Netflix (NASDAQ:NFLX) Lowered to Hold at Stifel Nicolaus

Netflix (NASDAQ:NFLX – Get Rating) was downgraded by investment analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a report released on Wednesday, The Fly reports.

NFLX has been the subject of a number of other research reports. Barclays reduced their price objective on Netflix from $425.00 to $380.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 13th. Evercore ISI downgraded Netflix from an “outperform” rating to an “in-line” rating and cut their price target for the stock from $710.00 to $525.00 in a research note on Friday, January 21st. Guggenheim cut their price target on Netflix from $720.00 to $555.00 and set a “buy” rating for the company in a research note on Friday, January 21st. Zacks Investment Research upgraded Netflix from a “sell” rating to a “hold” rating and set a $402.00 price target for the company in a research note on Wednesday, March 23rd. Finally, KeyCorp cut their price target on Netflix from $725.00 to $620.00 and set an “overweight” rating for the company in a research note on Tuesday, January 11th. Four analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Netflix presently has an average rating of “Hold” and a consensus price target of $525.03.

NASDAQ NFLX opened at $348.61 on Wednesday. The firm has a market capitalization of $154.88 billion, a P/E ratio of 31.02, a PEG ratio of 1.26 and a beta of 0.97. The business has a fifty day simple moving average of $370.97 and a 200 day simple moving average of $512.60. Netflix has a 12 month low of $329.82 and a 12 month high of $700.99. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.93.

Netflix (NASDAQ:NFLX – Get Rating) last announced its quarterly earnings data on Tuesday, April 19th. The Internet television network reported $3.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.90 by $0.63. The firm had revenue of $7.87 billion during the quarter, compared to the consensus estimate of $7.94 billion. Netflix had a return on equity of 35.34% and a net margin of 17.23%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.75 EPS. As a group, sell-side analysts predict that Netflix will post 10.86 EPS for the current fiscal year.

In other news, CEO Reed Hastings acquired 46,900 shares of the firm’s stock in a transaction that occurred on Thursday, January 27th. The shares were bought at an average cost of $390.08 per share, with a total value of $18,294,752.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.68% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Oxinas Partners Wealth Management LLC raised its holdings in shares of Netflix by 100.9% during the 1st quarter. Oxinas Partners Wealth Management LLC now owns 1,764 shares of the Internet television network’s stock valued at $661,000 after buying an additional 886 shares in the last quarter. Profit Investment Management LLC increased its stake in Netflix by 74.8% in the 1st quarter. Profit Investment Management LLC now owns 2,528 shares of the Internet television network’s stock worth $946,000 after purchasing an additional 1,082 shares during the period. Sigma Investment Counselors Inc. increased its stake in Netflix by 3.3% in the 1st quarter. Sigma Investment Counselors Inc. now owns 5,406 shares of the Internet television network’s stock worth $2,025,000 after purchasing an additional 173 shares during the period. BLB&B Advisors LLC increased its stake in Netflix by 8.8% in the 1st quarter. BLB&B Advisors LLC now owns 620 shares of the Internet television network’s stock worth $232,000 after purchasing an additional 50 shares during the period. Finally, Great Valley Advisor Group Inc. increased its stake in Netflix by 47.3% in the 1st quarter. Great Valley Advisor Group Inc. now owns 5,453 shares of the Internet television network’s stock worth $2,263,000 after purchasing an additional 1,752 shares during the period. 81.37% of the stock is currently owned by institutional investors.

About Netflix (Get Rating)

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

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