Netflix, Inc. (NASDAQ:NFLX) Given Consensus Rating of “Moderate Buy” by Analysts

Netflix, Inc. (NASDAQ:NFLX) has been assigned a consensus recommendation of “Moderate Buy” from the thirty-five ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and twenty-two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $631.15.

Several research firms have weighed in on NFLX. Guggenheim boosted their price target on shares of Netflix from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. KeyCorp increased their target price on Netflix from $580.00 to $705.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. Canaccord Genuity Group lowered Netflix from a “buy” rating to a “hold” rating and reduced their price target for the stock from $720.00 to $585.00 in a research report on Friday, April 19th. Sanford C. Bernstein boosted their price objective on Netflix from $490.00 to $600.00 and gave the company a “market perform” rating in a research report on Friday, April 19th. Finally, DZ Bank upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $600.00 target price on the stock in a report on Thursday, January 25th.

Insider Buying and Selling

In related news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at $17,575,476.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at $17,575,476.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann Mather sold 3,673 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total value of $2,203,800.00. The disclosure for this sale can be found here. Insiders sold a total of 152,833 shares of company stock worth $88,270,051 in the last three months. 1.76% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Netflix

Institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new position in Netflix in the fourth quarter worth about $2,558,598,000. Wellington Management Group LLP raised its holdings in Netflix by 540.9% in the 4th quarter. Wellington Management Group LLP now owns 3,878,785 shares of the Internet television network’s stock worth $1,888,503,000 after acquiring an additional 3,273,592 shares during the last quarter. International Assets Investment Management LLC lifted its position in Netflix by 15,039.1% in the 4th quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock valued at $1,010,553,000 after acquiring an additional 2,061,859 shares in the last quarter. Jennison Associates LLC boosted its stake in Netflix by 40.6% during the 4th quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock valued at $2,654,602,000 after purchasing an additional 1,573,978 shares during the last quarter. Finally, Global Assets Advisory LLC bought a new stake in shares of Netflix in the 1st quarter worth $436,514,000. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $579.34 on Friday. The stock’s 50-day moving average is $602.66 and its 200 day moving average is $524.81. The stock has a market cap of $249.64 billion, a price-to-earnings ratio of 40.20, a P/E/G ratio of 1.35 and a beta of 1.23. Netflix has a 1-year low of $317.95 and a 1-year high of $639.00. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The business had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the business earned $2.88 earnings per share. On average, sell-side analysts anticipate that Netflix will post 18.13 EPS for the current fiscal year.

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.