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

Netflix, Inc. (NASDAQ:NFLX) has received an average recommendation of “Moderate Buy” from the thirty-five brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-three have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $845.82.

A number of research firms have weighed in on NFLX. Canaccord Genuity Group lifted their target price on Netflix from $760.00 to $940.00 and gave the company a “hold” rating in a report on Monday, December 2nd. Argus raised their price objective on shares of Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Rosenblatt Securities upped 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. Needham & Company LLC increased their target price on shares of Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, Barclays boosted their price target on shares of Netflix from $550.00 to $715.00 and gave the company an “underweight” rating in a research report on Tuesday.

Netflix Stock Up 2.4 %

Netflix stock opened at $848.26 on Thursday. The firm has a 50 day simple moving average of $881.04 and a 200 day simple moving average of $755.96. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix has a 1-year low of $475.26 and a 1-year high of $941.75. The firm has a market capitalization of $362.60 billion, a price-to-earnings ratio of 48.01, a P/E/G ratio of 1.35 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share 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. On average, analysts predict that Netflix will post 19.78 earnings per share for the current year.

Insider Buying and Selling

In other Netflix news, CEO Gregory K. Peters sold 4,186 shares of the firm’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $750.00, for a total value of $3,139,500.00. Following the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $9,817,500. This trade represents a 24.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Leslie J. Kilgore sold 358 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $765.00, for a total transaction of $273,870.00. Following the transaction, the director now directly owns 35,262 shares of the company’s stock, valued at approximately $26,975,430. This trade represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 156,742 shares of company stock valued at $131,030,268 over the last three months. 1.76% of the stock is owned by company insiders.

Hedge Funds Weigh In On Netflix

Several hedge funds have recently made changes to their positions in the business. RPg Family Wealth Advisory LLC bought a new stake in Netflix in the third quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in shares of Netflix during the 3rd quarter valued at about $37,000. FSA Wealth Management LLC purchased a new position in shares of Netflix during the third quarter valued at about $38,000. Finally, First Personal Financial Services purchased a new stake in Netflix in the third quarter worth about $40,000. 80.93% of the stock is 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.