Netflix (NASDAQ:NFLX) Rating Increased to Buy at Moffett Nathanson

Moffett Nathanson upgraded shares of Netflix (NASDAQ:NFLX) from a neutral rating to a buy rating in a research report report published on Monday morning, MarketBeat.com reports. The brokerage currently has $1,100.00 price objective on the Internet television network’s stock, up from their previous price objective of $850.00.

A number of other brokerages have also issued reports on NFLX. Bank of America lifted their price target on Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. UBS Group reiterated a “buy” rating on shares of Netflix in a research report on Monday, March 10th. Canaccord Genuity Group upgraded Netflix from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. Robert W. Baird lifted their price objective on Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Finally, Citigroup lifted their price objective on Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,016.78.

Netflix Stock Performance

Shares of NASDAQ:NFLX opened at $950.02 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The business’s 50 day moving average price is $952.40 and its 200-day moving average price is $851.72. The firm has a market capitalization of $406.38 billion, a PE ratio of 47.91, a P/E/G ratio of 2.12 and a beta of 1.38. Netflix has a 1 year low of $542.01 and a 1 year high of $1,064.50.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business’s revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.11 earnings per share. As a group, equities research analysts expect that Netflix will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Richard N. Barton sold 6,364 shares of the company’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the transaction, the director now directly owns 246 shares of the company’s stock, valued at approximately $216,327.48. This represents a 96.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gregory K. Peters sold 4,939 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the transaction, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at approximately $13,338,500. This represents a 27.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 288,103 shares of company stock valued at $279,142,041 in the last three months. 1.76% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Members Wealth LLC purchased a new stake in shares of Netflix in the 4th quarter valued at about $201,000. Lansforsakringar Fondforvaltning AB publ purchased a new stake in shares of Netflix in the 4th quarter valued at about $170,281,000. PKO Investment Management Joint Stock Co purchased a new stake in shares of Netflix in the 4th quarter valued at about $1,783,000. Centaurus Financial Inc. lifted its holdings in shares of Netflix by 2.7% in the 4th quarter. Centaurus Financial Inc. now owns 18,149 shares of the Internet television network’s stock valued at $16,177,000 after purchasing an additional 482 shares during the last quarter. Finally, Anchor Pointe Wealth Management LLC purchased a new stake in shares of Netflix in the 4th quarter valued at about $231,000. 80.93% of the stock is 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.