Netflix’s (NFLX) Neutral Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reiterated their neutral rating on shares of Netflix (NASDAQ:NFLX) in a report released on Thursday morning,Benzinga reports. Rosenblatt Securities currently has a $680.00 target price on the Internet television network’s stock.

Other research analysts have also recently issued reports about the company. Benchmark raised their price objective on Netflix from $555.00 to $720.00 and gave the company a “sell” rating in a research note on Friday, January 3rd. Pivotal Research upped their price target on Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Morgan Stanley upped their target price on shares of Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Barclays increased their target price on Netflix from $550.00 to $715.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 14th. Finally, KeyCorp upped their price target on shares of Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $845.06.

Netflix Stock Performance

NASDAQ:NFLX opened at $858.10 on Thursday. The business has a fifty day simple moving average of $884.58 and a two-hundred day simple moving average of $758.48. Netflix has a 1 year low of $476.06 and a 1 year high of $941.75. The company has a market capitalization of $366.80 billion, a P/E ratio of 48.56, a P/E/G ratio of 1.35 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. On average, analysts expect that Netflix will post 19.78 earnings per share for the current year.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at $24,202,828.70. The trade was a 0.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard N. Barton sold 5,698 shares of Netflix stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the completion of the transaction, the director now owns 246 shares of the company’s stock, valued at $185,976. This represents a 95.86 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 152,198 shares of company stock valued at $127,616,898. Insiders own 1.76% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bradley Foster & Sargent Inc. CT lifted its stake in shares of Netflix by 55.1% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 1,556 shares of the Internet television network’s stock valued at $1,050,000 after buying an additional 553 shares during the period. Argent Trust Co grew its stake in Netflix by 14.7% during the 2nd quarter. Argent Trust Co now owns 2,992 shares of the Internet television network’s stock valued at $2,019,000 after purchasing an additional 383 shares in the last quarter. Glass Jacobson Investment Advisors llc increased its position in shares of Netflix by 187.6% in the 2nd quarter. Glass Jacobson Investment Advisors llc now owns 440 shares of the Internet television network’s stock worth $297,000 after purchasing an additional 287 shares during the last quarter. Intrepid Financial Planning Group LLC bought a new stake in Netflix in the second quarter valued at about $218,000. Finally, MRP Capital Investments LLC bought a new position in shares of Netflix in the 2nd quarter worth about $769,000. 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.