Netflix, Inc. (NASDAQ:NFLX) had its price objective upped by equities research analysts at Oppenheimer Holdings, Inc. from $200.00 to $215.00 in a research note issued to investors on Friday. The firm currently has an “outperform” rating on the Internet television network’s stock. Oppenheimer Holdings, Inc.’s price target would suggest a potential upside of 10.60% from the stock’s current price.

A number of other brokerages have also weighed in on NFLX. Piper Jaffray Companies reissued a “buy” rating and set a $215.00 price target on shares of Netflix in a research note on Monday, September 18th. Vetr raised Netflix from a “sell” rating to a “hold” rating and set a $165.75 price target on the stock in a research note on Thursday, August 10th. MKM Partners reissued a “buy” rating and set a $195.00 price target on shares of Netflix in a research note on Monday, July 10th. J P Morgan Chase & Co reissued a “buy” rating on shares of Netflix in a research note on Wednesday, August 9th. Finally, KeyCorp reissued a “buy” rating and set a $190.00 price target on shares of Netflix in a research note on Friday, August 25th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $182.57.

Shares of Netflix (NFLX) opened at 194.39 on Friday. The firm has a 50-day moving average price of $177.87 and a 200-day moving average price of $163.29. Netflix has a 52-week low of $97.63 and a 52-week high of $194.49. The stock has a market cap of $83.93 billion, a P/E ratio of 236.48 and a beta of 1.09. Netflix also saw unusually large options trading on Thursday. Stock investors acquired 122,784 call options on the company. This is an increase of approximately 283% compared to the typical daily volume of 32,078 call options.

Netflix (NASDAQ:NFLX) last issued its quarterly 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 business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. During the same period in the prior year, the company earned $0.09 EPS. The company’s revenue for the quarter was up 32.3% compared to the same quarter last year. On average, analysts anticipate that Netflix will post $1.17 EPS for the current fiscal year.

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In other Netflix news, insider Jonathan Friedland sold 2,496 shares of Netflix stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $182.17, for a total transaction of $454,696.32. Following the transaction, the insider now directly owns 1,232 shares in the company, valued at approximately $224,433.44. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Reed Hastings sold 109,214 shares of Netflix stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $188.61, for a total transaction of $20,598,852.54. Following the transaction, the chief executive officer now owns 109,214 shares in the company, valued at $20,598,852.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 310,325 shares of company stock worth $55,807,018. Corporate insiders own 4.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of NFLX. Terra Nova Asset Management purchased a new position in Netflix during the 3rd quarter worth approximately $1,817,000. ING Groep grew its holdings in shares of Netflix by 1,702.8% during the 3rd quarter. ING Groep now owns 139,826 shares of the Internet television network’s stock valued at $14,435,000 after acquiring an additional 132,070 shares in the last quarter. Gerstein Fisher grew its holdings in shares of Netflix by 435.9% during the 3rd quarter. Gerstein Fisher now owns 12,941 shares of the Internet television network’s stock valued at $1,336,000 after acquiring an additional 10,526 shares in the last quarter. Janus Capital Management grew its holdings in shares of Netflix by 91.1% during the 3rd quarter. Janus Capital Management now owns 1,087,920 shares of the Internet television network’s stock valued at $112,339,000 after acquiring an additional 518,736 shares in the last quarter. Finally, J. W. Burns & Company grew its holdings in shares of Netflix by 7.2% during the 4th quarter. J. W. Burns & Company now owns 24,679 shares of the Internet television network’s stock valued at $2,823,000 after acquiring an additional 1,661 shares in the last quarter. Hedge funds and other institutional investors own 81.03% 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)

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