Shares of Netflix Inc. (NASDAQ:NFLX) have earned a consensus recommendation of “Hold” from the forty-eight brokerages that are currently covering the company. Seven research analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and twenty-seven have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $109.56.

NFLX has been the topic of a number of analyst reports. Pacific Crest restated a “buy” rating and issued a $130.00 price objective on shares of Netflix in a research report on Wednesday, June 22nd. Cantor Fitzgerald restated a “buy” rating and issued a $140.00 price objective on shares of Netflix in a research report on Thursday, June 23rd. Zacks Investment Research upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a research report on Tuesday, June 21st. Nomura restated a “buy” rating and issued a $115.00 price objective (down previously from $125.00) on shares of Netflix in a research report on Monday, June 20th. Finally, Vetr cut shares of Netflix from a “strong-buy” rating to a “buy” rating and set a $106.59 price objective on the stock. in a research report on Thursday, June 16th.

Netflix (NASDAQ:NFLX) traded up 3.6350% during midday trading on Wednesday, reaching $106.0601. 9,544,971 shares of the company’s stock traded hands. The firm’s 50-day moving average is $97.38 and its 200 day moving average is $96.17. Netflix has a 52-week low of $79.95 and a 52-week high of $133.27. The firm has a market cap of $45.47 billion, a PE ratio of 331.4378 and a beta of 1.14.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, July 18th. The Internet television network reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. Netflix had a net margin of 1.85% and a return on equity of 5.59%. The firm had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter in the previous year, the company earned $0.06 earnings per share. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. Equities research analysts expect that Netflix will post $0.29 earnings per share for the current fiscal year.

In other news, Director Richard N. Barton sold 700 shares of Netflix stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $96.19, for a total transaction of $67,333.00. Following the completion of the transaction, the director now directly owns 15,562 shares of the company’s stock, valued at approximately $1,496,908.78. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard N. Barton sold 1,400 shares of Netflix stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $100.00, for a total transaction of $140,000.00. Following the transaction, the director now directly owns 16,262 shares of the company’s stock, valued at $1,626,200. The disclosure for this sale can be found here. Insiders own 4.90% of the company’s stock.

Several institutional investors have recently bought and sold shares of NFLX. Cornerstone Advisors Inc. raised its position in Netflix by 25.6% in the second quarter. Cornerstone Advisors Inc. now owns 1,118 shares of the Internet television network’s stock valued at $102,000 after buying an additional 228 shares during the period. Signature Estate & Investment Advisors LLC purchased a new position in Netflix during the second quarter valued at $124,000. Quadrant Capital Group LLC raised its position in Netflix by 15.1% in the second quarter. Quadrant Capital Group LLC now owns 1,475 shares of the Internet television network’s stock valued at $126,000 after buying an additional 194 shares during the period. Coconut Grove Bank raised its position in Netflix by 1.7% in the second quarter. Coconut Grove Bank now owns 1,526 shares of the Internet television network’s stock valued at $140,000 after buying an additional 26 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in Netflix by 15.3% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,690 shares of the Internet television network’s stock valued at $155,000 after buying an additional 224 shares during the period. 78.43% of the stock is owned by hedge funds and other institutional investors.

Netflix Company Profile

Netflix, Inc (Netflix) is a provider of Internet television network. The Company’s members can watch original series, documentaries and feature films in Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content.

5 Day Chart for NASDAQ:NFLX

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