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

Shares of Netflix, Inc. (NASDAQ:NFLX) have been given a consensus recommendation of “Moderate Buy” by the thirty-five research firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and twenty-four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $787.85.

Several analysts recently issued reports on NFLX shares. StockNews.com lowered Netflix from a “buy” rating to a “hold” rating in a report on Friday. TD Cowen raised their price target on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Evercore ISI lifted their price target on Netflix from $775.00 to $950.00 and gave the company an “outperform” rating in a report on Monday, December 2nd. JPMorgan Chase & Co. raised their price objective on shares of Netflix from $850.00 to $1,010.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, KeyCorp boosted their target price on shares of Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. This trade represents a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy M. Haley sold 11,090 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. Insiders have sold 165,405 shares of company stock worth $129,623,487 over the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Hedge Funds Weigh In On Netflix

Several institutional investors have recently added to or reduced their stakes in NFLX. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix during the third quarter worth approximately $25,000. Denver PWM LLC acquired a new stake in Netflix during the 2nd quarter valued at $25,000. Proffitt & Goodson Inc. raised its position in Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 38 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its stake in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. bought a new stake in shares of Netflix during the third quarter worth $37,000. 80.93% of the stock is owned by institutional investors.

Netflix Trading Down 0.7 %

NASDAQ:NFLX opened at $918.87 on Friday. The stock has a market cap of $392.78 billion, a PE ratio of 52.00, a price-to-earnings-growth ratio of 1.80 and a beta of 1.27. Netflix has a fifty-two week low of $461.86 and a fifty-two week high of $941.75. 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 stock’s 50-day moving average is $814.02 and its two-hundred day moving average is $719.83.

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

Netflix Company Profile

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.