Netflix, Inc. (NFLX) Price Target Raised to $228.00

Netflix, Inc. (NASDAQ:NFLX) had its price objective raised by Loop Capital from $212.00 to $228.00 in a research note issued to investors on Monday, Marketbeat reports. They currently have a buy rating on the Internet television network’s stock.

Several other brokerages have also weighed in on NFLX. Piper Jaffray Companies reissued a buy rating and set a $215.00 target price on shares of Netflix in a research report on Monday, September 18th. Royal Bank Of Canada reissued an outperform rating and set a $210.00 target price on shares of Netflix in a research report on Friday, October 6th. Vetr raised Netflix from a sell rating to a hold rating and set a $165.75 price target on the stock in a research report on Thursday, August 10th. MKM Partners reaffirmed a buy rating and set a $195.00 price target on shares of Netflix in a research report on Monday, July 10th. Finally, J P Morgan Chase & Co reaffirmed a buy rating on shares of Netflix in a research report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and thirty have issued a buy rating to the company. The company presently has an average rating of Buy and an average price target of $189.39.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $2.76 billion. During the same period last year, the business posted $0.09 EPS. Netflix’s revenue was up 32.3% on a year-over-year basis.

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In related news, insider Gregory K. Peters sold 12,768 shares of Netflix stock in a transaction dated 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 directly owns 19,208 shares of the company’s stock, valued at $3,407,115.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Richard N. Barton sold 2,000 shares of Netflix stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $196.16, for a total value of $392,320.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 318,067 shares of company stock worth $57,315,706. 4.90% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Almanack Investment Partners LLC. acquired a new stake in Netflix during the second quarter valued at approximately $101,000. TD Capital Management LLC acquired a new stake in Netflix during the second quarter valued at approximately $105,000. SRS Capital Advisors Inc. boosted its holdings in Netflix by 3,361.9% during the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock valued at $107,000 after purchasing an additional 706 shares in the last quarter. Harfst & Associates Inc. acquired a new stake in Netflix during the first quarter valued at approximately $109,000. Finally, Aviance Capital Management LLC acquired a new stake in Netflix during the second quarter valued at approximately $137,000. 81.02% of the stock is currently owned by institutional investors and hedge funds.

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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