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

Shares of Netflix, Inc. (NASDAQ:NFLX) have earned a consensus recommendation of “Moderate Buy” from the thirty-five analysts that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-three have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $824.30.

A number of brokerages recently commented on NFLX. Benchmark lifted their target price on shares of Netflix from $555.00 to $720.00 and gave the stock a “sell” rating in a research report on Friday, January 3rd. Deutsche Bank Aktiengesellschaft boosted their target price on Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Loop Capital lowered Netflix from a “buy” rating to a “hold” rating and raised their price target for the stock from $800.00 to $950.00 in a research report on Monday, December 16th. Rosenblatt Securities boosted their price objective on Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Finally, The Goldman Sachs Group raised their target price on shares of Netflix from $750.00 to $850.00 and gave the stock a “neutral” rating in a report on Wednesday.

Netflix Price Performance

NFLX opened at $875.00 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $374.03 billion, a P/E ratio of 49.52, a PEG ratio of 1.77 and a beta of 1.27. The stock has a 50-day moving average price of $874.05 and a 200-day moving average price of $750.65. Netflix has a 12-month low of $472.95 and a 12-month high of $941.75.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. The business had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. Equities analysts predict that Netflix will post 19.78 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In related news, Chairman Reed Hastings sold 35,868 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $888.08, for a total value of $31,853,653.44. Following the transaction, the chairman now directly owns 114 shares of the company’s stock, valued at approximately $101,241.12. This represents a 99.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the sale, the director now directly owns 246 shares of the company’s stock, valued at approximately $216,327.48. The trade was a 96.28 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 156,742 shares of company stock valued at $131,030,268. Insiders own 1.76% of the company’s stock.

Institutional Investors Weigh In On Netflix

Several large investors have recently bought and sold shares of the business. International Assets Investment Management LLC boosted its holdings in shares of Netflix by 116,620.0% during the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after acquiring an additional 5,748,200 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Netflix by 154.7% in the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock worth $750,713,000 after purchasing an additional 642,920 shares during the last quarter. State Street Corp boosted its holdings 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 worth $12,023,082,000 after purchasing an additional 426,740 shares during the last quarter. Jennison Associates LLC grew its position in Netflix by 4.7% in the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock worth $4,958,417,000 after purchasing an additional 316,594 shares during the period. Finally, Westfield Capital Management Co. LP purchased a new stake in Netflix during the 3rd quarter valued at $222,871,000. 80.93% of the stock is currently owned by institutional investors.

About Netflix

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.