Netflix, Inc. (NASDAQ:NFLX) has been assigned a $230.00 target price by equities researchers at Sanford C. Bernstein in a report released on Thursday. The firm currently has a “buy” rating on the Internet television network’s stock. Sanford C. Bernstein’s price objective points to a potential upside of 17.43% from the stock’s previous close.

A number of other research firms also recently weighed in on NFLX. Piper Jaffray Companies reissued a “buy” rating and set a $215.00 target price on shares of Netflix in a research report on Monday, September 18th. Royal Bank Of Canada reissued an “outperform” rating and set a $210.00 target price on shares of Netflix in a research report on Friday, October 6th. Vetr raised shares of Netflix from a “sell” rating to a “hold” rating and set a $165.75 target price for the company in a research report on Thursday, August 10th. MKM Partners reissued a “buy” rating and set a $195.00 target price on shares of Netflix in a research report on Monday, July 10th. Finally, J P Morgan Chase & Co reissued a “buy” rating on shares of Netflix in a research report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and thirty have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $189.39.

Shares of Netflix (NFLX) traded up 0.47% during midday trading on Thursday, hitting $195.86. 7,753,341 shares of the stock traded hands. The company has a market capitalization of $84.56 billion, a price-to-earnings ratio of 238.27 and a beta of 1.09. Netflix has a 52 week low of $98.38 and a 52 week high of $199.40. The firm’s 50-day moving average is $181.96 and its 200 day moving average is $165.19.

Netflix (NASDAQ:NFLX) last released 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). The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The business’s revenue for the quarter was up 32.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.09 EPS. Equities analysts forecast that Netflix will post $1.18 earnings per share for the current year.

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In related news, insider Gregory K. Peters sold 12,768 shares of the company’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $177.38, for a total value of $2,264,787.84. Following the sale, the insider now directly 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 SEC, which is available through the SEC website. Also, CEO Reed Hastings sold 109,214 shares of the company’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $188.61, for a total value of $20,598,852.54. Following the completion of the sale, the chief executive officer now directly 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 ninety days, insiders sold 318,067 shares of company stock worth $57,315,706. 4.90% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of NFLX. AXA grew its stake in Netflix by 92.0% in the first quarter. AXA now owns 158,400 shares of the Internet television network’s stock worth $23,413,000 after purchasing an additional 75,900 shares during the period. Traynor Capital Management Inc. grew its stake in Netflix by 7.8% in the first quarter. Traynor Capital Management Inc. now owns 34,776 shares of the Internet television network’s stock worth $5,430,000 after purchasing an additional 2,508 shares during the period. Summit Financial Wealth Advisors LLC purchased a new stake in Netflix in the first quarter worth $220,000. Municipal Employees Retirement System of Michigan grew its stake in Netflix by 0.9% in the first quarter. Municipal Employees Retirement System of Michigan now owns 15,080 shares of the Internet television network’s stock worth $2,229,000 after purchasing an additional 130 shares during the period. Finally, HCR Wealth Advisors grew its stake in Netflix by 11.1% in the first quarter. HCR Wealth Advisors now owns 2,749 shares of the Internet television network’s stock worth $406,000 after purchasing an additional 275 shares during the period. 81.02% of the stock is currently owned by institutional investors.

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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