Netflix, Inc. (NASDAQ:NFLX) Rating Reiterated by Sanford C. Bernstein

Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “outperform” rating reiterated by Sanford C. Bernstein in a research note issued to investors on Tuesday, July 18th. They currently have a $203.00 price objective on the Internet television network’s stock, up from their prior price objective of $178.00. Sanford C. Bernstein’s target price suggests a potential upside of 10.30% from the stock’s current price.

Several other equities research analysts also recently commented on NFLX. Wedbush boosted their target price on Netflix from $68.00 to $73.00 and gave the stock an “underperform” rating in a report on Tuesday, April 18th. Vetr raised Netflix from a “sell” rating to a “hold” rating and set a $138.98 price target on the stock in a report on Monday, April 17th. Pivotal Research upped their price target on Netflix from $170.00 to $175.00 and gave the company a “buy” rating in a report on Tuesday, April 18th. William Blair reaffirmed an “outperform” rating and set a $165.00 price target on shares of Netflix in a report on Saturday, April 22nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $175.00 price target on shares of Netflix in a report on Monday, April 17th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $174.36.

Shares of Netflix (NFLX) traded up 0.74% during midday trading on Tuesday, hitting $184.04. 6,201,947 shares of the company were exchanged. The company has a 50-day moving average of $161.73 and a 200 day moving average of $150.70. Netflix has a one year low of $90.50 and a one year high of $191.50. The company has a market capitalization of $79.46 billion, a P/E ratio of 223.89 and a beta of 0.98.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Netflix had a return on equity of 12.82% and a net margin of 3.55%. Netflix’s revenue for the quarter was up 32.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.09 earnings per share. On average, equities research analysts expect that Netflix will post $1.17 earnings per share for the current fiscal year.

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In related news, insider Neil D. Hunt sold 10,000 shares of the stock in a transaction on Monday, May 1st. The stock was sold at an average price of $151.91, for a total value of $1,519,100.00. Following the transaction, the insider now owns 462,460 shares of the company’s stock, valued at $70,252,298.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Reed Hastings sold 109,214 shares of the stock in a transaction on Monday, July 24th. The shares were sold at an average price of $188.61, for a total value of $20,598,852.54. Following the completion of the transaction, the chief executive officer now directly owns 109,214 shares in the company, valued at approximately $20,598,852.54. The disclosure for this sale can be found here. Insiders sold 433,801 shares of company stock worth $71,702,221 in the last three months. 4.90% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. raised its position in shares of Netflix by 0.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,134 shares of the Internet television network’s stock valued at $168,000 after buying an additional 9 shares during the last quarter. Guardian Life Insurance Co. of America raised 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 valued at $245,000 after buying an additional 11 shares during the last quarter. M Holdings Securities Inc. raised 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 valued at $365,000 after buying an additional 12 shares during the last quarter. Heritage Investors Management Corp raised 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 valued at $298,000 after buying an additional 12 shares during the last quarter. Finally, Northwest Wealth Management LLC raised its position in shares of Netflix by 0.8% in the second quarter. Northwest Wealth Management LLC now owns 1,890 shares of the Internet television network’s stock valued at $282,000 after buying an additional 15 shares during the last quarter. 82.82% of the stock is currently 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.