Morgan Stanley Analysts Give Netflix, Inc. (NFLX) a $235.00 Price Target

Netflix, Inc. (NASDAQ:NFLX) has been given a $235.00 target price by investment analysts at Morgan Stanley in a research report issued on Tuesday, October 17th. The brokerage currently has a “buy” rating on the Internet television network’s stock. Morgan Stanley’s price target would indicate a potential upside of 17.77% from the company’s previous close.

Other analysts have also recently issued reports about the company. Atlantic Securities set a $235.00 price objective on Netflix and gave the company a “buy” rating in a research note on Tuesday, October 17th. SunTrust Banks, Inc. set a $175.00 price objective on Netflix and gave the company a “hold” rating in a research note on Monday, October 16th. Jefferies Group LLC reiterated a “hold” rating and issued a $165.00 price objective (down from $171.80) on shares of Netflix in a research note on Wednesday, August 9th. CIBC restated an “outperform” rating and issued a $245.00 price target (up from $215.00) on shares of Netflix in a research note on Tuesday, October 17th. Finally, Wedbush restated a “sell” rating on shares of Netflix in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and thirty-three have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $207.20.

Shares of Netflix (NASDAQ:NFLX) opened at 199.54 on Tuesday. The company has a 50-day moving average price of $188.02 and a 200 day moving average price of $168.64. 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 one year low of $110.68 and a one year high of $204.38.

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

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In other news, insider Jonathan Friedland sold 3,617 shares of the stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $203.35, for a total value of $735,516.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard N. Barton sold 2,000 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $165.72, for a total transaction of $331,440.00. Following the completion of the transaction, the director now owns 8,012 shares of the company’s stock, valued at $1,327,748.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 276,409 shares of company stock valued at $50,072,727. 4.90% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC lifted its stake 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 valued at $229,000 after purchasing an additional 10 shares during the last quarter. Guardian Life Insurance Co. of America lifted its stake 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 valued at $245,000 after purchasing an additional 11 shares during the last quarter. M Holdings Securities Inc. lifted its stake 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 valued at $365,000 after purchasing an additional 12 shares during the last quarter. Heritage Investors Management Corp lifted its stake 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 valued at $298,000 after purchasing an additional 12 shares during the last quarter. Finally, Kalos Management Inc. lifted its stake in Netflix by 0.7% during the second quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock valued at $242,000 after purchasing an additional 12 shares during the last quarter. 80.97% of the stock is owned by institutional investors and hedge funds.

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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