Netflix (NASDAQ:NFLX) had its price objective increased by Bank of America from $225.00 to $199.00 in a research note issued to investors on Friday. The brokerage currently has a “buy” rating on the Internet television network’s stock. Bank of America’s price objective would suggest a potential upside of 6.09% from the stock’s current price.

Several other brokerages have also recently commented on NFLX. SunTrust Banks set a $175.00 price objective on shares of Netflix and gave the company a “hold” rating in a research note on Monday, October 16th. Jefferies Group set a $190.00 price objective on shares of Netflix and gave the company a “neutral” rating in a research note on Tuesday, October 17th. Wedbush set a $93.00 price objective on shares of Netflix and gave the company a “sell” rating in a research note on Tuesday, October 17th. FBR & Co reiterated a “buy” rating and issued a $207.00 price objective (up previously from $172.00) on shares of Netflix in a research note on Tuesday, October 17th. Finally, Royal Bank Of Canada raised their price objective on shares of Netflix from $210.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $207.30.

Netflix (NASDAQ:NFLX) traded down $0.57 during mid-day trading on Friday, hitting $187.58. 6,630,000 shares of the stock traded hands, compared to its average volume of 6,663,995. Netflix has a one year low of $113.95 and a one year high of $204.38. The firm has a market cap of $86,191.38, a PE ratio of 201.19, a PEG ratio of 5.92 and a beta of 1.39. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20.

Netflix (NASDAQ:NFLX) last released its earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.97 billion. During the same quarter last year, the business posted $0.12 EPS. The firm’s revenue was up 30.3% on a year-over-year basis. equities research analysts forecast that Netflix will post 1.26 earnings per share for the current year.

In other news, CEO Reed Hastings sold 75,243 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $196.25, for a total transaction of $14,766,438.75. Following the transaction, the chief executive officer now directly owns 75,243 shares of the company’s stock, valued at $14,766,438.75. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO David B. Wells sold 1,000 shares of the business’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $195.69, for a total transaction of $195,690.00. Following the transaction, the chief financial officer now directly owns 662 shares in the company, valued at $129,546.78. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 325,935 shares of company stock valued at $62,898,922. 4.90% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Netflix by 2.9% during the second quarter. Vanguard Group Inc. now owns 27,950,272 shares of the Internet television network’s stock worth $4,176,049,000 after acquiring an additional 789,190 shares during the last quarter. BlackRock Inc. grew its position in shares of Netflix by 1.7% during the second quarter. BlackRock Inc. now owns 25,663,728 shares of the Internet television network’s stock worth $3,834,416,000 after acquiring an additional 423,968 shares during the last quarter. FMR LLC grew its position in shares of 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 acquiring an additional 2,605,731 shares during the last quarter. Jennison Associates LLC grew its position in shares of 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 acquiring an additional 1,814,056 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Netflix by 5.0% during the third quarter. Bank of New York Mellon Corp now owns 3,638,317 shares of the Internet television network’s stock worth $659,809,000 after acquiring an additional 172,229 shares during the last quarter. Hedge funds and other institutional investors own 83.47% of the company’s stock.

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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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