Netflix, Inc. (NFLX) Price Target Increased to $175.00 by Analysts at Pivotal Research

Netflix, Inc. (NASDAQ:NFLX) had its price target lifted by Pivotal Research from $170.00 to $175.00 in a research note released on Tuesday. Pivotal Research currently has a buy rating on the Internet television network’s stock.

A number of other equities analysts have also weighed in on NFLX. FBR & Co reaffirmed a hold rating and issued a $144.00 target price on shares of Netflix in a research note on Tuesday, April 11th. Piper Jaffray Companies reaffirmed an overweight rating and issued a $166.00 target price on shares of Netflix in a research note on Thursday, April 6th. Rosenblatt Securities assumed coverage on shares of Netflix in a research note on Tuesday, April 4th. They issued a neutral rating and a $150.00 target price for the company. Instinet upped their target price on shares of Netflix from $130.00 to $165.00 and gave the stock a buy rating in a research note on Thursday, January 19th. Finally, Jefferies Group LLC upped their target price on shares of Netflix from $80.00 to $95.00 and gave the stock an underperform rating in a research note on Thursday, January 19th. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twenty-seven have issued a buy rating to the company’s stock. Netflix currently has a consensus rating of Buy and an average price target of $143.29.

Shares of Netflix (NASDAQ:NFLX) traded down 1.19% during trading on Tuesday, hitting $141.65. The stock had a trading volume of 2,152,239 shares. Netflix has a 52 week low of $84.50 and a 52 week high of $148.29. The stock has a market capitalization of $60.97 billion, a price-to-earnings ratio of 329.42 and a beta of 1.27. The stock’s 50 day moving average is $143.57 and its 200 day moving average is $130.54. Netflix also was the recipient of unusually large options trading activity on Monday. Investors acquired 7,517 call options on the company. This is an increase of 122% compared to the typical volume of 3,386 call options.

Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, April 17th. The Internet television network reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.03. The firm earned $2.64 billion during the quarter, compared to analyst estimates of $2.64 billion. Netflix had a net margin of 2.11% and a return on equity of 7.51%. The company’s revenue for the quarter was up 34.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.06 EPS. On average, equities research analysts expect that Netflix will post $1.11 earnings per share for the current fiscal year.

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In related news, insider Tawni Cranz sold 2,170 shares of Netflix stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $144.23, for a total transaction of $312,979.10. Following the completion of the transaction, the insider now owns 2,170 shares of the company’s stock, valued at $312,979.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Neil D. Hunt sold 10,000 shares of Netflix stock in a transaction on Monday, February 6th. The stock was sold at an average price of $140.00, for a total transaction of $1,400,000.00. Following the transaction, the insider now directly owns 469,952 shares of the company’s stock, valued at approximately $65,793,280. The disclosure for this sale can be found here. Insiders have sold 249,948 shares of company stock valued at $35,983,225 in the last three months. 4.90% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in NFLX. Linscomb & Williams Inc. increased its stake in Netflix by 0.9% in the fourth quarter. Linscomb & Williams Inc. now owns 3,269 shares of the Internet television network’s stock valued at $405,000 after buying an additional 29 shares during the period. Wetherby Asset Management Inc. increased its stake in Netflix by 0.5% in the fourth quarter. Wetherby Asset Management Inc. now owns 5,979 shares of the Internet television network’s stock valued at $740,000 after buying an additional 32 shares during the period. Edmond DE Rothschild Italia SGR SPA increased its stake in Netflix by 0.9% in the third quarter. Edmond DE Rothschild Italia SGR SPA now owns 3,829 shares of the Internet television network’s stock valued at $377,000 after buying an additional 33 shares during the period. Formidable Asset Management LLC increased its stake in Netflix by 0.8% in the fourth quarter. Formidable Asset Management LLC now owns 4,695 shares of the Internet television network’s stock valued at $582,000 after buying an additional 36 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in Netflix by 3.6% in the third quarter. Quadrant Capital Group LLC now owns 1,528 shares of the Internet television network’s stock valued at $139,000 after buying an additional 53 shares during the period. 80.42% of the stock is owned by institutional investors and hedge funds.

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.

5 Day Chart for NASDAQ:NFLX

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