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

Shares of Netflix, Inc. (NASDAQ:NFLX) have been given a consensus recommendation of “Moderate Buy” by the thirty-six research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and twenty-three have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $685.29.

Several equities analysts have recently issued reports on the company. Sanford C. Bernstein upped their target price on Netflix from $600.00 to $625.00 and gave the company a “market perform” rating in a report on Friday, July 19th. UBS Group increased their price objective on Netflix from $685.00 to $750.00 and gave the company a “buy” rating in a report on Friday, July 19th. Argus increased their price objective on Netflix from $660.00 to $767.00 and gave the company a “buy” rating in a report on Tuesday, July 2nd. TD Cowen increased their price objective on Netflix from $725.00 to $775.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Finally, Bank of America increased their price objective on Netflix from $700.00 to $740.00 and gave the company a “buy” rating in a report on Monday, July 15th.

Insider Buying and Selling

In related news, Chairman Reed Hastings sold 25,074 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $680.92, for a total value of $17,073,388.08. Following the sale, the chairman now directly owns 85 shares of the company’s stock, valued at $57,878.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Chairman Reed Hastings sold 25,074 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $680.92, for a total value of $17,073,388.08. Following the sale, the chairman now directly owns 85 shares of the company’s stock, valued at $57,878.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at $19,128,159.30. The disclosure for this sale can be found here. Insiders have sold 157,831 shares of company stock valued at $102,721,884 over the last ninety days. 1.76% of the stock is owned by insiders.

Institutional Trading of Netflix

Large investors have recently bought and sold shares of the company. Denver PWM LLC bought a new stake in Netflix during the 2nd quarter valued at approximately $25,000. Valued Wealth Advisors LLC lifted its holdings in shares of Netflix by 80.0% during the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 20 shares during the last quarter. VitalStone Financial LLC lifted its holdings in shares of Netflix by 933.3% during the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 56 shares during the last quarter. Beaird Harris Wealth Management LLC lifted its holdings in shares of Netflix by 1,550.0% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 62 shares during the last quarter. Finally, Scarborough Advisors LLC purchased a new position in shares of Netflix during the fourth quarter valued at approximately $32,000. 80.93% of the stock is owned by institutional investors.

Netflix Stock Performance

Shares of Netflix stock opened at $683.62 on Friday. The company has a market cap of $294.64 billion, a PE ratio of 47.44, a price-to-earnings-growth ratio of 1.44 and a beta of 1.27. Netflix has a 52 week low of $344.73 and a 52 week high of $711.33. The business has a 50 day moving average price of $660.07 and a 200-day moving average price of $633.26. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, topping the consensus estimate of $4.74 by $0.14. The firm had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the business posted $3.29 earnings per share. Equities analysts anticipate that Netflix will post 19.08 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.