Netflix, Inc. (NFLX) Given “Hold” Rating at SunTrust Banks, Inc.

SunTrust Banks, Inc. reaffirmed their hold rating on shares of Netflix, Inc. (NASDAQ:NFLX) in a research report sent to investors on Thursday, September 7th. They currently have a $175.00 price target on the Internet television network’s stock.

NFLX has been the topic of several other research reports. Instinet reissued a buy rating on shares of Netflix in a research note on Friday, June 2nd. Sanford C. Bernstein set a $203.00 price objective on Netflix and gave the company a buy rating in a report on Wednesday, August 30th. Canaccord Genuity raised their price objective on Netflix from $165.00 to $175.00 and gave the company a buy rating in a report on Friday, June 16th. Morgan Stanley restated an overweight rating and issued a $185.00 price objective (up previously from $175.00) on shares of Netflix in a report on Thursday, July 13th. Finally, Royal Bank Of Canada restated an outperform rating and issued a $175.00 price objective on shares of Netflix in a report on Friday, June 16th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-seven have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $178.70.

Shares of Netflix (NASDAQ NFLX) traded up 1.06% during midday trading on Thursday, hitting $184.28. The stock had a trading volume of 1,141,893 shares. Netflix has a 52 week low of $93.26 and a 52 week high of $191.50. The stock has a market capitalization of $79.56 billion, a price-to-earnings ratio of 224.18 and a beta of 1.05. The stock has a 50 day moving average price of $175.15 and a 200-day moving average price of $159.15.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.01). Netflix had a return on equity of 12.82% and a net margin of 3.55%. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same period in the previous year, the business posted $0.09 EPS. The business’s quarterly revenue was up 32.3% compared to the same quarter last year. Equities research analysts anticipate that Netflix will post $1.19 earnings per share for the current year.

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In other news, CEO Reed Hastings sold 115,577 shares of the company’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $152.63, for a total transaction of $17,640,517.51. Following the transaction, the chief executive officer now owns 115,577 shares in the company, valued at $17,640,517.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard N. Barton sold 1,000 shares of the company’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $156.62, for a total transaction of $156,620.00. Following the transaction, the director now owns 8,012 shares in the company, valued at approximately $1,254,839.44. The disclosure for this sale can be found here. Insiders have sold 349,435 shares of company stock worth $59,221,491 in the last quarter. Company insiders own 4.90% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Netflix by 0.8% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 1,134 shares of the Internet television network’s stock worth $168,000 after acquiring an additional 9 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of 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 acquiring an additional 10 shares during the last quarter. Guardian Life Insurance Co. of America raised its holdings in shares of Netflix by 0.7% in 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 acquiring an additional 11 shares during the last quarter. M Holdings Securities Inc. raised its holdings in shares of Netflix by 0.5% in the 1st 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 last quarter. Finally, Heritage Investors Management Corp raised its holdings in shares of Netflix by 0.6% in the 2nd 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 last quarter. Institutional investors own 81.03% 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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