Netflix’s (NFLX) “Neutral” Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities restated their neutral rating on shares of Netflix (NASDAQ:NFLX) in a report released on Friday morning, Benzinga reports. They currently have a $635.00 price objective on the Internet television network’s stock.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. lifted their price target on shares of Netflix from $650.00 to $750.00 and gave the company an overweight rating in a report on Friday, July 12th. Bank of America increased their target price on shares of Netflix from $700.00 to $740.00 and gave the stock a buy rating in a report on Monday, July 15th. Oppenheimer reaffirmed an outperform rating and set a $725.00 price objective on shares of Netflix in a report on Tuesday, July 30th. Benchmark increased their target price on Netflix from $450.00 to $545.00 and gave the company a sell rating in a research report on Tuesday, July 16th. Finally, Needham & Company LLC restated a buy rating and issued a $700.00 price target on shares of Netflix in a research report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $685.29.

Netflix Trading Down 0.5 %

Shares of Netflix stock opened at $701.03 on Friday. Netflix has a 1 year low of $344.73 and a 1 year high of $715.66. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $302.14 billion, a PE ratio of 48.65, a price-to-earnings-growth ratio of 1.40 and a beta of 1.26. The firm’s 50 day moving average is $663.00 and its 200 day moving average is $641.15.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, topping the consensus estimate of $4.74 by $0.14. The firm had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The business’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.29 earnings per share. Equities research analysts forecast that Netflix will post 19.08 earnings per share for the current fiscal year.

Insider Activity

In other Netflix news, Director Leslie J. Kilgore sold 428 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $715.00, for a total transaction of $306,020.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Leslie J. Kilgore sold 428 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $715.00, for a total value of $306,020.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Spencer Adam Neumann sold 433 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $626.19, for a total transaction of $271,140.27. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 197,226 shares of company stock worth $129,858,692. Insiders own 1.76% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NFLX. Denver PWM LLC acquired a new stake in shares of Netflix during the 2nd quarter worth approximately $25,000. Valued Wealth Advisors LLC increased its stake in Netflix by 80.0% in the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 20 shares in the last quarter. VitalStone Financial LLC grew its holdings in shares of Netflix by 933.3% during the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after buying an additional 56 shares during the last quarter. Beaird Harris Wealth Management LLC grew its holdings in shares of Netflix by 1,550.0% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after buying an additional 62 shares during the last quarter. Finally, Scarborough Advisors LLC purchased a new position in Netflix during the fourth quarter worth about $32,000. 80.93% of the stock is owned by 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.