Netflix, Inc. (NASDAQ:NFLX) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Netflix, Inc. (NASDAQ:NFLX) have been given a consensus recommendation of “Moderate Buy” by the thirty-six brokerages that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and twenty-four have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $441.20.

Several research firms recently weighed in on NFLX. Evercore ISI decreased their target price on shares of Netflix from $550.00 to $500.00 and set an “outperform” rating for the company in a research note on Monday, September 18th. UBS Group decreased their target price on shares of Netflix from $525.00 to $500.00 and set a “buy” rating for the company in a research note on Monday, October 16th. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research report on Thursday, October 19th. TD Cowen reduced their price objective on shares of Netflix from $515.00 to $500.00 and set an “outperform” rating for the company in a research report on Wednesday, October 11th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Netflix from $455.00 to $480.00 and gave the stock an “overweight” rating in a research report on Thursday, October 19th.

Netflix Stock Performance

Shares of NASDAQ:NFLX opened at $447.24 on Friday. The company has a market capitalization of $195.75 billion, a price-to-earnings ratio of 44.63, a P/E/G ratio of 1.70 and a beta of 1.24. The firm’s 50 day simple moving average is $401.25 and its 200 day simple moving average is $403.53. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 1.29. Netflix has a fifty-two week low of $271.56 and a fifty-two week high of $485.00.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Wednesday, October 18th. The Internet television network reported $3.73 earnings per share for the quarter, beating analysts’ consensus estimates of $3.49 by $0.24. The business had revenue of $8.54 billion for the quarter, compared to the consensus estimate of $8.54 billion. Netflix had a net margin of 13.82% and a return on equity of 20.68%. Netflix’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the company posted $3.10 EPS. As a group, sell-side analysts forecast that Netflix will post 12.09 earnings per share for the current year.

Insiders Place Their Bets

In other Netflix news, Director Richard N. Barton sold 500 shares of the business’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $378.05, for a total transaction of $189,025.00. Following the completion of the transaction, the director now owns 152 shares of the company’s stock, valued at $57,463.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Richard N. Barton sold 500 shares of the business’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $378.05, for a total transaction of $189,025.00. Following the sale, the director now directly owns 152 shares in the company, valued at $57,463.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 17,717 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $380.20, for a total value of $6,736,003.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 134,563 shares of company stock valued at $57,388,283. 2.45% of the stock is currently owned by corporate insiders.

Institutional Trading of Netflix

Several hedge funds and other institutional investors have recently made changes to their positions in NFLX. Aveo Capital Partners LLC boosted its holdings in Netflix by 3.7% in the second quarter. Aveo Capital Partners LLC now owns 637 shares of the Internet television network’s stock valued at $281,000 after acquiring an additional 23 shares during the last quarter. Financial Gravity Asset Management Inc. boosted its holdings in Netflix by 0.8% in the second quarter. Financial Gravity Asset Management Inc. now owns 3,002 shares of the Internet television network’s stock valued at $6,679,000 after acquiring an additional 23 shares during the last quarter. Global Assets Advisory LLC boosted its holdings in Netflix by 2.0% in the second quarter. Global Assets Advisory LLC now owns 1,226 shares of the Internet television network’s stock valued at $537,000 after acquiring an additional 24 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Netflix by 13.9% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 197 shares of the Internet television network’s stock valued at $87,000 after acquiring an additional 24 shares during the last quarter. Finally, Fulton Breakefield Broenniman LLC boosted its holdings in shares of Netflix by 3.8% during the 2nd quarter. Fulton Breakefield Broenniman LLC now owns 686 shares of the Internet television network’s stock worth $302,000 after buying an additional 25 shares in the last quarter. 79.95% of the stock is currently owned by institutional investors.

About Netflix

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.