Netflix (NASDAQ:NFLX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The firm currently has a $213.00 target price on the Internet television network’s stock. Zacks Investment Research‘s price objective points to a potential upside of 12.81% from the stock’s previous close.

According to Zacks, “Netflix’s growing subscriber base is the primary factor that helps it generate significant revenues.  The company’s investments in regional programming help it to draw more international subscribers. The company remains confident of adding more subscribers as the trend of binge viewing is catching up fast. Netflix now has over 109 million subscribers globally. We believe continuing subscriber addition and expanding content portfolio are the key catalysts that will help Netflix to sustain growth going forward. In the past one year, Netflix shares have vastly outperformed the industry. However, higher investments on original/acquired content will continue to hurt profitability, at least in the near term. Stringent competition from other well-established players also poses a major concern.”

A number of other analysts have also recently issued reports on NFLX. KeyCorp reissued a “buy” rating and set a $190.00 target price on shares of Netflix in a research note on Friday, August 25th. Sanford C. Bernstein set a $203.00 target price on Netflix and gave the stock a “buy” rating in a research note on Wednesday, August 30th. Vetr cut Netflix from a “hold” rating to a “sell” rating and set a $165.09 target price for the company. in a research note on Wednesday, August 30th. Robert W. Baird reissued a “hold” rating and set a $175.00 target price on shares of Netflix in a research note on Friday, September 1st. Finally, SunTrust Banks reissued a “hold” rating and set a $175.00 target price on shares of Netflix in a research note on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and thirty-four have issued a buy rating to the stock. Netflix presently has a consensus rating of “Buy” and a consensus price target of $209.55.

Shares of Netflix (NASDAQ NFLX) opened at $188.82 on Tuesday. Netflix has a 52 week low of $123.60 and a 52 week high of $204.38. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market capitalization of $80,929.38, a P/E ratio of 188.91, a P/E/G ratio of 5.56 and a beta of 1.33.

Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same period in the previous year, the company posted $0.12 earnings per share. Netflix’s revenue for the quarter was up 30.3% compared to the same quarter last year. analysts anticipate that Netflix will post 1.26 earnings per share for the current year.

In other news, Director Ann Mather sold 3,885 shares of Netflix stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $200.00, for a total transaction of $777,000.00. Following the completion of the sale, the director now owns 1,015 shares of the company’s stock, valued at $203,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard N. Barton sold 2,000 shares of Netflix stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $179.89, for a total value of $359,780.00. Following the sale, the director now directly owns 7,930 shares of the company’s stock, valued at approximately $1,426,527.70. The disclosure for this sale can be found here. Insiders have sold a total of 249,518 shares of company stock valued at $48,810,613 in the last ninety days. Insiders own 4.90% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of NFLX. FMR LLC increased its position in shares of Netflix by 12.4% in the second quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock worth $3,531,042,000 after purchasing an additional 2,605,731 shares during the period. Janus Henderson Group PLC increased its position in shares of Netflix by 3,478.1% in the second quarter. Janus Henderson Group PLC now owns 2,041,458 shares of the Internet television network’s stock worth $305,014,000 after purchasing an additional 1,984,404 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Netflix by 22,622.2% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 814,592 shares of the Internet television network’s stock worth $121,708,000 after purchasing an additional 811,007 shares during the period. Vanguard Group Inc. increased its position in shares of Netflix by 2.9% in the second quarter. Vanguard Group Inc. now owns 27,950,272 shares of the Internet television network’s stock worth $4,176,049,000 after purchasing an additional 789,190 shares during the period. Finally, Winslow Capital Management LLC increased its position in shares of Netflix by 495,050.8% in the second quarter. Winslow Capital Management LLC now owns 623,890 shares of the Internet television network’s stock worth $93,216,000 after purchasing an additional 623,764 shares during the period. Institutional investors own 83.27% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This piece was first published by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.watchlistnews.com/zacks-investment-research-upgrades-netflix-nflx-to-buy/1776161.html.

About Netflix

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)

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.