Netflix, Inc. (NFLX) PT Raised to $225.00

Netflix, Inc. (NASDAQ:NFLX) had its price objective hoisted by stock analysts at Morgan Stanley from $210.00 to $225.00 in a research note issued on Wednesday. The firm currently has an “overweight” rating on the Internet television network’s stock. Morgan Stanley’s price objective indicates a potential upside of 14.88% from the company’s previous close.

Several other equities analysts have also issued reports on NFLX. FBR & Co reaffirmed a “hold” rating on shares of Netflix in a research note on Thursday, October 5th. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Netflix in a research note on Friday, October 6th. Jefferies Group LLC reaffirmed a “hold” rating and set a $165.00 price target (down previously from $171.80) on shares of Netflix in a research note on Wednesday, August 9th. Robert W. Baird reaffirmed a “hold” rating and set a $175.00 price target on shares of Netflix in a research note on Wednesday, October 4th. Finally, Wedbush reaffirmed a “sell” rating on shares of Netflix in a research note on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, nineteen have given a hold rating and thirty have given a buy rating to the company’s stock. Netflix currently has a consensus rating of “Buy” and a consensus target price of $190.99.

Shares of Netflix (NASDAQ:NFLX) traded up 1.38% during midday trading on Wednesday, reaching $198.57. 7,823,476 shares of the company’s stock traded hands. Netflix has a 52-week low of $98.38 and a 52-week high of $200.82. The firm has a market capitalization of $85.73 billion, a P/E ratio of 241.57 and a beta of 1.09. The stock’s 50 day moving average price is $181.96 and its 200 day moving average price is $165.19.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share (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 firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same period last year, the company earned $0.09 EPS. The company’s revenue was up 32.3% compared to the same quarter last year. On average, equities research analysts anticipate that Netflix will post $1.19 EPS for the current fiscal year.

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In related news, insider Gregory K. Peters sold 12,768 shares of the business’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $177.38, for a total transaction of $2,264,787.84. Following the sale, the insider now owns 19,208 shares in the company, valued at approximately $3,407,115.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard N. Barton sold 2,000 shares of the business’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $169.18, for a total value of $338,360.00. Following the sale, the director now owns 8,012 shares in the company, valued at approximately $1,355,470.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 318,067 shares of company stock worth $57,315,706. Corporate insiders own 4.90% of the company’s stock.

A number of hedge funds have recently modified their holdings of NFLX. AXA grew its position in Netflix by 92.0% during the 1st quarter. AXA now owns 158,400 shares of the Internet television network’s stock worth $23,413,000 after acquiring an additional 75,900 shares during the last quarter. Traynor Capital Management Inc. grew its position in Netflix by 7.8% during the 1st quarter. Traynor Capital Management Inc. now owns 34,776 shares of the Internet television network’s stock worth $5,430,000 after acquiring an additional 2,508 shares during the last quarter. Summit Financial Wealth Advisors LLC bought a new stake in Netflix during the 1st quarter worth $220,000. Municipal Employees Retirement System of Michigan grew its position in Netflix by 0.9% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 15,080 shares of the Internet television network’s stock worth $2,229,000 after acquiring an additional 130 shares during the last quarter. Finally, HCR Wealth Advisors grew its position in Netflix by 11.1% during the 1st quarter. HCR Wealth Advisors now owns 2,749 shares of the Internet television network’s stock worth $406,000 after acquiring an additional 275 shares during the last quarter. Institutional investors and hedge funds own 81.02% of the company’s stock.

Netflix Company Profile

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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