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

Shares of Netflix, Inc. (NASDAQ:NFLXGet Free Report) have earned an average rating of “Moderate Buy” from the thirty-five research firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and twenty-four have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $787.85.

Several brokerages have weighed in on NFLX. Deutsche Bank Aktiengesellschaft boosted their price objective on Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Piper Sandler reissued an “overweight” rating and set a $840.00 price target (up from $800.00) on shares of Netflix in a research note on Friday, October 18th. BMO Capital Markets restated an “outperform” rating and issued a $825.00 price objective (up from $770.00) on shares of Netflix in a report on Friday, October 18th. Rosenblatt Securities lifted their target price on shares of Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Finally, Macquarie reissued an “outperform” rating and issued a $795.00 price target on shares of Netflix in a research note on Friday, October 18th.

Read Our Latest Research Report on NFLX

Netflix Stock Performance

Shares of Netflix stock opened at $918.87 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a 50 day simple moving average of $814.02 and a 200 day simple moving average of $719.83. Netflix has a fifty-two week low of $461.86 and a fifty-two week high of $941.75. The firm has a market cap of $392.78 billion, a P/E ratio of 52.00, a P/E/G ratio of 1.80 and a beta of 1.27.

Netflix (NASDAQ:NFLXGet Free Report) last released its earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating the consensus estimate of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The company had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Sell-side analysts predict that Netflix will post 19.78 earnings per share for the current fiscal year.

Insider Activity

In other Netflix news, Chairman Reed Hastings sold 48,363 shares of Netflix stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total value of $43,362,265.80. Following the sale, the chairman now directly owns 114 shares in the company, valued at approximately $102,212.40. The trade was a 99.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anne M. Sweeney sold 589 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. Insiders have sold a total of 165,405 shares of company stock worth $129,623,487 over the last three months. Corporate insiders own 1.76% of the company’s stock.

Institutional Trading of Netflix

A number of hedge funds and other institutional investors have recently modified their holdings of NFLX. State Street Corp grew its stake in Netflix by 2.6% in the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock valued at $12,023,082,000 after purchasing an additional 426,740 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Netflix by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network’s stock valued at $6,464,736,000 after buying an additional 123,029 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Netflix by 4.7% in the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after buying an additional 316,594 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Netflix by 116,620.0% during the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after buying an additional 5,748,200 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in Netflix by 0.5% during the third quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network’s stock worth $3,473,571,000 after acquiring an additional 23,702 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

About Netflix

(Get Free Report

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.

Read More

Analyst Recommendations for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.