Netflix (NASDAQ:NFLX)‘s stock had its “buy” rating restated by equities researchers at Oppenheimer in a report issued on Tuesday. They presently have a $285.00 target price on the Internet television network’s stock. Oppenheimer’s price objective would suggest a potential upside of 9.07% from the company’s previous close. Oppenheimer also issued estimates for Netflix’s Q1 2018 earnings at $0.60 EPS, Q2 2018 earnings at $0.68 EPS and FY2022 earnings at $11.02 EPS.

Several other brokerages also recently issued reports on NFLX. Loop Capital boosted their price objective on Netflix from $228.00 to $242.00 and gave the stock a “buy” rating in a research report on Tuesday, October 17th. Morgan Stanley reissued an “overweight” rating and set a $255.00 target price (up previously from $235.00) on shares of Netflix in a report on Thursday, January 18th. Royal Bank of Canada reissued an “outperform” rating and set a $210.00 target price on shares of Netflix in a report on Friday, October 6th. Canaccord Genuity reissued a “buy” rating and set a $280.00 target price (up previously from $225.00) on shares of Netflix in a report on Tuesday. Finally, Buckingham Research reissued a “buy” rating and set a $214.00 target price on shares of Netflix in a report on Monday, October 9th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirty-five have issued a buy rating to the stock. Netflix has an average rating of “Buy” and an average target price of $235.36.

Netflix (NASDAQ:NFLX) opened at $261.30 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $113,070.00, a P/E ratio of 209.04, a PEG ratio of 3.67 and a beta of 1.34. Netflix has a 52-week low of $138.26 and a 52-week high of $261.71.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. The business had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.28 billion. Netflix had a return on equity of 17.81% and a net margin of 4.78%. The business’s revenue was up 32.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.15 earnings per share. research analysts anticipate that Netflix will post 2.33 EPS for the current year.

In other Netflix news, insider Jonathan Friedland sold 2,743 shares of Netflix stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $205.59, for a total transaction of $563,933.37. Following the transaction, the insider now directly owns 1,147 shares in the company, valued at approximately $235,811.73. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Reed Hastings sold 75,243 shares of Netflix stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $196.25, for a total transaction of $14,766,438.75. Following the transaction, the chief executive officer now owns 75,243 shares in the company, valued at $14,766,438.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 344,148 shares of company stock worth $70,084,090. Corporate insiders own 4.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of NFLX. Thrivent Financial For Lutherans grew its position in Netflix by 3.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 16,320 shares of the Internet television network’s stock worth $2,439,000 after purchasing an additional 510 shares in the last quarter. ETRADE Capital Management LLC grew its position in Netflix by 28.3% during the 2nd quarter. ETRADE Capital Management LLC now owns 3,182 shares of the Internet television network’s stock worth $475,000 after purchasing an additional 702 shares in the last quarter. FIL Ltd purchased a new position in Netflix during the 2nd quarter worth approximately $3,925,000. Quantbot Technologies LP purchased a new position in Netflix during the 2nd quarter worth approximately $724,000. Finally, Ark Investment Management LLC grew its position in Netflix by 37.4% during the 2nd quarter. Ark Investment Management LLC now owns 62,715 shares of the Internet television network’s stock worth $9,370,000 after purchasing an additional 17,064 shares in the last quarter. Hedge funds and other institutional investors own 83.27% of the company’s stock.

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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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