Netflix (NASDAQ:NFLX)‘s stock had its “overweight” rating reaffirmed by investment analysts at KeyCorp in a research note issued to investors on Friday, Marketbeat.com reports. They presently have a $270.00 price objective on the Internet television network’s stock, up from their previous price objective of $230.00. KeyCorp’s price target would indicate a potential upside of 22.47% from the stock’s previous close. KeyCorp also issued estimates for Netflix’s Q1 2018 earnings at $0.53 EPS, Q2 2018 earnings at $0.61 EPS, Q3 2018 earnings at $0.64 EPS and FY2018 earnings at $2.47 EPS.

Other research analysts also recently issued research reports about the stock. B. Riley reissued a “neutral” rating on shares of Netflix in a report on Wednesday, November 1st. Wedbush reissued a “hold” rating and set a $190.00 price objective (up previously from $180.00) on shares of Netflix in a report on Wednesday, October 18th. Cantor Fitzgerald reissued a “buy” rating and set a $205.00 price objective on shares of Netflix in a report on Thursday, October 5th. Rosenblatt Securities reissued a “buy” rating and set a $225.00 price objective (up previously from $200.00) on shares of Netflix in a report on Friday, October 6th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $205.00 price objective (up previously from $195.00) on shares of Netflix in a report on Tuesday, October 17th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirty-five have issued a buy rating to the company. Netflix has an average rating of “Buy” and an average target price of $213.56.

Netflix (NFLX) traded up $0.13 on Friday, hitting $220.46. 10,550,000 shares of the company’s stock traded hands, compared to its average volume of 6,720,000. Netflix has a twelve month low of $137.03 and a twelve month high of $226.07. The company has a market cap of $95,400.00, a P/E ratio of 222.69, a PEG ratio of 3.59 and a beta of 1.34. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20.

In related news, CEO Reed Hastings sold 83,335 shares of Netflix stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $192.79, for a total transaction of $16,066,154.65. Following the transaction, the chief executive officer now directly owns 83,335 shares of the company’s stock, valued at $16,066,154.65. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel David A. Hyman sold 63,378 shares of Netflix stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $198.90, for a total transaction of $12,605,884.20. Following the transaction, the general counsel now directly owns 43,071 shares in the company, valued at $8,566,821.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 341,551 shares of company stock worth $66,457,350. 4.90% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the stock. TRUE Private Wealth Advisors grew its holdings in Netflix by 240.9% in the fourth quarter. TRUE Private Wealth Advisors now owns 4,980 shares of the Internet television network’s stock worth $955,000 after purchasing an additional 3,519 shares during the last quarter. Personal Capital Advisors Corp grew its holdings in Netflix by 5.4% in the fourth quarter. Personal Capital Advisors Corp now owns 160,512 shares of the Internet television network’s stock worth $30,812,000 after purchasing an additional 8,245 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in Netflix by 806.5% in the fourth quarter. State of Alaska Department of Revenue now owns 44,960 shares of the Internet television network’s stock worth $8,629,000 after purchasing an additional 40,000 shares during the last quarter. Syntal Capital Partners LLC grew its holdings in Netflix by 81.5% in the fourth quarter. Syntal Capital Partners LLC now owns 8,127 shares of the Internet television network’s stock worth $1,560,000 after purchasing an additional 3,649 shares during the last quarter. Finally, Oakbrook Investments LLC purchased a new position in Netflix in the fourth quarter worth $840,000. 83.27% of the stock is currently owned by institutional investors.

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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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