Netflix (NASDAQ:NFLX) Downgraded to Neutral at Seaport Res Ptn

Seaport Res Ptn lowered shares of Netflix (NASDAQ:NFLXFree Report) from a buy rating to a neutral rating in a research report report published on Tuesday, PriceTargets.com reports.

Several other equities research analysts have also recently weighed in on NFLX. Barclays raised their price objective on shares of Netflix from $375.00 to $475.00 and gave the company an equal weight rating in a research report on Wednesday, January 24th. StockNews.com upgraded shares of Netflix from a hold rating to a buy rating in a research report on Thursday, October 19th. Canaccord Genuity Group raised their price objective on shares of Netflix from $575.00 to $625.00 and gave the company a buy rating in a research report on Wednesday, January 24th. Morgan Stanley raised their price objective on shares of Netflix from $550.00 to $600.00 and gave the company an overweight rating in a research report on Wednesday, January 24th. Finally, Needham & Company LLC reiterated a hold rating on shares of Netflix in a research report on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat, Netflix has a consensus rating of Moderate Buy and a consensus price target of $553.33.

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Netflix Trading Down 2.2 %

Shares of Netflix stock opened at $562.85 on Tuesday. The stock has a market capitalization of $243.58 billion, a P/E ratio of 46.87, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28. The company has a quick ratio of 1.29, a current ratio of 1.12 and a debt-to-equity ratio of 0.69. The company has a 50-day simple moving average of $486.66 and a 200 day simple moving average of $441.20. Netflix has a 12-month low of $285.33 and a 12-month high of $579.64.

Netflix (NASDAQ:NFLXGet Free Report) last announced its earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The firm had revenue of $8.83 billion for the quarter, compared to analyst estimates of $8.72 billion. Netflix had a return on equity of 24.76% and a net margin of 16.04%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.12 EPS. Research analysts expect that Netflix will post 16.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, Chairman Reed Hastings sold 81,347 shares of Netflix stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $435.33, for a total value of $35,412,789.51. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider David A. Hyman sold 19,876 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $495.00, for a total value of $9,838,620.00. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at $15,646,950. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 81,347 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $435.33, for a total transaction of $35,412,789.51. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 258,037 shares of company stock valued at $127,771,740. 2.45% of the stock is currently owned by corporate insiders.

Institutional Trading of Netflix

A number of institutional investors have recently made changes to their positions in NFLX. Norges Bank acquired a new position in Netflix during the fourth quarter worth $1,501,762,000. Moneta Group Investment Advisors LLC increased its holdings in Netflix by 117,939.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,742,048 shares of the Internet television network’s stock worth $808,575,000 after buying an additional 2,739,725 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Netflix by 15,039.1% during the fourth quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock worth $1,010,553,000 after buying an additional 2,061,859 shares during the last quarter. Portside Wealth Group LLC acquired a new position in Netflix during the second quarter worth $574,761,000. Finally, BlackRock Inc. increased its holdings in Netflix by 4.3% during the second quarter. BlackRock Inc. now owns 29,911,686 shares of the Internet television network’s stock worth $13,175,799,000 after buying an additional 1,240,512 shares during the last quarter. Institutional investors own 79.95% of the company’s stock.

Netflix Company Profile

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Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.

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