Netflix, Inc. (NASDAQ:NFLX) had its target price lifted by equities researchers at Pivotal Research from $170.00 to $175.00 in a research report issued on Tuesday. The firm presently has a “buy” rating on the Internet television network’s stock. Pivotal Research’s price target would indicate a potential upside of 25.21% from the stock’s previous close.

Several other equities analysts have also recently issued reports on NFLX. FBR & Co reiterated a “hold” rating and issued a $144.00 target price on shares of Netflix in a research note on Tuesday, April 11th. Piper Jaffray Companies restated an “overweight” rating and set a $166.00 price objective on shares of Netflix in a research report on Thursday, April 6th. Jefferies Group LLC upped their price objective on shares of Netflix from $80.00 to $95.00 and gave the stock an “underperform” rating in a research report on Thursday, January 19th. Instinet upped their price objective on shares of Netflix from $130.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, January 19th. Finally, Rosenblatt Securities initiated coverage on shares of Netflix in a research report on Tuesday, April 4th. They set a “neutral” rating and a $150.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $145.35.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

Netflix (NASDAQ:NFLX) opened at 139.76 on Tuesday. Netflix has a 52-week low of $84.50 and a 52-week high of $148.29. The company has a market capitalization of $60.15 billion, a P/E ratio of 325.02 and a beta of 1.27. The firm has a 50-day moving average of $143.50 and a 200 day moving average of $130.61. Netflix also was the recipient of some unusual options trading activity on Monday. Traders purchased 7,517 call options on the stock. This represents an increase of 122% compared to the average daily volume of 3,386 call options.



Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, April 17th. The Internet television network reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.03. Netflix had a net margin of 2.11% and a return on equity of 7.51%. The firm earned $2.64 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same period in the previous year, the business posted $0.06 EPS. The business’s revenue was up 34.7% compared to the same quarter last year. Equities analysts predict that Netflix will post $1.11 earnings per share for the current fiscal year.

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In related news, insider Neil D. Hunt sold 10,000 shares of Netflix stock in a transaction on Monday, February 6th. The shares were sold at an average price of $140.00, for a total value of $1,400,000.00. Following the transaction, the insider now directly owns 469,952 shares in the company, valued at approximately $65,793,280. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Tawni Cranz sold 2,170 shares of Netflix stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $144.23, for a total transaction of $312,979.10. Following the completion of the transaction, the insider now owns 2,170 shares in the company, valued at $312,979.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 236,281 shares of company stock worth $34,047,161. Insiders own 4.90% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Shinko Asset Management Co. Ltd. raised its position in Netflix by 8.8% in the third quarter. Shinko Asset Management Co. Ltd. now owns 14,181 shares of the Internet television network’s stock worth $1,398,000 after buying an additional 1,151 shares during the period. Alpha Cubed Investments LLC raised its position in Netflix by 122.4% in the third quarter. Alpha Cubed Investments LLC now owns 23,953 shares of the Internet television network’s stock worth $2,361,000 after buying an additional 13,182 shares during the period. Gateway Investment Advisers LLC raised its position in Netflix by 1.4% in the third quarter. Gateway Investment Advisers LLC now owns 309,236 shares of the Internet television network’s stock worth $30,475,000 after buying an additional 4,265 shares during the period. Quadrant Capital Group LLC raised its position in Netflix by 3.6% in the third quarter. Quadrant Capital Group LLC now owns 1,528 shares of the Internet television network’s stock worth $139,000 after buying an additional 53 shares during the period. Finally, Ausdal Financial Partners Inc. raised its position in Netflix by 15.4% in the third quarter. Ausdal Financial Partners Inc. now owns 3,367 shares of the Internet television network’s stock worth $332,000 after buying an additional 450 shares during the period. Hedge funds and other institutional investors own 80.42% of the company’s stock.

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.

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