Piper Jaffray Companies restated their overweight rating on shares of Netflix, Inc. (NASDAQ:NFLX) in a report issued on Tuesday morning. They currently have a $215.00 price objective on the Internet television network’s stock, up from their previous price objective of $198.00.

Other analysts also recently issued reports about the company. UBS AG restated a buy rating and issued a $175.00 price objective on shares of Netflix in a research report on Wednesday, April 19th. Loop Capital upped their price objective on Netflix from $162.00 to $172.00 and gave the company an outperform rating in a research report on Wednesday, April 19th. BMO Capital Markets restated a market perform rating and issued a $180.00 price objective (up from $150.00) on shares of Netflix in a research report on Tuesday, July 18th. Needham & Company LLC restated a hold rating on shares of Netflix in a research report on Tuesday, July 18th. Finally, Bank of America Corporation restated a buy rating and issued a $199.00 price objective (up from $184.00) on shares of Netflix in a research report on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-eight have given a buy rating to the company. Netflix presently has a consensus rating of Buy and an average target price of $175.13.

Netflix (NFLX) traded up 1.34% on Tuesday, hitting $171.40. The stock had a trading volume of 5,022,334 shares. The stock’s 50 day moving average is $168.76 and its 200 day moving average is $153.74. The stock has a market cap of $74.00 billion, a price-to-earnings ratio of 208.52 and a beta of 1.02. Netflix has a one year low of $93.26 and a one year high of $191.50.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter in the prior year, the company earned $0.09 earnings per share. The firm’s revenue was up 32.3% compared to the same quarter last year. Analysts anticipate that Netflix will post $1.19 earnings per share for the current year.

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In other news, CEO Reed Hastings sold 101,815 shares of Netflix stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $157.13, for a total transaction of $15,998,190.95. Following the transaction, the chief executive officer now directly owns 101,815 shares in the company, valued at approximately $15,998,190.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Gregory K. Peters sold 6,853 shares of Netflix stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $164.29, for a total value of $1,125,879.37. Following the transaction, the insider now owns 19,943 shares in the company, valued at $3,276,435.47. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 389,801 shares of company stock worth $64,889,201. 4.90% of the stock is owned by insiders.

Several institutional investors have recently modified their holdings of the stock. Highbridge Capital Management LLC boosted its position in shares of Netflix by 1,108.0% in the fourth quarter. Highbridge Capital Management LLC now owns 3,624 shares of the Internet television network’s stock valued at $448,000 after buying an additional 3,324 shares during the period. CENTRAL TRUST Co boosted its position in shares of Netflix by 408.4% in the first quarter. CENTRAL TRUST Co now owns 849 shares of the Internet television network’s stock valued at $125,000 after buying an additional 682 shares during the period. Raymond James Trust N.A. boosted its position in shares of Netflix by 57.0% in the first quarter. Raymond James Trust N.A. now owns 2,800 shares of the Internet television network’s stock valued at $414,000 after buying an additional 1,017 shares during the period. Sheets Smith Wealth Management purchased a new position in shares of Netflix during the first quarter valued at about $471,000. Finally, Quadrant Capital Group LLC boosted its position in shares of Netflix by 6.5% in the first quarter. Quadrant Capital Group LLC now owns 1,674 shares of the Internet television network’s stock valued at $233,000 after buying an additional 102 shares during the period. Institutional investors own 82.78% of the company’s stock.

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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