Robert W. Baird reaffirmed their neutral rating on shares of Netflix (NASDAQ:NFLX) in a research note issued to investors on Monday. The firm currently has a $370.00 target price on the Internet television network’s stock.

Several other research firms also recently weighed in on NFLX. Royal Bank of Canada reiterated a buy rating and set a $360.00 target price on shares of Netflix in a research report on Friday, June 1st. UBS Group downgraded Netflix from a buy rating to a neutral rating and reduced their target price for the stock from $425.00 to $237.00 in a research report on Wednesday, July 11th. Goldman Sachs Group reiterated a $375.13 rating and set a $470.00 target price on shares of Netflix in a research report on Wednesday, July 18th. Atlantic Securities reiterated a buy rating and set a $413.00 target price on shares of Netflix in a research report on Monday, September 3rd. Finally, SunTrust Banks raised their price objective on Netflix from $270.00 to $415.00 and gave the stock a hold rating in a report on Friday, July 13th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirty-two have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $355.69.

NASDAQ NFLX opened at $377.88 on Monday. Netflix has a twelve month low of $176.58 and a twelve month high of $423.21. The stock has a market cap of $160.87 billion, a P/E ratio of 168.69, a price-to-earnings-growth ratio of 4.61 and a beta of 0.90. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.86.

Netflix (NASDAQ:NFLX) last released its earnings results on Monday, July 16th. The Internet television network reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.05. Netflix had a return on equity of 25.66% and a net margin of 7.13%. The firm had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.94 billion. During the same period in the prior year, the business posted $0.15 earnings per share. The firm’s revenue for the quarter was up 40.3% compared to the same quarter last year. equities analysts anticipate that Netflix will post 2.67 EPS for the current year.

In other Netflix news, insider Theodore A. Sarandos sold 111,391 shares of the firm’s stock in a transaction that occurred on Monday, July 23rd. The stock was sold at an average price of $360.00, for a total transaction of $40,100,760.00. Following the completion of the sale, the insider now owns 16,065 shares in the company, valued at approximately $5,783,400. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO David B. Wells sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $359.00, for a total value of $359,000.00. Following the sale, the chief financial officer now owns 1,000 shares of the company’s stock, valued at approximately $359,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 420,778 shares of company stock valued at $149,888,468. Insiders own 4.29% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of NFLX. Financial Gravity Wealth Inc. acquired a new stake in Netflix during the 1st quarter valued at approximately $326,000. Gabelli Funds LLC grew its stake in Netflix by 4.2% during the 1st quarter. Gabelli Funds LLC now owns 24,600 shares of the Internet television network’s stock valued at $7,266,000 after purchasing an additional 1,000 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in Netflix by 5.5% during the 1st quarter. Gamco Investors INC. ET AL now owns 3,439 shares of the Internet television network’s stock valued at $1,016,000 after purchasing an additional 179 shares in the last quarter. Brinker Capital Inc. grew its stake in Netflix by 20.2% during the 1st quarter. Brinker Capital Inc. now owns 4,071 shares of the Internet television network’s stock valued at $1,202,000 after purchasing an additional 685 shares in the last quarter. Finally, Natixis Advisors L.P. grew its stake in Netflix by 4.9% during the 1st quarter. Natixis Advisors L.P. now owns 30,477 shares of the Internet television network’s stock valued at $9,001,000 after purchasing an additional 1,417 shares in the last quarter. Hedge funds and other institutional investors own 73.72% 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.

See Also: How Do Tariffs Affect Trade Balances?

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.