Netflix (NASDAQ:NFLX) Stock Rating Upgraded by StockNews.com

Netflix (NASDAQ:NFLX) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

A number of other equities analysts have also commented on NFLX. UBS Group lifted their price objective on Netflix from $685.00 to $750.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Jefferies Financial Group boosted their price target on shares of Netflix from $655.00 to $780.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Needham & Company LLC reissued a “buy” rating and issued a $700.00 price target on shares of Netflix in a research report on Friday, July 19th. JPMorgan Chase & Co. raised their target price on Netflix from $650.00 to $750.00 and gave the stock an “overweight” rating in a research report on Friday, July 12th. Finally, Evercore ISI upped their price target on Netflix from $710.00 to $750.00 and gave the company an “outperform” rating in a research report on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $685.29.

Netflix Stock Performance

Shares of NFLX opened at $705.37 on Tuesday. Netflix has a one year low of $344.73 and a one year high of $715.66. The company has a 50-day moving average of $663.97 and a two-hundred day moving average of $641.83. 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 stock has a market cap of $304.01 billion, a price-to-earnings ratio of 48.95, a PEG ratio of 1.40 and a beta of 1.26.

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

Insider Activity at Netflix

In other news, CEO Gregory K. Peters sold 1,278 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total transaction of $785,254.32. Following the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,043,019.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Leslie J. Kilgore sold 428 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $715.00, for a total transaction of $306,020.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 1,278 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total transaction of $785,254.32. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,043,019.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 197,226 shares of company stock worth $129,858,692. 1.76% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NFLX. Denver PWM LLC acquired a new position in shares of Netflix in the second quarter valued at approximately $25,000. Valued Wealth Advisors LLC grew 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 worth $27,000 after purchasing an additional 20 shares during the last quarter. VitalStone Financial LLC increased its stake in shares of Netflix by 933.3% in the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after buying an additional 56 shares during the period. Beaird Harris Wealth Management LLC boosted its position in 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 Netflix during the 4th quarter worth approximately $32,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

About Netflix

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.