SunTrust Banks restated their buy rating on shares of Netflix (NASDAQ:NFLX) in a report issued on Friday, TipRanks reports.

A number of other research analysts have also recently commented on NFLX. Sanford C. Bernstein reissued a buy rating and issued a $421.00 price target on shares of Netflix in a report on Tuesday, December 18th. Credit Suisse Group decreased their price objective on Netflix from $470.00 to $440.00 and set an outperform rating on the stock in a report on Wednesday, December 19th. BidaskClub raised Netflix from a sell rating to a hold rating in a report on Thursday, December 20th. Goldman Sachs Group reaffirmed a conviction-buy rating and set a $400.00 price objective on shares of Netflix in a report on Friday, January 4th. Finally, Barclays decreased their price objective on Netflix from $430.00 to $375.00 and set an overweight rating on the stock in a report on Monday, January 7th. Seven research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $375.71.

NASDAQ NFLX opened at $348.87 on Friday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.49 and a current ratio of 1.49. Netflix has a 12 month low of $231.23 and a 12 month high of $423.21. The company has a market capitalization of $160.52 billion, a P/E ratio of 130.18, a price-to-earnings-growth ratio of 3.08 and a beta of 1.36.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, January 17th. The Internet television network reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.06. Netflix had a return on equity of 25.82% and a net margin of 7.67%. The company had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same period in the previous year, the firm earned $0.41 EPS. The firm’s revenue was up 27.4% compared to the same quarter last year. As a group, equities analysts forecast that Netflix will post 3.98 earnings per share for the current year.

In related news, Director Anne M. Sweeney sold 342 shares of the stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $360.00, for a total transaction of $123,120.00. Following the sale, the director now owns 342 shares in the company, valued at approximately $123,120. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Reed Hastings sold 67,907 shares of the stock in a transaction on Tuesday, January 22nd. The shares were sold at an average price of $328.17, for a total value of $22,285,040.19. Following the sale, the chief executive officer now owns 67,907 shares in the company, valued at approximately $22,285,040.19. The disclosure for this sale can be found here. Insiders have sold a total of 184,381 shares of company stock worth $64,721,327 in the last 90 days. 4.29% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. Flagship Harbor Advisors LLC grew its position in Netflix by 2.8% in the 1st quarter. Flagship Harbor Advisors LLC now owns 8,864 shares of the Internet television network’s stock valued at $3,160,000 after acquiring an additional 245 shares during the last quarter. Jag Capital Management LLC grew its position in Netflix by 33.6% in the 1st quarter. Jag Capital Management LLC now owns 39,907 shares of the Internet television network’s stock valued at $14,229,000 after acquiring an additional 10,026 shares during the last quarter. BT Wealth Management LLC bought a new position in Netflix in the 1st quarter valued at $357,000. Quantitative Systematic Strategies LLC bought a new position in Netflix in the 1st quarter valued at $689,000. Finally, Raymond James Trust N.A. grew its position in Netflix by 34.7% in the 1st quarter. Raymond James Trust N.A. now owns 3,837 shares of the Internet television network’s stock valued at $1,368,000 after acquiring an additional 988 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors.

Netflix Company Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Analyst Recommendations for Netflix (NASDAQ:NFLX)

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