Citigroup Inc restated their neutral rating on shares of Netflix, Inc. (NASDAQ:NFLX) in a research report sent to investors on Wednesday, April 19th. They currently have a $145.00 price objective on the Internet television network’s stock.

Several other brokerages also recently issued reports on NFLX. Stifel Nicolaus raised their price objective on shares of Netflix from $140.00 to $150.00 and gave the stock a buy rating in a research note on Wednesday, December 21st. Jefferies Group LLC reissued an underperform rating and issued a $80.00 price objective on shares of Netflix in a research note on Wednesday, December 21st. Wedbush reissued an underperform rating and issued a $60.00 price objective on shares of Netflix in a research note on Wednesday, December 21st. Canaccord Genuity reissued a buy rating and issued a $140.00 price objective on shares of Netflix in a research note on Wednesday, December 21st. Finally, Loop Capital reissued a buy rating and issued a $151.00 price objective on shares of Netflix in a research note on Thursday, December 22nd. Two 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 stock. The company presently has an average rating of Buy and a consensus target price of $146.24.

Shares of Netflix (NASDAQ:NFLX) traded up 0.75% during midday trading on Wednesday, reaching $156.86. The company’s stock had a trading volume of 917,150 shares. The company has a market cap of $67.61 billion, a PE ratio of 202.92 and a beta of 1.27. Netflix has a 12 month low of $84.50 and a 12 month high of $161.78. The company’s 50-day moving average price is $150.36 and its 200-day moving average price is $136.82.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, April 17th. The Internet television network reported $0.40 EPS for the quarter, beating the Zacks’ 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 had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter last year, the firm earned $0.06 EPS. The firm’s revenue for the quarter was up 34.7% compared to the same quarter last year. On average, equities analysts anticipate that Netflix will post $1.04 EPS for the current fiscal year.

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In related news, Director Richard N. Barton sold 1,000 shares of the firm’s stock in a transaction on Tuesday, April 18th. The stock was sold at an average price of $147.39, for a total value of $147,390.00. Following the completion of the transaction, the director now directly owns 8,012 shares of the company’s stock, valued at $1,180,888.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Reed Hastings sold 91,994 shares of the firm’s stock in a transaction on Thursday, April 20th. The stock was sold at an average price of $140.97, for a total value of $12,968,394.18. Following the completion of the transaction, the chief executive officer now directly owns 91,994 shares of the company’s stock, valued at $12,968,394.18. The disclosure for this sale can be found here. Insiders sold 368,241 shares of company stock valued at $53,520,038 over the last three months. 4.90% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of Nova Scotia boosted its position in shares of Netflix by 3.3% in the first quarter. Bank of Nova Scotia now owns 9,912 shares of the Internet television network’s stock valued at $1,465,000 after buying an additional 319 shares during the period. Meridian Wealth Management LLC bought a new position in shares of Netflix during the first quarter worth about $441,000. Green Square Capital LLC bought a new position in shares of Netflix during the first quarter worth about $678,000. Point72 Asset Management L.P. boosted its position in shares of Netflix by 79.6% in the first quarter. Point72 Asset Management L.P. now owns 760,772 shares of the Internet television network’s stock worth $112,450,000 after buying an additional 337,072 shares during the last quarter. Finally, First Financial Equity Corporation bought a new position in shares of Netflix during the first quarter worth about $409,000. 80.42% of the stock is owned by hedge funds and other institutional investors.

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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