Rosenblatt Securities Reiterates “Neutral” Rating for Netflix (NASDAQ:NFLX)

Netflix (NASDAQ:NFLX)‘s stock had its “neutral” rating reiterated by analysts at Rosenblatt Securities in a research report issued to clients and investors on Friday, Benzinga reports. They currently have a $635.00 target price on the Internet television network’s stock. Rosenblatt Securities’ target price would suggest a potential downside of 9.57% from the stock’s previous close.

A number of other equities analysts have also commented on NFLX. Macquarie reissued an “outperform” rating and issued a $685.00 price target on shares of Netflix in a research report on Tuesday, July 16th. Benchmark boosted their target price on shares of Netflix from $450.00 to $545.00 and gave the stock a “sell” rating in a research report on Tuesday, July 16th. China Renaissance started coverage on shares of Netflix in a report on Thursday, September 5th. They set a “hold” rating and a $680.00 price target for the company. Oppenheimer reiterated an “outperform” rating and issued a $725.00 price objective on shares of Netflix in a research note on Tuesday, July 30th. Finally, JPMorgan Chase & Co. increased their target price on Netflix from $650.00 to $750.00 and gave the company an “overweight” rating in a research note on Friday, July 12th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average target price of $685.29.

Netflix Stock Down 0.3 %

NASDAQ:NFLX traded down $2.10 during trading hours on Friday, reaching $702.22. The company’s stock had a trading volume of 1,352,738 shares, compared to its average volume of 3,723,734. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $302.66 billion, a price-to-earnings ratio of 48.76, a price-to-earnings-growth ratio of 1.40 and a beta of 1.26. Netflix has a one year low of $344.73 and a one year high of $715.66. The business’s 50-day moving average is $661.93 and its 200-day moving average is $639.96.

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

Insiders Place Their Bets

In other news, CFO Spencer Adam Neumann sold 433 shares of Netflix stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total value of $271,140.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Netflix news, CEO Gregory K. Peters sold 1,278 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $614.44, for a total value of $785,254.32. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $8,043,019.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Spencer Adam Neumann sold 433 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total transaction of $271,140.27. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 196,798 shares of company stock valued at $129,552,672. 1.76% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Denver PWM LLC bought a new stake in shares of Netflix during the second quarter worth $25,000. Valued Wealth Advisors LLC boosted its stake in shares of Netflix by 80.0% in the 1st 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 boosted its stake in shares of Netflix by 933.3% in the 4th 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 grew its position in shares of Netflix by 1,550.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock worth $32,000 after buying an additional 62 shares during the period. Finally, Scarborough Advisors LLC bought a new stake in shares of Netflix during the fourth quarter worth approximately $32,000. Institutional investors own 80.93% of the company’s stock.

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.