Bank of America Corporation Raises Netflix, Inc. (NASDAQ:NFLX) Price Target to $225.00

Netflix, Inc. (NASDAQ:NFLX) had its price target upped by Bank of America Corporation from $199.00 to $225.00 in a research note issued to investors on Tuesday, October 17th.

NFLX has been the subject of a number of other reports. Vetr downgraded shares of Netflix from a strong-buy rating to a buy rating and set a $168.56 price target for the company. in a research note on Monday, June 19th. Guggenheim reissued a buy rating and issued a $180.00 price target (up from $175.00) on shares of Netflix in a research note on Tuesday, June 20th. Goldman Sachs Group, Inc. (The) set a $175.00 price objective on shares of Netflix and gave the stock a buy rating in a report on Wednesday, June 28th. Jefferies Group LLC restated a hold rating and issued a $141.00 price objective on shares of Netflix in a report on Wednesday, June 28th. Finally, MKM Partners restated a buy rating and issued a $195.00 price objective on shares of Netflix in a report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirty-three have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $207.20.

Netflix (NASDAQ NFLX) traded up 2.22% during midday trading on Tuesday, hitting $199.54. The stock had a trading volume of 8,120,171 shares. The stock has a market cap of $86.28 billion, a price-to-earnings ratio of 199.34 and a beta of 1.09. Netflix has a 1-year low of $110.68 and a 1-year high of $204.38. The company has a 50-day moving average of $188.02 and a 200-day moving average of $168.64.

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

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In other Netflix news, insider Jonathan Friedland sold 3,617 shares of the company’s stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $203.35, for a total transaction of $735,516.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Leslie J. Kilgore sold 903 shares of the company’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $194.00, for a total transaction of $175,182.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 276,409 shares of company stock valued at $50,072,727. Company insiders own 4.90% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Quadrant Capital Group LLC raised its position in Netflix by 0.6% during the second quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock worth $229,000 after acquiring an additional 10 shares during the period. Guardian Life Insurance Co. of America raised its position in Netflix by 0.7% during 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 acquiring an additional 11 shares during the period. M Holdings Securities Inc. raised its position in Netflix by 0.5% during the first quarter. M Holdings Securities Inc. now owns 2,467 shares of the Internet television network’s stock worth $365,000 after acquiring an additional 12 shares during the period. Heritage Investors Management Corp raised its position in Netflix by 0.6% during the second quarter. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network’s stock worth $298,000 after acquiring an additional 12 shares during the period. Finally, Kalos Management Inc. raised its position in Netflix by 0.7% during the second quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock worth $242,000 after acquiring an additional 12 shares during the period. Institutional investors own 80.97% of the company’s stock.

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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