Shares of Netflix, Inc. (NASDAQ:NFLX – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the thirty-five analysts that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-four have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $747.70.
Several equities research analysts recently commented on the stock. UBS Group boosted their price objective on shares of Netflix from $750.00 to $825.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Canaccord Genuity Group boosted their price objective on shares of Netflix from $750.00 to $760.00 and gave the stock a “hold” rating in a research report on Friday, October 18th. Wells Fargo & Company boosted their price objective on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Loop Capital boosted their price objective on shares of Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Pivotal Research boosted their price objective on shares of Netflix from $900.00 to $925.00 and gave the stock a “buy” rating in a research report on Friday, October 18th.
Get Our Latest Research Report on NFLX
Insiders Place Their Bets
Institutional Investors Weigh In On Netflix
A number of institutional investors have recently modified their holdings of NFLX. DigitalBridge Group Inc. lifted its holdings in Netflix by 35.5% during the 2nd quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock worth $24,338,000 after buying an additional 9,451 shares during the last quarter. M&G Plc bought a new position in Netflix during the 1st quarter worth approximately $9,682,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Netflix by 58.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 82,931 shares of the Internet television network’s stock worth $55,968,000 after buying an additional 30,511 shares during the last quarter. First Trust Direct Indexing L.P. lifted its holdings in Netflix by 14.9% during the 1st quarter. First Trust Direct Indexing L.P. now owns 10,330 shares of the Internet television network’s stock worth $6,274,000 after buying an additional 1,342 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in Netflix by 13.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 60,721 shares of the Internet television network’s stock worth $36,878,000 after buying an additional 7,406 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.
Netflix Price Performance
Netflix stock opened at $754.68 on Friday. Netflix has a 52 week low of $395.62 and a 52 week high of $773.00. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm’s 50-day simple moving average is $705.06 and its 200 day simple moving average is $658.43. The firm has a market capitalization of $322.60 billion, a PE ratio of 42.71, a P/E/G ratio of 1.48 and a beta of 1.26.
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.
Featured Articles
- Five stocks we like better than Netflix
- Top Biotech Stocks: Exploring Innovation Opportunities
- Texas Roadhouse Stock Steering for New Highs This Year
- How to buy stock: A step-by-step guide for beginners
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- TSX Venture Exchange (Formerly Canadian Venture Exchange)
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.