Goldman Sachs Group restated their $375.13 rating on shares of Netflix (NASDAQ:NFLX) in a research note released on Wednesday, July 18th. They currently have a $470.00 price target on the Internet television network’s stock.

Several other equities analysts have also issued reports on the company. ValuEngine lowered Netflix from a strong-buy rating to a buy rating in a research note on Wednesday, July 18th. Citigroup boosted their price target on Netflix from $340.00 to $350.00 and gave the company a neutral rating in a research note on Tuesday, July 17th. Bank of America lowered their price target on Netflix from $460.00 to $410.00 and set a buy rating on the stock in a research note on Tuesday, July 17th. Jefferies Financial Group reiterated a neutral rating and issued a $320.00 price objective on shares of Netflix in a research note on Tuesday, July 17th. Finally, Robert W. Baird reiterated a neutral rating and issued a $370.00 price objective on shares of Netflix in a research note on Tuesday, July 17th. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirty-one have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $347.19.

Shares of NASDAQ NFLX traded down $3.49 during trading hours on Wednesday, hitting $345.87. 4,318,939 shares of the company’s stock were exchanged, compared to its average volume of 14,505,035. Netflix has a 1-year low of $164.23 and a 1-year high of $423.21. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.54 and a current ratio of 1.54. The stock has a market capitalization of $151.37 billion, a PE ratio of 276.70, a P/E/G ratio of 4.31 and a beta of 0.76.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, July 16th. The Internet television network reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.05. Netflix had a return on equity of 25.66% and a net margin of 7.13%. The firm had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.94 billion. During the same period in the previous year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 40.3% compared to the same quarter last year. equities research analysts forecast that Netflix will post 2.69 EPS for the current fiscal year.

In related news, insider Theodore A. Sarandos sold 111,391 shares of the company’s stock in a transaction on Monday, July 23rd. The shares were sold at an average price of $360.00, for a total value of $40,100,760.00. Following the completion of the sale, the insider now owns 16,065 shares in the company, valued at approximately $5,783,400. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard N. Barton sold 700 shares of the company’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $352.55, for a total transaction of $246,785.00. Following the completion of the sale, the director now owns 7,393 shares of the company’s stock, valued at approximately $2,606,402.15. The disclosure for this sale can be found here. In the last three months, insiders sold 434,027 shares of company stock worth $158,902,715. 4.29% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in Netflix by 2.3% during the 2nd quarter. BlackRock Inc. now owns 27,436,409 shares of the Internet television network’s stock worth $10,739,434,000 after purchasing an additional 619,795 shares in the last quarter. FMR LLC grew its holdings in shares of Netflix by 6.1% in the 2nd quarter. FMR LLC now owns 26,511,408 shares of the Internet television network’s stock valued at $10,377,360,000 after acquiring an additional 1,534,290 shares in the last quarter. Baillie Gifford & Co. grew its holdings in shares of Netflix by 12.0% in the 1st quarter. Baillie Gifford & Co. now owns 7,794,760 shares of the Internet television network’s stock valued at $2,302,183,000 after acquiring an additional 837,285 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Netflix by 2.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,565,543 shares of the Internet television network’s stock valued at $757,733,000 after acquiring an additional 59,075 shares in the last quarter. Finally, Edgewood Management LLC grew its holdings in shares of Netflix by 2.3% in the 2nd quarter. Edgewood Management LLC now owns 2,523,740 shares of the Internet television network’s stock valued at $987,868,000 after acquiring an additional 55,566 shares in the last quarter. Institutional investors and hedge funds own 76.80% of the company’s stock.

Netflix Company Profile

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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Analyst Recommendations for Netflix (NASDAQ:NFLX)

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