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

Shares of Netflix, Inc. (NASDAQ:NFLX) 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.

Insiders Place Their Bets

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 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 in the company, valued at $8,043,019.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Gregory K. Peters sold 4,186 shares of Netflix stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $9,817,500. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 1,278 shares of Netflix stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total value of $785,254.32. Following the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $8,043,019.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 229,711 shares of company stock worth $153,905,830 over the last quarter. 1.76% of the stock is owned by corporate insiders.

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.