Netflix, Inc. (NASDAQ:NFLX) Given Average Recommendation of “Moderate Buy” by Brokerages

Netflix, Inc. (NASDAQ:NFLX) has been assigned a consensus rating of “Moderate Buy” from the thirty-six research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and twenty-three have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $686.03.

Several research firms recently commented on NFLX. Argus lifted their target price on shares of Netflix from $660.00 to $767.00 and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. Citigroup lifted their price target on shares of Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Rosenblatt Securities restated a “neutral” rating and issued a $635.00 price objective on shares of Netflix in a report on Friday, September 20th. Sanford C. Bernstein lifted their target price on Netflix from $600.00 to $625.00 and gave the stock a “market perform” rating in a report on Friday, July 19th. Finally, Guggenheim increased their price target on Netflix from $700.00 to $735.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th.

Netflix Stock Up 1.8 %

Shares of NASDAQ:NFLX opened at $719.70 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. Netflix has a 52-week low of $344.73 and a 52-week high of $725.26. The company has a market capitalization of $310.19 billion, a PE ratio of 49.94, a price-to-earnings-growth ratio of 1.44 and a beta of 1.26. The company has a fifty day moving average of $676.85 and a 200-day moving average of $648.05.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The business had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. During the same quarter in the prior year, the firm earned $3.29 EPS. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. On average, equities analysts predict that Netflix will post 19.08 EPS for the current fiscal year.

Insider Activity at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total value of $271,140.27. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Chairman Reed Hastings sold 25,599 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $631.43, for a total value of $16,163,976.57. Following the completion of the sale, the chairman now directly owns 57 shares of the company’s stock, valued at approximately $35,991.51. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Spencer Adam Neumann sold 433 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total value of $271,140.27. The disclosure for this sale can be found here. In the last 90 days, insiders sold 224,784 shares of company stock valued at $150,212,870. 1.76% of the stock is owned by company insiders.

Institutional Trading of Netflix

Institutional investors and hedge funds have recently made changes to their positions in the company. Denver PWM LLC purchased a new stake in Netflix in the 2nd quarter valued at about $25,000. Valued Wealth Advisors LLC lifted its holdings in Netflix by 80.0% during the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 20 shares during the period. Proffitt & Goodson Inc. boosted its holdings in shares of Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after buying an additional 38 shares during the last quarter. AlphaMark Advisors LLC boosted its stake in Netflix by 642.9% in the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after acquiring an additional 45 shares during the last quarter. Finally, Indiana Trust & Investment Management CO raised its holdings in shares of Netflix by 112.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 28 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Company Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.