Netflix (NASDAQ:NFLX) had its target price raised by stock analysts at Buckingham Research from $235.00 to $251.00 in a research note issued to investors on Thursday, The Fly reports. The firm currently has an “in-line” rating on the Internet television network’s stock. Buckingham Research’s price objective indicates a potential upside of 14.38% from the company’s previous close.

Several other analysts also recently weighed in on NFLX. Hanson reaffirmed a “neutral” rating and issued a $140.00 target price on shares of Netflix in a report on Wednesday, September 20th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $210.00 target price on shares of Netflix in a report on Wednesday, September 20th. Wells Fargo & Co initiated coverage on shares of Netflix in a report on Tuesday, September 26th. They issued an “outperform” rating and a $230.00 target price on the stock. Vetr raised shares of Netflix from a “sell” rating to a “hold” rating and set a $183.92 target price on the stock in a report on Thursday, September 28th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $203.00 target price on shares of Netflix in a report on Sunday, October 1st. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and thirty-five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $212.84.

Shares of Netflix (NASDAQ NFLX) traded up $1.94 during trading hours on Thursday, hitting $219.44. 3,140,000 shares of the stock traded hands, compared to its average volume of 6,590,000. The stock has a market capitalization of $94,960.00, a P/E ratio of 221.66, a price-to-earnings-growth ratio of 3.59 and a beta of 1.34. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.47. Netflix has a 1-year low of $131.06 and a 1-year high of $226.07.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.97 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. The firm’s revenue was up 30.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.12 EPS. sell-side analysts forecast that Netflix will post 1.25 earnings per share for the current fiscal year.

In other news, Director Richard N. Barton sold 350 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $185.71, for a total value of $64,998.50. Following the completion of the transaction, the director now owns 7,171 shares of the company’s stock, valued at $1,331,726.41. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Leslie J. Kilgore sold 2,373 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $220.99, for a total transaction of $524,409.27. Following the completion of the transaction, the director now directly owns 35,994 shares of the company’s stock, valued at approximately $7,954,314.06. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 341,551 shares of company stock valued at $66,457,350. 4.90% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the company. Balentine LLC raised its position in shares of Netflix by 1,020.4% in the third quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock valued at $100,000 after buying an additional 500 shares during the last quarter. Aviance Capital Management LLC acquired a new position in shares of Netflix in the second quarter valued at approximately $137,000. Harfst & Associates Inc. raised its position in shares of Netflix by 36.8% in the second quarter. Harfst & Associates Inc. now owns 1,015 shares of the Internet television network’s stock valued at $151,000 after buying an additional 273 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of Netflix in the third quarter valued at approximately $171,000. Finally, Grove Bank & Trust raised its position in shares of Netflix by 249.6% in the third quarter. Grove Bank & Trust now owns 958 shares of the Internet television network’s stock valued at $174,000 after buying an additional 684 shares during the last quarter. 83.27% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “Netflix (NFLX) Price Target Raised to $251.00 at Buckingham Research” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark law. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/01/18/netflix-nflx-price-target-raised-to-251-00-at-buckingham-research.html.

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.

The Fly

Analyst Recommendations for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.