Macquarie set a $388.00 target price on Netflix (NASDAQ:NFLX) in a report issued on Wednesday morning. The brokerage currently has a buy rating on the Internet television network’s stock.

Other equities analysts also recently issued research reports about the stock. Loop Capital raised their price objective on shares of Netflix from $325.00 to $330.00 in a report on Tuesday, April 17th. Piper Jaffray Companies raised their price objective on shares of Netflix from $360.00 to $367.00 in a report on Tuesday, April 17th. Goldman Sachs Group reissued a $375.13 rating and issued a $470.00 price objective on shares of Netflix in a report on Wednesday, July 18th. Bank of America raised their price objective on shares of Netflix from $300.00 to $347.00 and gave the stock a buy rating in a report on Tuesday, April 17th. Finally, JPMorgan Chase & Co. reissued a buy rating and issued a $385.00 price objective on shares of Netflix in a report on Tuesday, April 17th. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirty have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $346.99.

Shares of NASDAQ NFLX traded down $5.66 during trading on Wednesday, reaching $316.78. 10,370,079 shares of the company traded hands, compared to its average volume of 10,918,783. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.86. The company has a market cap of $150.61 billion, a PE ratio of 253.42, a PEG ratio of 4.28 and a beta of 0.76. Netflix has a 52-week low of $164.23 and a 52-week high of $423.21.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, July 16th. The Internet television network reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.05. The company had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.94 billion. Netflix had a net margin of 7.13% and a return on equity of 25.66%. The firm’s revenue was up 40.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.15 earnings per share. equities research analysts anticipate that Netflix will post 2.69 EPS for the current fiscal year.

In other news, insider Theodore A. Sarandos sold 111,391 shares of Netflix stock in a transaction that occurred on Monday, July 23rd. The shares were sold at an average price of $360.00, for a total transaction of $40,100,760.00. Following the sale, the insider now owns 16,065 shares in the company, valued at $5,783,400. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel David A. Hyman sold 38,976 shares of Netflix stock in a transaction that occurred on Thursday, July 19th. The shares were sold at an average price of $371.20, for a total transaction of $14,467,891.20. Following the sale, the general counsel now owns 43,895 shares in the company, valued at approximately $16,293,824. The disclosure for this sale can be found here. In the last quarter, insiders have sold 434,727 shares of company stock worth $159,153,534. Company insiders own 4.29% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. GHP Investment Advisors Inc. bought a new stake in Netflix in the second quarter worth $789,000. Schroder Investment Management Group increased its position in Netflix by 4.0% in the second quarter. Schroder Investment Management Group now owns 297,887 shares of the Internet television network’s stock worth $117,790,000 after purchasing an additional 11,586 shares during the last quarter. Global X Management Co LLC increased its position in Netflix by 43.2% in the second quarter. Global X Management Co LLC now owns 12,879 shares of the Internet television network’s stock worth $5,041,000 after purchasing an additional 3,887 shares during the last quarter. Amussen Hunsaker Associates LLC bought a new stake in Netflix in the second quarter worth $200,000. Finally, MAI Capital Management increased its position in Netflix by 5.2% in the second quarter. MAI Capital Management now owns 9,960 shares of the Internet television network’s stock worth $3,899,000 after purchasing an additional 496 shares during the last quarter. Institutional investors own 76.28% 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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Analyst Recommendations for Netflix (NASDAQ:NFLX)

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