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

Shares of Netflix, Inc. (NASDAQ:NFLX) have received an average recommendation of “Moderate Buy” from the thirty-five analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and twenty-two have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $631.15.

A number of research firms have issued reports on NFLX. Rosenblatt Securities cut their price objective on shares of Netflix from $554.00 to $540.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Piper Sandler boosted their price target on Netflix from $550.00 to $600.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Benchmark restated a “sell” rating and set a $440.00 price objective on shares of Netflix in a research note on Thursday, April 18th. Canaccord Genuity Group cut Netflix from a “buy” rating to a “hold” rating and dropped their price objective for the company from $720.00 to $585.00 in a report on Friday, April 19th. Finally, CICC Research initiated coverage on Netflix in a report on Thursday. They set an “outperform” rating and a $650.00 target price on the stock.

Netflix Stock Performance

NASDAQ:NFLX opened at $579.34 on Friday. The stock has a 50 day simple moving average of $602.66 and a 200 day simple moving average of $524.81. The stock has a market cap of $249.64 billion, a P/E ratio of 40.20, a PEG ratio of 1.35 and a beta of 1.23. Netflix has a 1-year low of $317.95 and a 1-year high of $639.00. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping the consensus estimate of $4.51 by $0.77. The firm had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.88 EPS. Research analysts anticipate that Netflix will post 18.13 earnings per share for the current year.

Insider Buying and Selling

In other Netflix news, Chairman Reed Hastings sold 18,361 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $551.54, for a total value of $10,126,825.94. Following the sale, the chairman now owns 28 shares in the company, valued at approximately $15,443.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider David A. Hyman sold 267 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at $17,575,476.10. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Reed Hastings sold 18,361 shares of Netflix stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $551.54, for a total transaction of $10,126,825.94. Following the transaction, the chairman now directly owns 28 shares of the company’s stock, valued at approximately $15,443.12. The disclosure for this sale can be found here. Insiders sold a total of 152,833 shares of company stock valued at $88,270,051 in the last three months. Insiders own 1.76% of the company’s stock.

Institutional Trading of Netflix

Large investors have recently bought and sold shares of the business. Columbia Trust Co 01012016 lifted its stake in Netflix by 15.3% in the fourth quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock valued at $762,000 after buying an additional 208 shares during the period. Crumly & Associates Inc. grew its holdings in Netflix by 4.1% in the fourth quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock worth $1,025,000 after purchasing an additional 83 shares during the period. Venture Visionary Partners LLC grew its holdings in Netflix by 15.4% in the fourth quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock worth $4,795,000 after purchasing an additional 1,318 shares during the period. Assenagon Asset Management S.A. increased its stake in Netflix by 142.6% in the third quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock valued at $252,085,000 after purchasing an additional 392,427 shares in the last quarter. Finally, Sandy Cove Advisors LLC raised its holdings in shares of Netflix by 10.6% during the fourth quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock valued at $578,000 after purchasing an additional 114 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

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.