Canaccord Genuity reiterated their buy rating on shares of Netflix Inc. (NASDAQ:NFLX) in a research note published on Monday morning. They currently have a $140.00 price objective on the Internet television network’s stock, up from their prior price objective of $115.00.

Several other equities research analysts also recently commented on NFLX. Nomura reaffirmed a buy rating and set a $115.00 target price (down from $125.00) on shares of Netflix in a report on Monday, June 20th. Zacks Investment Research raised Netflix from a hold rating to a buy rating and set a $105.00 target price for the company in a report on Tuesday, June 21st. Sanford C. Bernstein reaffirmed an underperform rating and set a $62.00 target price on shares of Netflix in a report on Wednesday, June 22nd. Cantor Fitzgerald reaffirmed a buy rating and set a $140.00 target price on shares of Netflix in a report on Thursday, June 23rd. Finally, Pacific Crest reaffirmed a buy rating and set a $130.00 target price on shares of Netflix in a report on Wednesday, June 22nd. Seven research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have issued a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $115.89.

Netflix (NASDAQ:NFLX) traded up 19.16% during trading on Monday, hitting $118.92. The stock had a trading volume of 22,582,438 shares. The company has a market cap of $50.98 billion, a P/E ratio of 371.62 and a beta of 1.14. Netflix has a 12-month low of $79.95 and a 12-month high of $133.27. The company has a 50 day moving average of $98.99 and a 200-day moving average of $96.28.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, October 17th. The Internet television network reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.06. The business earned $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. Netflix had a return on equity of 5.59% and a net margin of 1.85%. The company’s revenue was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.07 earnings per share. On average, equities analysts predict that Netflix will post $0.28 EPS for the current year.

In related news, CEO Reed Hastings sold 116,431 shares of the stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $86.59, for a total value of $10,081,760.29. Following the completion of the sale, the chief executive officer now directly owns 116,431 shares in the company, valued at $10,081,760.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jay C. Hoag acquired 600,000 shares of the firm’s stock in a transaction that occurred on Monday, July 25th. The stock was bought at an average price of $86.43 per share, with a total value of $51,858,000.00. The disclosure for this purchase can be found here. Insiders own 4.90% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Menta Capital LLC increased its stake in Netflix by 225.0% in the first quarter. Menta Capital LLC now owns 10,833 shares of the Internet television network’s stock worth $1,107,000 after buying an additional 7,500 shares during the last quarter. M&T Bank Corp increased its stake in Netflix by 5.6% in the first quarter. M&T Bank Corp now owns 32,482 shares of the Internet television network’s stock worth $3,320,000 after buying an additional 1,737 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its stake in Netflix by 16.4% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,201 shares of the Internet television network’s stock worth $225,000 after buying an additional 310 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Netflix by 1.1% in the first quarter. Canada Pension Plan Investment Board now owns 46,963 shares of the Internet television network’s stock worth $4,801,000 after buying an additional 500 shares during the last quarter. Finally, BB&T Securities LLC increased its stake in Netflix by 97.1% in the first quarter. BB&T Securities LLC now owns 10,991 shares of the Internet television network’s stock worth $1,123,000 after buying an additional 5,416 shares during the last quarter. Institutional investors and hedge funds own 78.41% of the company’s stock.

About Netflix

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

Receive News & Stock Ratings for Netflix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix Inc. and related stocks with our FREE daily email newsletter.