Jefferies Group reaffirmed their underperform rating on shares of Netflix Inc. (NASDAQ:NFLX) in a research note published on Tuesday. They currently have a $80.00 price target on the Internet television network’s stock, up from their previous price target of $76.00.

A number of other equities research analysts have also recently commented on the company. Cowen and Company reiterated an outperform rating and set a $110.00 target price on shares of Netflix in a report on Wednesday, October 12th. Cantor Fitzgerald reiterated a buy rating on shares of Netflix in a report on Sunday, August 14th. FBR & Co reiterated a market perform rating and set a $90.00 target price (down previously from $104.00) on shares of Netflix in a report on Sunday, July 17th. Piper Jaffray Cos. reiterated an overweight rating and set a $122.00 target price on shares of Netflix in a report on Tuesday, July 12th. Finally, Vetr cut Netflix from a strong-buy rating to a buy rating and set a $102.41 target price on the stock. in a report on Wednesday, July 27th. Eight analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-eight have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $115.73.

Netflix (NASDAQ:NFLX) traded up 1.38% during trading on Tuesday, reaching $120.43. The company’s stock had a trading volume of 3,877,536 shares. The company has a 50 day moving average price of $99.60 and a 200-day moving average price of $96.38. Netflix has a 52 week low of $79.95 and a 52 week high of $133.27. The company has a market capitalization of $51.63 billion, a PE ratio of 376.34 and a beta of 1.14.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, October 17th. The Internet television network reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.06. Netflix had a return on equity of 6.45% and a net margin of 1.99%. The firm earned $2.29 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period last year, the business posted $0.07 EPS. Netflix’s quarterly revenue was up 31.7% on a year-over-year basis. Equities research analysts anticipate that Netflix will post $0.28 earnings per share for the current year.

In other Netflix news, Director Richard N. Barton sold 2,800 shares of Netflix stock in a transaction dated Thursday, October 6th. The shares were sold at an average price of $104.27, for a total value of $291,956.00. Following the completion of the sale, the director now owns 15,254 shares in the company, valued at approximately $1,590,534.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Reed Hastings sold 116,431 shares of Netflix stock in a transaction dated Thursday, July 21st. The stock was sold at an average price of $86.59, for a total transaction of $10,081,760.29. Following the completion of the sale, the chief executive officer now owns 116,431 shares of the company’s stock, valued at approximately $10,081,760.29. The disclosure for this sale can be found here. 4.90% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the stock. Allen Investment Management LLC boosted its position in shares of Netflix by 2.6% in the first quarter. Allen Investment Management LLC now owns 30,941 shares of the Internet television network’s stock valued at $3,163,000 after buying an additional 778 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its position in shares of Netflix by 69.9% in the first quarter. Adage Capital Partners GP L.L.C. now owns 645,960 shares of the Internet television network’s stock valued at $66,036,000 after buying an additional 265,678 shares during the last quarter. National Pension Service boosted its position in shares of Netflix by 4.2% in the first quarter. National Pension Service now owns 215,392 shares of the Internet television network’s stock valued at $22,020,000 after buying an additional 8,623 shares during the last quarter. Hancock Holding Co. boosted its position in shares of Netflix by 14.2% in the first quarter. Hancock Holding Co. now owns 120,712 shares of the Internet television network’s stock valued at $12,340,000 after buying an additional 15,029 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Netflix by 2.4% in the first quarter. Geode Capital Management LLC now owns 3,450,527 shares of the Internet television network’s stock valued at $352,036,000 after buying an additional 79,246 shares during the last quarter. Institutional investors own 78.41% of the company’s stock.

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.

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