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

Netflix, Inc. (NASDAQ:NFLX) has received a consensus recommendation of “Moderate Buy” from the thirty-five ratings firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and twenty-three have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $807.70.

A number of equities analysts recently weighed in on the stock. Oppenheimer boosted their target price on shares of Netflix from $825.00 to $1,065.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. China Renaissance assumed coverage on shares of Netflix in a report on Thursday, September 5th. They issued a “hold” rating and a $680.00 target price on the stock. Wells Fargo & Company lifted their price target on Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. KeyCorp upped their price objective on Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, Needham & Company LLC lifted their target price on Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th.

Netflix Trading Up 0.8 %

Netflix stock opened at $909.05 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a 50-day moving average of $832.76 and a 200-day moving average of $729.15. The company has a market cap of $388.58 billion, a price-to-earnings ratio of 51.45, a P/E/G ratio of 1.77 and a beta of 1.27. Netflix has a one year low of $461.86 and a one year high of $941.75.

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

Insider Buying and Selling at Netflix

In other Netflix news, Chairman Reed Hastings sold 48,363 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total value of $43,362,265.80. Following the sale, the chairman now owns 114 shares of the company’s stock, valued at approximately $102,212.40. This trade represents a 99.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Leslie J. Kilgore sold 402 shares of Netflix stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total value of $291,450.00. Following the completion of the transaction, the director now owns 35,262 shares in the company, valued at approximately $25,564,950. The trade was a 1.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 164,977 shares of company stock valued at $129,317,467 in the last ninety days. 1.76% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NFLX. DigitalBridge Group Inc. lifted its stake in Netflix by 35.5% in the 2nd quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock valued at $24,338,000 after purchasing an additional 9,451 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Netflix by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock worth $1,829,494,000 after buying an additional 29,726 shares in the last quarter. Natixis Advisors LLC lifted its stake in shares of Netflix by 2.0% in the 3rd quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock valued at $434,398,000 after acquiring an additional 11,921 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in shares of Netflix during the 3rd quarter valued at $1,517,000. Finally, Voyager Global Management LP boosted its holdings in shares of Netflix by 1.0% during the 3rd quarter. Voyager Global Management LP now owns 101,000 shares of the Internet television network’s stock valued at $71,636,000 after acquiring an additional 1,000 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.