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

Netflix, Inc. (NASDAQ:NFLX) has received a consensus rating of “Moderate Buy” from the thirty-five research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and twenty-two have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $633.53.

NFLX has been the subject of a number of research reports. Pivotal Research upped their target price on shares of Netflix from $765.00 to $800.00 and gave the company a “buy” rating in a report on Friday, April 19th. Loop Capital upped their target price on shares of Netflix from $700.00 to $750.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Wells Fargo & Company upped their target price on shares of Netflix from $650.00 to $726.00 and gave the company an “overweight” rating in a report on Friday, April 19th. TD Cowen upped their target price on shares of Netflix from $600.00 to $725.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, Morgan Stanley upped their target price on shares of Netflix from $600.00 to $700.00 and gave the company an “overweight” rating in a report on Friday, April 12th.

Netflix Stock Up 1.0 %

Shares of Netflix stock opened at $684.34 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $294.95 billion, a PE ratio of 47.49, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. Netflix has a 52-week low of $344.73 and a 52-week high of $689.88. The company has a 50-day simple moving average of $625.06 and a two-hundred day simple moving average of $581.29.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating the consensus estimate of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The firm had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. During the same period in the previous year, the company earned $2.88 earnings per share. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. On average, analysts anticipate that Netflix will post 18.31 EPS for the current fiscal year.

Insider Activity at Netflix

In related news, insider David A. Hyman sold 268 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $593.62, for a total value of $159,090.16. Following the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $18,764,328.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Netflix news, insider David A. Hyman sold 268 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $593.62, for a total transaction of $159,090.16. Following the sale, the insider now directly owns 31,610 shares in the company, valued at $18,764,328.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Reed Hastings sold 20,566 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the sale, the chairman now owns 28 shares in the company, valued at $17,091.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 69,425 shares of company stock worth $41,919,791. Company insiders own 1.76% of the company’s stock.

Institutional Trading of Netflix

A number of large investors have recently made changes to their positions in NFLX. Chelsea Counsel Co. acquired a new stake in shares of Netflix in the first quarter valued at approximately $61,000. American Trust acquired a new stake in shares of Netflix in the first quarter valued at approximately $288,000. OMC Financial Services LTD acquired a new stake in shares of Netflix in the first quarter valued at approximately $1,065,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Netflix by 8.8% in the first quarter. EverSource Wealth Advisors LLC now owns 4,277 shares of the Internet television network’s stock valued at $2,598,000 after acquiring an additional 345 shares during the period. Finally, Westwood Holdings Group Inc. boosted its holdings in shares of Netflix by 24.8% in the first quarter. Westwood Holdings Group Inc. now owns 3,570 shares of the Internet television network’s stock valued at $2,168,000 after acquiring an additional 710 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

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.