Netflix, Inc. (NASDAQ:NFLX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Netflix, Inc. (NASDAQ:NFLX) have been assigned a consensus recommendation of “Moderate Buy” from the thirty-five analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and twenty-four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $764.82.

Several research firms have weighed in on NFLX. Pivotal Research lifted their price objective on shares of Netflix from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Macquarie reaffirmed an “outperform” rating and issued a $795.00 price objective on shares of Netflix in a research note on Friday, October 18th. Piper Sandler reaffirmed an “overweight” rating and issued a $840.00 price objective (up previously from $800.00) on shares of Netflix in a research note on Friday, October 18th. Wells Fargo & Company boosted their target price on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Finally, Loop Capital boosted their target price on shares of Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $897.79 on Wednesday. Netflix has a 12 month low of $445.73 and a 12 month high of $908.00. The stock has a market cap of $383.77 billion, a price-to-earnings ratio of 50.81, a PEG ratio of 1.73 and a beta of 1.25. The stock’s 50 day moving average price is $755.40 and its 200 day moving average price is $691.50. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.09 by $0.31. The firm had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. Equities research analysts anticipate that Netflix will post 19.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Gregory K. Peters sold 4,392 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total transaction of $3,184,200.00. Following the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $9,490,250. This represents a 25.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Hyman sold 267 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at $24,202,828.70. This represents a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 185,866 shares of company stock valued at $133,393,921. 1.76% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Netflix

Several large investors have recently bought and sold shares of NFLX. Rule One Partners LLC acquired a new stake in Netflix in the third quarter worth $43,620,000. Anchor Investment Management LLC grew its position in Netflix by 2.1% in the third quarter. Anchor Investment Management LLC now owns 7,105 shares of the Internet television network’s stock valued at $5,039,000 after purchasing an additional 149 shares in the last quarter. Chelsea Counsel Co. bought a new position in Netflix in the third quarter valued at $142,000. Wealthquest Corp bought a new position in Netflix in the third quarter valued at $353,000. Finally, Morse Asset Management Inc lifted its stake in Netflix by 1.4% in the third quarter. Morse Asset Management Inc now owns 6,820 shares of the Internet television network’s stock valued at $4,837,000 after acquiring an additional 93 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

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.