Netflix (NASDAQ:NFLX) Given “Neutral” Rating at Rosenblatt Securities

Rosenblatt Securities reiterated their neutral rating on shares of Netflix (NASDAQ:NFLX) in a research note released on Thursday morning,Benzinga reports. Rosenblatt Securities currently has a $680.00 price objective on the Internet television network’s stock.

A number of other analysts also recently weighed in on the stock. Citigroup raised their price target on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Oppenheimer decreased their price objective on shares of Netflix from $1,065.00 to $1,040.00 and set an “outperform” rating for the company in a report on Wednesday. UBS Group upped their target price on shares of Netflix from $825.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Guggenheim lifted their price target on Netflix from $825.00 to $950.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Piper Sandler boosted their price objective on Netflix from $840.00 to $950.00 and gave the company an “overweight” rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $845.06.

Netflix Stock Performance

Shares of NFLX stock opened at $842.37 on Thursday. The company’s fifty day moving average price is $882.41 and its two-hundred day moving average price is $756.61. 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 market capitalization of $360.08 billion, a P/E ratio of 47.67, a P/E/G ratio of 1.35 and a beta of 1.27. Netflix has a 12 month low of $475.26 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. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The firm had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. On average, research analysts anticipate that Netflix will post 19.78 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Richard N. Barton sold 5,698 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $756.00, for a total value of $4,307,688.00. Following the completion of the transaction, the director now directly owns 246 shares in the company, valued at $185,976. This trade represents a 95.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Reed Hastings sold 35,868 shares of the business’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 sale, the chairman now directly owns 114 shares in the company, valued at approximately $101,241.12. The trade was a 99.68 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 152,198 shares of company stock valued at $127,616,898. Company insiders own 1.76% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Bradley Foster & Sargent Inc. CT raised its holdings in shares of Netflix by 55.1% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 1,556 shares of the Internet television network’s stock worth $1,050,000 after purchasing an additional 553 shares in the last quarter. Argent Trust Co grew its position in Netflix by 14.7% in the second quarter. Argent Trust Co now owns 2,992 shares of the Internet television network’s stock worth $2,019,000 after buying an additional 383 shares during the last quarter. Glass Jacobson Investment Advisors llc increased its holdings in shares of Netflix by 187.6% in the second quarter. Glass Jacobson Investment Advisors llc now owns 440 shares of the Internet television network’s stock valued at $297,000 after buying an additional 287 shares in the last quarter. Intrepid Financial Planning Group LLC acquired a new stake in shares of Netflix during the 2nd quarter valued at $218,000. Finally, MRP Capital Investments LLC bought a new stake in shares of Netflix during the 2nd quarter worth $769,000. Institutional investors own 80.93% of the company’s stock.

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.