KeyCorp reissued their buy rating on shares of Netflix, Inc. (NASDAQ:NFLX) in a research note issued to investors on Tuesday. The firm currently has a $230.00 target price on the Internet television network’s stock. KeyCorp also issued estimates for Netflix’s Q4 2017 earnings at $0.41 EPS, FY2017 earnings at $1.24 EPS, Q1 2018 earnings at $0.50 EPS, Q2 2018 earnings at $0.56 EPS, Q3 2018 earnings at $0.57 EPS, Q4 2018 earnings at $0.61 EPS and FY2018 earnings at $2.25 EPS.

Other research analysts have also issued research reports about the company. BMO Capital Markets reaffirmed a market perform rating and set a $180.00 price target (up previously from $150.00) on shares of Netflix in a research report on Tuesday, July 18th. Needham & Company LLC reaffirmed a hold rating on shares of Netflix in a research report on Tuesday, July 18th. Bank of America Corporation reaffirmed a buy rating and set a $199.00 price target (up previously from $184.00) on shares of Netflix in a research report on Tuesday, July 18th. Vetr raised Netflix from a sell rating to a hold rating and set a $165.09 price target on the stock in a research report on Wednesday, August 16th. Finally, Jefferies Group LLC reaffirmed a hold rating and set a $141.00 price target on shares of Netflix in a research report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirty-four have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $205.69.

Shares of Netflix (NASDAQ NFLX) traded down 0.50% during midday trading on Tuesday, reaching $194.16. The company had a trading volume of 5,995,568 shares. The stock has a market capitalization of $83.96 billion, a PE ratio of 193.97 and a beta of 1.09. The company’s 50 day moving average price is $186.73 and its 200 day moving average price is $167.39. Netflix has a 52-week low of $110.68 and a 52-week high of $204.38.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.03). The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.97 billion. Netflix had a return on equity of 14.56% and a net margin of 4.04%. The company’s quarterly revenue was up 30.3% on a year-over-year basis. During the same period last year, the firm earned $0.12 EPS. Equities research analysts expect that Netflix will post $1.25 earnings per share for the current year.

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In other news, insider Jonathan Friedland sold 3,617 shares of the company’s stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $203.35, for a total value of $735,516.95. 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 company’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $187.75, for a total value of $375,500.00. Following the completion of the sale, the director now directly owns 7,198 shares of the company’s stock, valued at approximately $1,351,424.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 305,288 shares of company stock valued at $55,168,715. 4.90% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC boosted its position in shares of Netflix by 0.6% in the second quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock worth $229,000 after buying an additional 10 shares during the period. Guardian Life Insurance Co. of America boosted its position in shares of Netflix by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock worth $245,000 after buying an additional 11 shares during the period. M Holdings Securities Inc. boosted its position in shares of Netflix by 0.5% in the first quarter. M Holdings Securities Inc. now owns 2,467 shares of the Internet television network’s stock worth $365,000 after buying an additional 12 shares during the period. Heritage Investors Management Corp boosted its position in shares of Netflix by 0.6% in the second quarter. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network’s stock worth $298,000 after buying an additional 12 shares during the period. Finally, Kalos Management Inc. boosted its position in shares of Netflix by 0.7% in the second quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock worth $242,000 after buying an additional 12 shares during the period. 81.02% of the stock is owned by institutional investors.

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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