Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “buy” rating restated by Guggenheim in a research report issued to clients and investors on Friday. They presently have a $225.00 target price on the Internet television network’s stock, up from their prior target price of $210.00. Guggenheim’s price objective suggests a potential upside of 15.75% from the company’s previous close.

Several other equities analysts have also weighed in on the company. FBR & Co restated a “hold” rating on shares of Netflix in a research note on Thursday. Wedbush set a $88.00 price target on Netflix and gave the company a “sell” rating in a research note on Friday. KeyCorp restated a “buy” rating and issued a $206.00 price target on shares of Netflix in a research note on Thursday. Wells Fargo & Company restated an “outperform” rating on shares of Netflix in a research note on Friday. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $210.00 price target on shares of Netflix in a research note on Friday. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirty-one have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $184.65.

Shares of Netflix (NASDAQ:NFLX) traded up 1.22% during trading on Friday, reaching $196.76. The company’s stock had a trading volume of 13,108,233 shares. Netflix has a 12-month low of $97.63 and a 12-month high of $198.92. The stock has a market cap of $84.95 billion, a price-to-earnings ratio of 239.37 and a beta of 1.09. The company has a 50 day moving average of $177.87 and a 200-day moving average of $163.29. Netflix also was the target of some unusual options trading on Thursday. Stock traders acquired 122,784 call options on the company. This represents an increase of approximately 283% compared to the average daily volume of 32,078 call options.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.01). The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The business’s quarterly revenue was up 32.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.09 EPS. Analysts forecast that Netflix will post $1.17 EPS for the current year.

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In related news, insider Gregory K. Peters sold 12,768 shares of the stock in a transaction dated 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 directly owns 19,208 shares of the company’s stock, valued at $3,407,115.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard N. Barton sold 2,000 shares of the stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $179.89, for a total transaction of $359,780.00. Following the transaction, the director now directly owns 7,930 shares of the company’s stock, valued at $1,426,527.70. The disclosure for this sale can be found here. Insiders have sold 310,325 shares of company stock valued at $55,807,018 over the last three months. 4.90% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of NFLX. FMR LLC raised its holdings in Netflix by 12.4% during the second quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock worth $3,531,042,000 after purchasing an additional 2,605,731 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Netflix by 3,478.1% during the second quarter. Janus Henderson Group PLC now owns 2,041,458 shares of the Internet television network’s stock worth $305,014,000 after purchasing an additional 1,984,404 shares in the last quarter. Jennison Associates LLC raised its holdings in Netflix by 14.0% during the second quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network’s stock worth $2,208,891,000 after purchasing an additional 1,814,056 shares in the last quarter. Vanguard Group Inc. raised its holdings in Netflix by 3.5% during 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 purchasing an additional 921,283 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. raised its holdings in Netflix by 22,622.2% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 814,592 shares of the Internet television network’s stock worth $121,708,000 after purchasing an additional 811,007 shares in the last quarter. 81.03% of the stock is owned by hedge funds and other institutional investors.

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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