Equities research analysts at Brean Capital assumed coverage on shares of Netflix Inc. (NASDAQ:NFLX) in a report issued on Monday. The brokerage set a “buy” rating on the Internet television network’s stock.

Other research analysts have also issued research reports about the company. Vetr raised Netflix from a “hold” rating to a “buy” rating and set a $103.71 price objective for the company in a report on Thursday, September 8th. BMO Capital Markets reissued a “market perform” rating and set a $85.00 price objective on shares of Netflix in a report on Thursday, July 28th. Jefferies Group reissued an “underperform” rating and set a $76.00 price objective on shares of Netflix in a report on Friday, September 23rd. Cowen and Company reissued an “outperform” rating and set a $110.00 price objective on shares of Netflix in a report on Wednesday, October 12th. Finally, RBC Capital Markets reissued an “outperform” rating and set a $130.00 price objective on shares of Netflix in a report on Monday, October 17th. Eight analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirty have assigned a buy rating to the company. Netflix presently has an average rating of “Hold” and a consensus price target of $117.91.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

Shares of Netflix (NASDAQ:NFLX) opened at 115.21 on Monday. Netflix has a 52-week low of $79.95 and a 52-week high of $133.27. The firm has a 50-day moving average of $114.95 and a 200-day moving average of $99.91. The stock has a market cap of $49.44 billion, a P/E ratio of 311.38 and a beta of 1.81.

Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, October 17th. The Internet television network reported $0.12 earnings per share for the quarter, beating the Zacks’ 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 6.31% and a net margin of 1.99%. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 EPS. On average, equities analysts expect that Netflix will post $0.40 EPS for the current fiscal year.

In related news, Director Richard N. Barton sold 1,400 shares of the company’s stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $97.86, for a total value of $137,004.00. Following the completion of the transaction, the director now owns 15,562 shares of the company’s stock, valued at approximately $1,522,897.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard N. Barton sold 2,800 shares of the company’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $115.31, for a total value of $322,868.00. Following the completion of the transaction, the director now directly owns 8,412 shares of the company’s stock, valued at approximately $969,987.72. The disclosure for this sale can be found here. 4.90% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in NFLX. Scopia Capital Management LP boosted its position in Netflix by 55.2% in the first quarter. Scopia Capital Management LP now owns 1,846,398 shares of the Internet television network’s stock worth $188,757,000 after buying an additional 656,585 shares during the last quarter. Baillie Gifford & Co. boosted its position in Netflix by 4.5% in the second quarter. Baillie Gifford & Co. now owns 7,316,440 shares of the Internet television network’s stock worth $669,307,000 after buying an additional 314,275 shares during the last quarter. Private Capital Management Inc. acquired a new position in Netflix during the second quarter worth $631,000. State Board of Administration of Florida Retirement System boosted its position in Netflix by 17.9% in the second quarter. State Board of Administration of Florida Retirement System now owns 615,420 shares of the Internet television network’s stock worth $56,299,000 after buying an additional 93,313 shares during the last quarter. Finally, Advisory Services Network LLC boosted its position in Netflix by 15.0% in the second quarter. Advisory Services Network LLC now owns 5,415 shares of the Internet television network’s stock worth $495,000 after buying an additional 706 shares during the last quarter. 77.71% of the stock is owned by 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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