Sanford C. Bernstein restated their outperform rating on shares of Netflix, Inc. (NASDAQ:NFLX) in a report released on Sunday morning. They currently have a $203.00 price objective on the Internet television network’s stock.

A number of other analysts also recently weighed in on NFLX. Cantor Fitzgerald raised their price target on shares of Netflix from $165.00 to $190.00 and gave the stock an overweight rating in a research report on Tuesday, June 6th. Vetr raised shares of Netflix from a hold rating to a buy rating and set a $168.81 price target on the stock in a report on Monday, June 12th. Canaccord Genuity upped their price target on shares of Netflix from $165.00 to $175.00 and gave the company a buy rating in a report on Friday, June 16th. Royal Bank Of Canada reiterated an outperform rating and set a $175.00 price objective on shares of Netflix in a research note on Friday, June 16th. Finally, BidaskClub downgraded shares of Netflix from a buy rating to a hold rating in a research note on Saturday, June 17th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-nine have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $180.15.

Netflix (NASDAQ:NFLX) opened at 181.35 on Friday. Netflix has a one year low of $96.79 and a one year high of $191.50. The firm has a market cap of $78.30 billion, a PE ratio of 220.62 and a beta of 1.09. The stock has a 50 day moving average of $175.28 and a 200 day moving average of $160.06.

Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.01). Netflix had a net margin of 3.55% and a return on equity of 12.82%. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same period in the previous year, the company earned $0.09 earnings per share. The business’s revenue for the quarter was up 32.3% on a year-over-year basis. On average, equities analysts forecast that Netflix will post $1.17 earnings per share for the current year.

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In other news, Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $169.18, for a total transaction of $338,360.00. Following the completion of the transaction, the director now owns 8,012 shares of the company’s stock, valued at $1,355,470.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Reed Hastings sold 93,380 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $166.07, for a total transaction of $15,507,616.60. Following the transaction, the chief executive officer now directly owns 93,380 shares of the company’s stock, valued at approximately $15,507,616.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 308,325 shares of company stock worth $55,447,238. Company insiders own 4.90% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Quadrant Capital Group LLC raised its holdings in Netflix by 0.6% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock valued at $229,000 after acquiring an additional 10 shares in the last quarter. Guardian Life Insurance Co. of America lifted its position in shares of Netflix by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock worth $245,000 after acquiring an additional 11 shares during the period. M Holdings Securities Inc. lifted its position in shares of Netflix by 0.5% in the 1st quarter. M Holdings Securities Inc. now owns 2,467 shares of the Internet television network’s stock worth $365,000 after acquiring an additional 12 shares during the period. Heritage Investors Management Corp grew its holdings in shares of Netflix by 0.6% during the 2nd quarter. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network’s stock worth $298,000 after purchasing an additional 12 shares in the last quarter. Finally, Kalos Management Inc. grew its holdings in shares of Netflix by 0.7% during the 2nd quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock worth $242,000 after purchasing an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 81.03% of the company’s stock.

Netflix Company Profile

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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