Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “buy” rating reiterated by research analysts at Loop Capital in a report released on Monday. They presently have a $167.00 target price on the Internet television network’s stock, up from their prior target price of $159.00. Loop Capital’s target price points to a potential upside of 14.52% from the company’s current price.

A number of other brokerages also recently commented on NFLX. Royal Bank of Canada reiterated a “buy” rating and issued a $175.00 price objective on shares of Netflix in a research report on Tuesday, March 14th. Wedbush reiterated a “sell” rating and issued a $68.00 price objective on shares of Netflix in a research report on Tuesday, March 14th. Vetr downgraded Netflix from a “sell” rating to a “strong sell” rating and set a $125.93 price objective for the company. in a research report on Monday, January 30th. MKM Partners reiterated a “buy” rating and issued a $175.00 price objective on shares of Netflix in a research report on Tuesday, March 14th. Finally, FBR & Co reiterated a “market perform” rating and issued a $100.00 price objective on shares of Netflix in a research report on Tuesday, January 17th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-eight have given a buy rating to the company. Netflix has a consensus rating of “Buy” and an average target price of $138.02.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

Shares of Netflix (NASDAQ:NFLX) traded up 0.50% on Monday, reaching $145.83. The company’s stock had a trading volume of 3,336,702 shares. Netflix has a 52 week low of $84.50 and a 52 week high of $146.50. The stock has a market capitalization of $62.77 billion, a price-to-earnings ratio of 339.14 and a beta of 1.27. The stock has a 50-day moving average of $142.28 and a 200 day moving average of $122.90.

Netflix (NASDAQ:NFLX) last announced its earnings results on Wednesday, January 18th. The Internet television network reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.02. Netflix had a return on equity of 7.51% and a net margin of 2.11%. The firm earned $2.48 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the prior year, the company earned $0.10 EPS. The firm’s revenue for the quarter was up 35.9% compared to the same quarter last year. On average, analysts expect that Netflix will post $1.13 EPS for the current year.

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In other news, General Counsel David A. Hyman sold 5,005 shares of the stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $144.68, for a total transaction of $724,123.40. Following the transaction, the general counsel now owns 39,214 shares of the company’s stock, valued at approximately $5,673,481.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gregory K. Peters sold 16,667 shares of the stock in a transaction dated Thursday, January 19th. The stock was sold at an average price of $142.45, for a total transaction of $2,374,214.15. Following the transaction, the insider now directly owns 21,756 shares in the company, valued at approximately $3,099,142.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 327,778 shares of company stock valued at $44,385,274. Company insiders own 4.90% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Fund Advisors boosted its position in Netflix by 3.1% in the third quarter. BlackRock Fund Advisors now owns 5,031,607 shares of the Internet television network’s stock worth $495,865,000 after buying an additional 152,692 shares during the period. First Trust Advisors LP boosted its position in Netflix by 6.4% in the third quarter. First Trust Advisors LP now owns 1,958,697 shares of the Internet television network’s stock worth $193,030,000 after buying an additional 117,557 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Netflix by 3.0% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 66,881 shares of the Internet television network’s stock worth $6,591,000 after buying an additional 1,972 shares during the period. Sigma Planning Corp boosted its position in Netflix by 0.5% in the third quarter. Sigma Planning Corp now owns 10,692 shares of the Internet television network’s stock worth $1,054,000 after buying an additional 54 shares during the period. Finally, RPG Investment Advisory LLC boosted its position in Netflix by 56.2% in the third quarter. RPG Investment Advisory LLC now owns 32,154 shares of the Internet television network’s stock worth $3,168,000 after buying an additional 11,574 shares during the period. 80.42% 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.

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