Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “overweight” rating reissued by analysts at Morgan Stanley in a report released on Thursday, July 13th. They presently have a $185.00 target price on the Internet television network’s stock, up from their prior target price of $175.00. Morgan Stanley’s price target would indicate a potential upside of 2.02% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. MKM Partners reaffirmed a “buy” rating and issued a $175.00 price objective on shares of Netflix in a research report on Monday, March 27th. Zacks Investment Research raised shares of Netflix from a “hold” rating to a “buy” rating and set a $163.00 target price on the stock in a research report on Tuesday, March 21st. Loop Capital reissued a “buy” rating and set a $167.00 target price (up previously from $159.00) on shares of Netflix in a research report on Monday, March 20th. Cantor Fitzgerald restated a “buy” rating and set a $160.00 price objective (up from $148.64) on shares of Netflix in a research note on Thursday, April 13th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $170.00 price objective on shares of Netflix in a research note on Friday, April 14th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $174.36.

Shares of Netflix (NFLX) opened at 181.33 on Thursday. The firm has a market cap of $78.29 billion, a P/E ratio of 220.60 and a beta of 1.02. Netflix has a 12 month low of $91.82 and a 12 month high of $191.50. The company’s 50-day moving average price is $163.28 and its 200-day moving average price is $151.74.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by $0.01. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the prior year, the firm posted $0.09 EPS. The company’s revenue for the quarter was up 32.3% compared to the same quarter last year. On average, analysts predict that Netflix will post $1.17 EPS for the current year.

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In other Netflix news, CEO Reed Hastings sold 115,577 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $152.63, for a total value of $17,640,517.51. Following the transaction, the chief executive officer now directly owns 115,577 shares of the company’s stock, valued at approximately $17,640,517.51. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $159.08, for a total value of $318,160.00. Following the sale, the director now directly owns 7,082 shares in the company, valued at $1,126,604.56. The disclosure for this sale can be found here. Insiders sold a total of 398,801 shares of company stock valued at $66,269,371 in the last 90 days. 4.90% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NFLX. Jennison Associates LLC boosted its position in Netflix by 21.4% in the first quarter. Jennison Associates LLC now owns 12,947,211 shares of the Internet television network’s stock valued at $1,913,727,000 after buying an additional 2,279,835 shares during the last quarter. FMR LLC boosted its position in Netflix by 6.6% in the first quarter. FMR LLC now owns 21,027,506 shares of the Internet television network’s stock valued at $3,108,076,000 after buying an additional 1,305,294 shares during the last quarter. Vanguard Group Inc. boosted its position in Netflix by 3.5% in the first quarter. Vanguard Group Inc. now owns 27,161,082 shares of the Internet television network’s stock valued at $4,014,680,000 after buying an additional 921,283 shares during the last quarter. Tybourne Capital Management HK Ltd. boosted its position in Netflix by 34.3% in the first quarter. Tybourne Capital Management HK Ltd. now owns 2,316,195 shares of the Internet television network’s stock valued at $342,357,000 after buying an additional 590,966 shares during the last quarter. Finally, Morgan Stanley boosted its position in Netflix by 22.9% in the first quarter. Morgan Stanley now owns 3,061,631 shares of the Internet television network’s stock valued at $452,541,000 after buying an additional 571,126 shares during the last quarter. 82.78% of the stock is owned by 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.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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