Netflix (NASDAQ:NFLX) Given “Neutral” Rating at Rosenblatt Securities

Netflix (NASDAQ:NFLX)‘s stock had its “neutral” rating reissued by investment analysts at Rosenblatt Securities in a note issued to investors on Thursday,Benzinga reports. They presently have a $680.00 price target on the Internet television network’s stock. Rosenblatt Securities’ price target would indicate a potential downside of 20.76% from the company’s previous close.

NFLX has been the topic of several other research reports. Jefferies Financial Group boosted their price target on Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Sanford C. Bernstein boosted their price target on Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a report on Friday, October 18th. BMO Capital Markets boosted their price target on Netflix from $825.00 to $1,000.00 and gave the company an “outperform” rating in a report on Wednesday. Evercore ISI boosted their price target on Netflix from $775.00 to $950.00 and gave the company an “outperform” rating in a report on Monday, December 2nd. Finally, Wedbush reiterated an “outperform” rating and issued a $950.00 price target (up from $800.00) on shares of Netflix in a report on Monday, November 18th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average price target of $845.06.

Netflix Stock Performance

NASDAQ NFLX opened at $858.10 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average is $883.32 and its two-hundred day moving average is $757.20. Netflix has a 12-month low of $476.06 and a 12-month high of $941.75. The stock has a market capitalization of $366.80 billion, a price-to-earnings ratio of 48.56, a PEG ratio of 1.35 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its 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 company had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. Research analysts expect that Netflix will post 19.78 EPS for the current year.

Insider Buying and Selling at Netflix

In other Netflix news, Director Anne M. Sweeney sold 589 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard N. Barton sold 5,698 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the transaction, the director now owns 246 shares in the company, valued at $185,976. This represents a 95.86 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 152,198 shares of company stock worth $127,616,898. 1.76% of the stock is owned by company insiders.

Institutional Trading of Netflix

A number of large investors have recently added to or reduced their stakes in NFLX. RPg Family Wealth Advisory LLC bought a new stake in Netflix during the third quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after buying an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in Netflix during the third quarter worth approximately $37,000. FSA Wealth Management LLC bought a new stake in Netflix during the third quarter worth approximately $38,000. Finally, First Personal Financial Services bought a new stake in Netflix during the third quarter worth approximately $40,000. 80.93% of the stock is currently owned by institutional investors.

About Netflix

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.