Robert W. Baird upgraded shares of Netflix (NASDAQ:NFLX) from a neutral rating to an outperform rating in a research note issued to investors on Monday, Benzinga reports. Robert W. Baird currently has $415.00 price objective on the Internet television network’s stock, up from their previous price objective of $350.00.

NFLX has been the subject of several other research reports. Canaccord Genuity reiterated a buy rating and issued a $415.00 target price on shares of Netflix in a research note on Wednesday, January 22nd. Cowen restated a buy rating and set a $415.00 price target on shares of Netflix in a research report on Wednesday, December 18th. Pivotal Research reaffirmed a buy rating and set a $425.00 price objective on shares of Netflix in a report on Wednesday, January 22nd. Stifel Nicolaus reaffirmed a buy rating and set a $390.00 price objective on shares of Netflix in a report on Wednesday, January 29th. Finally, Piper Jaffray Companies reaffirmed a buy rating and set a $400.00 price objective on shares of Netflix in a report on Wednesday, December 11th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. Netflix has an average rating of Buy and an average target price of $381.58.

Netflix stock opened at $347.39 on Monday. The company has a market cap of $150.24 billion, a P/E ratio of 84.11, a price-to-earnings-growth ratio of 1.97 and a beta of 1.27. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.95. The company has a fifty day simple moving average of $362.02 and a 200 day simple moving average of $318.50. Netflix has a 1-year low of $252.28 and a 1-year high of $393.52.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.78. Netflix had a net margin of 9.26% and a return on equity of 28.45%. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.45 billion. During the same period in the previous year, the firm posted $0.30 EPS. The firm’s revenue was up 30.6% on a year-over-year basis. On average, equities research analysts forecast that Netflix will post 6.06 EPS for the current year.

In related news, Director Jay C. Hoag sold 1,894 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $371.75, for a total value of $704,094.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Reed Hastings sold 83,692 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $336.61, for a total value of $28,171,564.12. Following the completion of the sale, the chief executive officer now directly owns 83,692 shares of the company’s stock, valued at approximately $28,171,564.12. The disclosure for this sale can be found here. Insiders have sold 220,560 shares of company stock worth $79,422,333 over the last quarter. Company insiders own 4.29% of the company’s stock.

A number of hedge funds have recently made changes to their positions in NFLX. Norges Bank purchased a new stake in Netflix in the fourth quarter worth $1,195,984,000. Private Advisor Group LLC lifted its stake in Netflix by 100.9% in the fourth quarter. Private Advisor Group LLC now owns 30,154 shares of the Internet television network’s stock worth $9,757,000 after acquiring an additional 3,558,154 shares during the period. Capital International Investors lifted its position in Netflix by 36.5% during the fourth quarter. Capital International Investors now owns 10,758,982 shares of the Internet television network’s stock valued at $3,481,284,000 after buying an additional 2,874,435 shares during the period. Capital Research Global Investors lifted its position in Netflix by 7.7% during the fourth quarter. Capital Research Global Investors now owns 38,002,047 shares of the Internet television network’s stock valued at $12,296,322,000 after buying an additional 2,713,207 shares during the period. Finally, Capital World Investors lifted its position in Netflix by 13.1% during the fourth quarter. Capital World Investors now owns 14,480,179 shares of the Internet television network’s stock valued at $4,685,351,000 after buying an additional 1,682,813 shares during the period. 81.79% of the stock is owned by institutional investors.

About Netflix

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Analyst Recommendations for Netflix (NASDAQ:NFLX)

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