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

Shares of Netflix, Inc. (NASDAQ:NFLX) have been assigned a consensus rating of “Moderate Buy” from the thirty-seven brokerages that are presently covering the company, MarketBeat reports. Nine research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $1,084.91.

NFLX has been the topic of a number of research analyst reports. UBS Group lowered their price target on Netflix from $1,150.00 to $1,140.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. FBN Securities started coverage on Netflix in a research note on Thursday, March 27th. They issued an “outperform” rating and a $1,165.00 target price on the stock. Cfra Research raised Netflix to a “strong-buy” rating in a report on Monday, April 28th. Rosenblatt Securities increased their price objective on Netflix from $1,494.00 to $1,514.00 and gave the company a “buy” rating in a report on Monday, April 21st. Finally, Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and increased their target price for the company from $975.00 to $1,200.00 in a research note on Friday, January 24th.

Insider Activity at Netflix

In other news, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $982.05, for a total value of $2,554,312.05. Following the completion of the sale, the chief financial officer now directly owns 3,691 shares of the company’s stock, valued at approximately $3,624,746.55. This trade represents a 41.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Cletus R. Willems sold 298 shares of Netflix stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $1,138.00, for a total value of $339,124.00. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $35,972,180. This trade represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 132,868 shares of company stock valued at $138,483,256 in the last three months. Corporate insiders own 1.76% of the company’s stock.

Institutional Investors Weigh In On Netflix

A number of institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC grew its stake in Netflix by 109,524.3% in the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network’s stock valued at $8,239,576,000 after acquiring an additional 8,827,662 shares during the period. Norges Bank bought a new stake in shares of Netflix in the fourth quarter valued at about $5,019,087,000. Nuveen LLC bought a new stake in shares of Netflix in the first quarter valued at about $2,385,585,000. Proficio Capital Partners LLC lifted its holdings in shares of Netflix by 123,836.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network’s stock valued at $1,716,662,000 after purchasing an additional 1,924,423 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Netflix by 57.3% during the first quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network’s stock worth $3,164,134,000 after acquiring an additional 1,236,251 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Up 2.6%

NFLX opened at $1,138.44 on Wednesday. Netflix has a one year low of $587.04 and a one year high of $1,164.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The stock’s fifty day moving average is $991.99 and its 200-day moving average is $938.19. The company has a market capitalization of $484.49 billion, a PE ratio of 57.41, a P/E/G ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same period in the previous year, the firm earned $8.28 earnings per share. On average, equities analysts predict that Netflix will post 24.58 EPS for the current fiscal year.

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.