Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “buy” rating restated by investment analysts at Rosenblatt Securities in a research report issued on Wednesday. They currently have a $200.00 target price on the Internet television network’s stock. Rosenblatt Securities’ price objective suggests a potential upside of 20.42% from the stock’s previous close.

NFLX has been the subject of a number of other reports. Raymond James Financial, Inc. reissued an “outperform” rating and set a $205.00 target price (up from $165.00) on shares of Netflix in a research note on Tuesday, July 18th. Guggenheim increased their target price on Netflix from $160.00 to $173.00 and gave the stock a “buy” rating in a research note on Tuesday, April 18th. William Blair reissued an “outperform” rating and set a $165.00 target price on shares of Netflix in a research note on Saturday, April 22nd. Vetr raised Netflix from a “sell” rating to a “hold” rating and set a $158.60 target price for the company in a research note on Monday, May 15th. Finally, Cantor Fitzgerald increased their target price on Netflix from $165.00 to $190.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 6th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $175.12.

Netflix (NASDAQ NFLX) opened at 166.09 on Wednesday. The stock has a market capitalization of $71.71 billion, a P/E ratio of 202.06 and a beta of 1.02. The company’s 50-day moving average is $170.35 and its 200-day moving average is $154.56. Netflix has a 12 month low of $93.26 and a 12 month high of $191.50.

Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by $0.01. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the previous year, the company posted $0.09 earnings per share. Netflix’s revenue for the quarter was up 32.3% compared to the same quarter last year. Equities analysts anticipate that Netflix will post $1.19 earnings per share for the current year.

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In related news, insider Gregory K. Peters sold 6,853 shares of Netflix stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $164.29, for a total value of $1,125,879.37. Following the transaction, the insider now directly owns 19,943 shares of the company’s stock, valued at $3,276,435.47. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard N. Barton sold 1,000 shares of Netflix stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $181.37, for a total value of $181,370.00. Following the completion of the transaction, the director now directly owns 8,012 shares in the company, valued at $1,453,136.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 389,801 shares of company stock worth $64,889,201. 4.90% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the company. Guardian Life Insurance Co. of America raised its position in shares of Netflix by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock valued at $245,000 after buying an additional 11 shares during the period. Teachers Advisors LLC raised its position in shares of Netflix by 2.0% in the first quarter. Teachers Advisors LLC now owns 1,300,531 shares of the Internet television network’s stock valued at $192,231,000 after buying an additional 25,266 shares during the period. Banco Santander S.A. acquired a new position in shares of Netflix during the first quarter valued at about $43,264,000. Bronfman E.L. Rothschild L.P. raised its position in shares of Netflix by 0.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,134 shares of the Internet television network’s stock valued at $168,000 after buying an additional 9 shares during the period. Finally, Twin Capital Management Inc. raised its position in shares of Netflix by 0.8% in the first quarter. Twin Capital Management Inc. now owns 16,900 shares of the Internet television network’s stock valued at $2,498,000 after buying an additional 130 shares during the period. 82.94% of the stock is currently 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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