Netflix, Inc. (NASDAQ:NFLX) gapped up before the market opened on Tuesday . The stock had previously closed at $328.26, but opened at $336.63. Netflix shares last traded at $353.40, with a volume of 7872583 shares changing hands.

A number of research firms have commented on NFLX. SunTrust Banks reissued a “buy” rating and set a $402.00 price target on shares of Netflix in a report on Wednesday, March 27th. UBS Group began coverage on Netflix in a report on Tuesday, April 2nd. They set a “neutral” rating and a $350.00 price target on the stock. Buckingham Research decreased their price target on Netflix from $382.00 to $358.00 and set a “neutral” rating on the stock in a report on Wednesday, April 17th. Barclays reissued a “buy” rating on shares of Netflix in a report on Thursday, May 16th. Finally, Rosenblatt Securities reissued a “hold” rating on shares of Netflix in a report on Wednesday, April 17th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $386.03.

The stock has a market capitalization of $150.09 billion, a P/E ratio of 131.87, a PEG ratio of 3.42 and a beta of 1.30. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.81.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, April 16th. The Internet television network reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.19. The company had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.50 billion. Netflix had a return on equity of 24.75% and a net margin of 7.61%. The firm’s revenue was up 22.2% on a year-over-year basis. During the same quarter last year, the business posted $0.64 earnings per share. On average, analysts expect that Netflix, Inc. will post 3.34 earnings per share for the current fiscal year.

In related news, CEO Reed Hastings sold 57,414 shares of Netflix stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $348.88, for a total value of $20,030,596.32. Following the completion of the transaction, the chief executive officer now owns 57,414 shares in the company, valued at $20,030,596.32. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 166,838 shares of company stock valued at $60,415,372. 3.72% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in NFLX. Clarfeld Financial Advisors LLC purchased a new position in shares of Netflix during the fourth quarter valued at approximately $27,000. Pearl River Capital LLC purchased a new position in shares of Netflix during the fourth quarter valued at approximately $30,000. Citizens Financial Group Inc RI boosted its position in shares of Netflix by 750.0% during the fourth quarter. Citizens Financial Group Inc RI now owns 136 shares of the Internet television network’s stock valued at $36,000 after buying an additional 120 shares during the period. TCG Advisors LP purchased a new position in shares of Netflix during the first quarter valued at approximately $36,000. Finally, CNB Bank purchased a new position in shares of Netflix during the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 77.02% of the company’s stock.

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About Netflix (NASDAQ:NFLX)

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

Further Reading: Capital Gains Distribution

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