Netflix’s (NFLX) “Buy” Rating Reiterated at Goldman Sachs Group, Inc. (The)

Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “buy” rating reiterated by stock analysts at Goldman Sachs Group, Inc. (The) in a research report issued on Friday. They currently have a $235.00 price target on the Internet television network’s stock, up from their previous price target of $200.00. Goldman Sachs Group, Inc. (The)’s price objective indicates a potential upside of 19.98% from the stock’s current price.

Several other research firms also recently commented on NFLX. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $215.00 target price on shares of Netflix in a research report on Monday, September 18th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $210.00 target price on shares of Netflix in a research report on Friday, October 6th. Vetr raised Netflix from a “sell” rating to a “hold” rating and set a $165.75 target price on the stock in a research report on Thursday, August 10th. MKM Partners reaffirmed a “buy” rating and issued a $195.00 target price on shares of Netflix in a research report on Monday, July 10th. Finally, J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Netflix in a research report on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and thirty have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $190.99.

Shares of Netflix (NFLX) traded up 1.91% on Friday, hitting $199.61. The stock had a trading volume of 4,382,650 shares. Netflix has a one year low of $98.38 and a one year high of $200.82. The firm’s 50 day moving average is $181.96 and its 200-day moving average is $165.19. The stock has a market capitalization of $86.18 billion, a PE ratio of 242.83 and a beta of 1.09.

Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). Netflix had a net margin of 3.55% and a return on equity of 12.82%. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same period in the previous year, the company posted $0.09 EPS. Netflix’s revenue for the quarter was up 32.3% compared to the same quarter last year. Equities research analysts expect that Netflix will post $1.18 earnings per share for the current fiscal year.

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In other Netflix news, Director Richard N. Barton sold 2,000 shares of Netflix stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $196.16, for a total transaction of $392,320.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jonathan Friedland sold 2,496 shares of Netflix stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $182.17, for a total transaction of $454,696.32. Following the transaction, the insider now directly owns 1,232 shares in the company, valued at approximately $224,433.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 318,067 shares of company stock worth $57,315,706. Insiders own 4.90% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Quadrant Capital Group LLC increased its stake in shares of Netflix by 0.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock worth $229,000 after purchasing an additional 10 shares during the last quarter. Guardian Life Insurance Co. of America increased its stake in shares of Netflix by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock worth $245,000 after purchasing an additional 11 shares during the last quarter. M Holdings Securities Inc. increased its stake in shares of Netflix by 0.5% during the 1st quarter. M Holdings Securities Inc. now owns 2,467 shares of the Internet television network’s stock worth $365,000 after purchasing an additional 12 shares during the last quarter. Heritage Investors Management Corp increased its stake in shares of Netflix by 0.6% during the 2nd quarter. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network’s stock worth $298,000 after purchasing an additional 12 shares during the last quarter. Finally, Kalos Management Inc. increased its stake in shares of Netflix by 0.7% during the 2nd quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock worth $242,000 after purchasing an additional 12 shares during the last quarter. 81.02% of the stock is currently owned by hedge funds and other 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.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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