Netflix (NASDAQ:NFLX) received a $388.00 price target from research analysts at Macquarie in a research note issued on Wednesday. The firm presently has a “buy” rating on the Internet television network’s stock. Macquarie’s price objective suggests a potential upside of 3.03% from the stock’s current price.

Several other analysts also recently issued reports on the company. Robert W. Baird restated a “neutral” rating and set a $370.00 price objective on shares of Netflix in a report on Monday. Guggenheim boosted their price objective on Netflix from $360.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, September 19th. SunTrust Banks set a $410.00 price objective on Netflix and gave the stock a “buy” rating in a report on Monday, September 17th. BidaskClub upgraded Netflix from a “hold” rating to a “buy” rating in a report on Friday, September 14th. Finally, ValuEngine upgraded Netflix from a “hold” rating to a “buy” rating in a report on Wednesday, September 12th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirty-two have assigned a buy rating to the company’s stock. Netflix has a consensus rating of “Buy” and an average price target of $355.69.

Netflix stock traded up $7.17 during midday trading on Wednesday, hitting $376.60. The company’s stock had a trading volume of 111,508 shares, compared to its average volume of 8,602,865. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.86. The stock has a market cap of $160.95 billion, a PE ratio of 299.44, a price-to-earnings-growth ratio of 4.62 and a beta of 0.90. Netflix has a 12 month low of $176.55 and a 12 month 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 the Thomson Reuters’ consensus estimate of $0.80 by $0.05. The firm had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.94 billion. Netflix had a return on equity of 25.66% and a net margin of 7.13%. The business’s revenue for the quarter was up 40.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.15 EPS. equities analysts predict that Netflix will post 2.67 EPS for the current fiscal year.

In related news, CFO David B. Wells sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $385.05, for a total value of $385,050.00. Following the completion of the sale, the chief financial officer now owns 1,000 shares of the company’s stock, valued at approximately $385,050. The sale 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 the business’s stock in a transaction that occurred on Thursday, July 19th. The shares were sold at an average price of $371.20, for a total value of $14,467,891.20. Following the completion of the sale, the general counsel now directly owns 43,895 shares of the company’s stock, valued at approximately $16,293,824. The disclosure for this sale can be found here. In the last three months, insiders sold 319,195 shares of company stock valued at $112,492,438. 4.29% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in NFLX. CSat Investment Advisory L.P. bought a new stake in Netflix during the second quarter worth approximately $117,000. Guidant Wealth Advisors boosted its position in Netflix by 190.5% during the second quarter. Guidant Wealth Advisors now owns 305 shares of the Internet television network’s stock worth $121,000 after purchasing an additional 200 shares during the period. Signature Estate & Investment Advisors LLC bought a new stake in Netflix during the second quarter worth approximately $124,000. WealthTrust Fairport LLC boosted its position in Netflix by 133.3% during the second quarter. WealthTrust Fairport LLC now owns 350 shares of the Internet television network’s stock worth $137,000 after purchasing an additional 200 shares during the period. Finally, BerganKDV Wealth Management LLC bought a new stake in Netflix during the second quarter worth approximately $137,000. 73.72% of the stock is owned by institutional investors and hedge funds.

About Netflix

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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