Netflix (NASDAQ:NFLX) had its price objective increased by Goldman Sachs Group from $430.00 to $480.00 in a research note issued to investors on Wednesday morning, The Fly reports. The firm currently has an outperform rating on the Internet television network’s stock.

A number of other equities research analysts have also issued reports on the stock. Imperial Capital cut their target price on shares of Netflix from $503.00 to $494.00 and set an outperform rating on the stock in a research note on Monday, August 13th. Canaccord Genuity upped their target price on shares of Netflix from $350.00 to $500.00 and gave the company a buy rating in a research note on Thursday, July 12th. Citigroup upped their target price on shares of Netflix to $375.00 and gave the company a neutral rating in a research note on Wednesday, September 12th. Credit Suisse Group restated a buy rating and issued a $470.00 target price on shares of Netflix in a research note on Monday, October 1st. Finally, Guggenheim upped their target price on shares of Netflix from $360.00 to $420.00 and gave the company a buy rating in a research note on Wednesday, September 19th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirty-one have assigned a buy rating to the stock. Netflix currently has an average rating of Buy and a consensus target price of $376.83.

Shares of Netflix stock traded down $14.04 during trading on Wednesday, reaching $332.67. The company had a trading volume of 16,690,754 shares, compared to its average volume of 12,670,742. The firm has a market cap of $150.98 billion, a PE ratio of 266.14, a price-to-earnings-growth ratio of 4.40 and a beta of 0.89. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.39. Netflix has a fifty-two week low of $178.38 and a fifty-two week high of $423.21.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, October 16th. The Internet television network reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $3.99 billion. Netflix had a net margin of 8.48% and a return on equity of 29.52%. The company’s revenue for the quarter was up 34.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.29 EPS. On average, equities analysts predict that Netflix will post 2.63 earnings per share for the current year.

In other Netflix news, insider Theodore A. Sarandos sold 111,391 shares of the company’s stock in a transaction dated Monday, July 23rd. The shares were sold at an average price of $360.00, for a total value of $40,100,760.00. Following the completion of the transaction, the insider now owns 16,065 shares in the company, valued at approximately $5,783,400. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard N. Barton sold 350 shares of the company’s stock in a transaction dated Thursday, October 11th. The stock was sold at an average price of $324.94, for a total transaction of $113,729.00. Following the completion of the transaction, the director now owns 7,314 shares of the company’s stock, valued at approximately $2,376,611.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 403,334 shares of company stock valued at $142,463,785. Insiders own 4.29% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Berkeley Capital Partners LLC grew its position in Netflix by 17.3% in the 2nd quarter. Berkeley Capital Partners LLC now owns 1,008 shares of the Internet television network’s stock worth $273,000 after purchasing an additional 149 shares during the last quarter. Capstone Financial Advisors Inc. grew its position in Netflix by 17.8% in the 2nd quarter. Capstone Financial Advisors Inc. now owns 1,006 shares of the Internet television network’s stock worth $394,000 after purchasing an additional 152 shares during the last quarter. Cornerstone Advisors Inc. grew its position in Netflix by 9.6% in the 2nd quarter. Cornerstone Advisors Inc. now owns 1,740 shares of the Internet television network’s stock worth $681,000 after purchasing an additional 153 shares during the last quarter. Cobblestone Capital Advisors LLC NY grew its position in Netflix by 22.1% in the 2nd quarter. Cobblestone Capital Advisors LLC NY now owns 855 shares of the Internet television network’s stock worth $335,000 after purchasing an additional 155 shares during the last quarter. Finally, Sound Income Strategies LLC grew its position in Netflix by 30.6% in the 3rd quarter. Sound Income Strategies LLC now owns 675 shares of the Internet television network’s stock worth $253,000 after purchasing an additional 158 shares during the last quarter. Hedge funds and other institutional investors own 73.83% of the company’s stock.

Netflix Company Profile

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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