Netflix (NASDAQ:NFLX) Raised to Buy at Rosenblatt Securities

Rosenblatt Securities upgraded shares of Netflix (NASDAQ:NFLX) from a neutral rating to a buy rating in a research report report published on Wednesday, MarketBeat.com reports. The brokerage currently has $1,494.00 price objective on the Internet television network’s stock, up from their previous price objective of $680.00.

A number of other research analysts have also recently issued reports on the company. Wolfe Research reaffirmed an “outperform” rating on shares of Netflix in a research note on Friday, October 18th. BMO Capital Markets lifted their price target on Netflix from $825.00 to $1,000.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 15th. Argus increased their price objective on Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Macquarie lifted their target price on shares of Netflix from $795.00 to $965.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. Finally, Morgan Stanley increased their price target on shares of Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Nine analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $993.82.

Netflix Stock Up 9.7 %

NFLX opened at $953.99 on Wednesday. The firm has a market capitalization of $407.79 billion, a P/E ratio of 53.99, a price-to-earnings-growth ratio of 1.40 and a beta of 1.27. Netflix has a one year low of $481.40 and a one year high of $999.00. The company has a fifty day moving average price of $886.64 and a 200-day moving average price of $762.07. 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 data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating the consensus estimate of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10,141,900 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the company posted $2.11 EPS. Equities research analysts expect that Netflix will post 19.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the transaction, the director now owns 246 shares in the company, valued at $216,327.48. This trade represents a 96.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David A. Hyman sold 267 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the sale, 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. Insiders sold a total of 152,198 shares of company stock valued at $127,616,898 in the last three months. 1.76% of the stock is currently owned by corporate insiders.

Institutional Trading of Netflix

A number of large investors have recently added to or reduced their stakes in NFLX. State Street Corp grew its holdings in shares of Netflix by 2.6% in the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock valued at $12,023,082,000 after purchasing an additional 426,740 shares in the last quarter. Geode Capital Management LLC lifted its position in Netflix by 1.4% during the third quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network’s stock valued at $6,464,736,000 after purchasing an additional 123,029 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Netflix by 4.7% in the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock worth $4,958,417,000 after buying an additional 316,594 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Netflix by 116,620.0% in the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after buying an additional 5,748,200 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Netflix by 0.5% during the 3rd quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network’s stock valued at $3,473,571,000 after buying an additional 23,702 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

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.