Netflix (NFLX) Stock Rating Reaffirmed by Morgan Stanley

Morgan Stanley reiterated their overweight rating on shares of Netflix (NASDAQ:NFLX) in a research report report published on Thursday, MarketBeat.com reports. Morgan Stanley currently has a $255.00 price target on the Internet television network’s stock, up from their prior price target of $235.00.

Other equities research analysts have also recently issued reports about the company. Bank of America raised their target price on Netflix from $199.00 to $225.00 in a research note on Tuesday, October 17th. UBS Group reiterated a buy rating and issued a $225.00 target price (up from $190.00) on shares of Netflix in a research note on Wednesday, October 4th. Buckingham Research started coverage on Netflix in a research note on Thursday, September 21st. They issued a buy rating and a $214.00 target price on the stock. KeyCorp reiterated a buy rating and issued a $206.00 target price on shares of Netflix in a research note on Thursday, October 5th. Finally, Cantor Fitzgerald reiterated a buy rating and issued a $205.00 target price on shares of Netflix in a research note on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirty-five have assigned a buy rating to the company. The company has an average rating of Buy and an average target price of $213.56.

Netflix (NASDAQ:NFLX) traded up $4.74 during mid-day trading on Thursday, reaching $225.20. The company’s stock had a trading volume of 8,340,000 shares, compared to its average volume of 6,720,000. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market capitalization of $97,450.00, a PE ratio of 227.47, a price-to-earnings-growth ratio of 3.56 and a beta of 1.34. Netflix has a 12 month low of $137.03 and a 12 month high of $227.00.

In other news, Director Ann Mather sold 3,885 shares of Netflix stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $200.00, for a total transaction of $777,000.00. Following the completion of the sale, the director now directly owns 1,015 shares in the company, valued at approximately $203,000. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel David A. Hyman sold 63,378 shares of Netflix stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $198.90, for a total value of $12,605,884.20. Following the sale, the general counsel now owns 43,071 shares of the company’s stock, valued at $8,566,821.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 258,216 shares of company stock valued at $50,391,195. 4.90% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. Quadrant Capital Group LLC lifted its holdings in Netflix by 0.6% in 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. Kalos Management Inc. lifted its holdings in Netflix by 0.7% in 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. Laurel Wealth Advisors Inc. lifted its holdings in Netflix by 1.6% in the 2nd quarter. Laurel Wealth Advisors Inc. now owns 3,452 shares of the Internet television network’s stock worth $515,000 after purchasing an additional 53 shares during the last quarter. Sii Investments Inc. WI lifted its holdings in Netflix by 2.1% in the 2nd quarter. Sii Investments Inc. WI now owns 3,075 shares of the Internet television network’s stock worth $460,000 after purchasing an additional 64 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in Netflix by 2.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 3,103 shares of the Internet television network’s stock worth $464,000 after purchasing an additional 65 shares during the last quarter. Institutional investors and hedge funds own 83.27% of the company’s stock.

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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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