Netflix, Inc. (NASDAQ:NFLX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Netflix, Inc. (NASDAQ:NFLXGet Free Report) have earned an average recommendation of “Moderate Buy” from the thirty-five analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-three have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $824.30.

A number of equities analysts recently weighed in on the stock. Pivotal Research lifted their target price on shares of Netflix from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Citigroup boosted their price objective on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. The Goldman Sachs Group raised their target price on Netflix from $750.00 to $850.00 and gave the stock a “neutral” rating in a research note on Wednesday. Sanford C. Bernstein boosted their price target on Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Finally, Argus raised their price objective on shares of Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Monday.

View Our Latest Analysis on NFLX

Insider Buying and Selling

In other Netflix news, Chairman Reed Hastings sold 48,363 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the sale, the chairman now directly owns 114 shares of the company’s stock, valued at $102,212.40. This represents a 99.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Leslie J. Kilgore sold 358 shares of Netflix stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $765.00, for a total transaction of $273,870.00. Following the completion of the transaction, the director now owns 35,262 shares of the company’s stock, valued at $26,975,430. The trade was a 1.01 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 156,742 shares of company stock valued at $131,030,268. 1.76% of the stock is owned by insiders.

Institutional Investors Weigh In On Netflix

A number of institutional investors and hedge funds have recently modified their holdings of NFLX. RPg Family Wealth Advisory LLC bought a new position in Netflix in the 3rd quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. increased its position in shares of 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 during the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of Netflix in the third quarter worth approximately $37,000. FSA Wealth Management LLC purchased a new stake in Netflix in the third quarter valued at approximately $38,000. Finally, First Personal Financial Services bought a new stake in Netflix during the third quarter valued at approximately $40,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Trading Down 0.5 %

NASDAQ NFLX opened at $875.00 on Thursday. The firm has a market capitalization of $374.03 billion, a PE ratio of 49.52, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. The business’s 50-day moving average price is $874.05 and its two-hundred day moving average price is $750.65. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix has a 12 month low of $472.95 and a 12 month high of $941.75.

Netflix (NASDAQ:NFLXGet Free Report) last announced its earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating the consensus estimate of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The business had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. On average, analysts expect that Netflix will post 19.78 EPS for the current year.

Netflix Company Profile

(Get Free Report

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.

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Analyst Recommendations for Netflix (NASDAQ:NFLX)

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