Netflix, Inc. (NASDAQ:NFLX) Receives Average Recommendation of “Hold” from Brokerages

Shares of Netflix, Inc. (NASDAQ:NFLX – Get Rating) have been assigned a consensus recommendation of “Hold” from the forty-three ratings firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $342.82.

NFLX has been the subject of several research analyst reports. Truist Financial boosted their price objective on shares of Netflix from $210.00 to $339.00 and gave the company a “hold” rating in a research report on Tuesday, January 17th. New Street Research started coverage on Netflix in a research report on Wednesday, January 4th. They set a “neutral” rating and a $304.00 price objective on the stock. Cowen boosted their price objective on Netflix from $405.00 to $440.00 in a research report on Friday, January 20th. Morgan Stanley boosted their price objective on Netflix from $275.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 19th. Finally, Benchmark lifted their target price on Netflix from $225.00 to $250.00 and gave the stock a “sell” rating in a report on Friday, January 20th.

Netflix Stock Performance

NFLX opened at $315.18 on Monday. Netflix has a 1 year low of $162.71 and a 1 year high of $396.50. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $140.37 billion, a PE ratio of 31.68, a price-to-earnings-growth ratio of 1.47 and a beta of 1.26. The business has a fifty day simple moving average of $333.73 and a 200 day simple moving average of $288.00.

Netflix (NASDAQ:NFLX – Get Rating) last announced its earnings results on Thursday, January 19th. The Internet television network reported $0.12 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.35). Netflix had a return on equity of 23.06% and a net margin of 14.21%. The business had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.85 billion. During the same period in the prior year, the business posted $1.33 earnings per share. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. Research analysts expect that Netflix will post 11.18 EPS for the current year.

Insiders Place Their Bets

In other Netflix news, Director Jay C. Hoag sold 3,698 shares of the stock in a transaction that occurred on Tuesday, January 31st. The stock was sold at an average price of $352.94, for a total transaction of $1,305,172.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.39% of the company’s stock.

Hedge Funds Weigh In On Netflix

Institutional investors and hedge funds have recently made changes to their positions in the stock. Fairfield Bush & CO. boosted its stake in shares of Netflix by 26.5% during the first quarter. Fairfield Bush & CO. now owns 2,446 shares of the Internet television network’s stock valued at $916,000 after acquiring an additional 512 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Netflix by 21.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 480,044 shares of the Internet television network’s stock worth $179,820,000 after buying an additional 84,179 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in Netflix by 14.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,922 shares of the Internet television network’s stock worth $1,094,000 after buying an additional 363 shares during the last quarter. Candriam Luxembourg S.C.A. raised its holdings in shares of Netflix by 6.9% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 36,336 shares of the Internet television network’s stock worth $13,610,000 after purchasing an additional 2,358 shares during the period. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of Netflix by 13.1% in the 1st quarter. Brown Brothers Harriman & Co. now owns 3,808 shares of the Internet television network’s stock worth $1,426,000 after purchasing an additional 441 shares during the period. 77.26% of the stock is owned by institutional investors and hedge funds.

Netflix Company Profile

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Netflix, Inc engages in providing entertainment services. It also offers a broad set of activities for leisure time, entertainment video, video gaming, and other sources of entertainment. It operates through the United States and International geographic segments. The company was founded by Marc Randolph and Wilmot Reed Hastings on August 29, 1997 and is headquartered in Los Gatos, CA.