Netflix (NASDAQ:NFLX) Downgraded to Hold Rating by Loop Capital

Loop Capital downgraded shares of Netflix (NASDAQ:NFLX) from a buy rating to a hold rating in a research note released on Monday, MarketBeat Ratings reports. Loop Capital currently has $950.00 price target on the Internet television network’s stock, up from their prior price target of $800.00.

Other analysts have also issued research reports about the stock. China Renaissance started coverage on shares of Netflix in a research report on Thursday, September 5th. They issued a “hold” rating and a $680.00 price objective on the stock. Sanford C. Bernstein lifted their price target on shares of Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. TD Cowen boosted their target price on Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research note on Friday, October 18th. KeyCorp lifted their price objective on Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, Barclays reiterated an “underweight” rating and set a $550.00 target price on shares of Netflix in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $801.18.

Netflix Trading Up 0.2 %

NASDAQ:NFLX opened at $921.08 on Monday. Netflix has a 52 week low of $461.86 and a 52 week high of $941.75. The firm has a 50-day moving average price of $818.41 and a two-hundred day moving average price of $722.22. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $393.72 billion, a price-to-earnings ratio of 52.13, a price-to-earnings-growth ratio of 1.80 and a beta of 1.27.

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

Insider Transactions at Netflix

In other Netflix news, Director Timothy M. Haley sold 11,090 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total value of $8,405,776.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Reed Hastings sold 48,363 shares of Netflix stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total value of $43,362,265.80. Following the sale, the chairman now directly owns 114 shares in the company, valued at approximately $102,212.40. The trade was a 99.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 165,405 shares of company stock worth $129,623,487. Company insiders own 1.76% of the company’s stock.

Institutional Investors Weigh In On Netflix

Several hedge funds have recently made changes to their positions in NFLX. Hennion & Walsh Asset Management Inc. grew its holdings in Netflix by 43.4% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 542 shares of the Internet television network’s stock worth $366,000 after purchasing an additional 164 shares during the period. First Horizon Advisors Inc. increased its position in Netflix by 27.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,832 shares of the Internet television network’s stock valued at $1,236,000 after buying an additional 396 shares in the last quarter. Investment House LLC purchased a new position in Netflix during the second quarter valued at $250,000. XML Financial LLC bought a new stake in Netflix in the second quarter worth $208,000. Finally, Crescent Grove Advisors LLC purchased a new stake in shares of Netflix in the second quarter worth $211,000. 80.93% of the stock is currently owned by institutional investors.

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.