. The company’s stock had a trading volume of 5,408,447 shares. The firm has a 50 day moving average price of $176.05 and a 200-day moving average price of $157.44. Netflix has a 52 week low of $93.26 and a 52 week high of $191.50. The firm has a market cap of $77.26 billion, a P/E ratio of 217.69 and a beta of 1.05.

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

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In related news, insider Gregory K. Peters sold 12,768 shares of Netflix stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $177.38, for a total transaction of $2,264,787.84. Following the completion of the transaction, the insider now owns 19,208 shares of the company’s stock, valued at $3,407,115.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard N. Barton sold 2,000 shares of Netflix stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $174.44, for a total transaction of $348,880.00. Following the transaction, the director now directly owns 8,012 shares of the company’s stock, valued at approximately $1,397,613.28. The disclosure for this sale can be found here. Insiders have sold 349,435 shares of company stock valued at $59,221,491 in the last ninety days. 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. raised its stake in Netflix by 0.8% during 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 during the last quarter. Quadrant Capital Group LLC raised its stake in Netflix by 0.6% during 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 last quarter. Guardian Life Insurance Co. of America raised its stake in Netflix by 0.7% during 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 last quarter. M Holdings Securities Inc. raised its stake in Netflix by 0.5% during 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 last quarter. Finally, Heritage Investors Management Corp raised its stake in Netflix by 0.6% during the second quarter. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network’s stock worth $298,000 after buying an additional 12 shares during the last quarter. 81.05% of the stock is owned by institutional investors and hedge funds.

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)

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