China Renaissance Begins Coverage on Netflix (NASDAQ:NFLX)

Analysts at China Renaissance started coverage on shares of Netflix (NASDAQ:NFLX) in a research report issued to clients and investors on Thursday, Briefing.com reports. The firm set a “hold” rating and a $680.00 price target on the Internet television network’s stock. China Renaissance’s target price suggests a potential upside of 0.05% from the stock’s current price.

A number of other research firms have also weighed in on NFLX. KeyCorp raised their price objective on Netflix from $707.00 to $735.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Citigroup lifted their target price on shares of Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. UBS Group boosted their target price on Netflix from $685.00 to $750.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Sanford C. Bernstein increased their price objective on shares of Netflix from $600.00 to $625.00 and gave the stock a “market perform” rating in a research note on Friday, July 19th. Finally, Pivotal Research boosted their target price on shares of Netflix from $800.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $685.29.

Netflix Trading Up 0.6 %

NASDAQ:NFLX opened at $679.68 on Thursday. The company has a 50-day moving average price of $660.09 and a 200-day moving average price of $632.90. The stock has a market cap of $292.94 billion, a price-to-earnings ratio of 47.17, a P/E/G ratio of 1.44 and a beta of 1.27. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. Netflix has a 12 month low of $344.73 and a 12 month high of $711.33.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results 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. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The company had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.53 billion. During the same period in the prior year, the firm earned $3.29 earnings per share. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. Equities analysts predict that Netflix will post 19.08 EPS for the current year.

Insider Buying and Selling at Netflix

In other news, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Gregory K. Peters sold 4,783 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $8,835,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The disclosure for this sale can be found here. Insiders sold 157,831 shares of company stock valued at $102,721,884 in the last 90 days. Insiders own 1.76% of the company’s stock.

Hedge Funds Weigh In On Netflix

Several institutional investors have recently bought and sold shares of the business. Denver PWM LLC purchased a new stake in shares of Netflix during the 2nd quarter valued at about $25,000. Valued Wealth Advisors LLC increased its stake in Netflix by 80.0% during the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 20 shares during the last quarter. Proffitt & Goodson Inc. raised its position in Netflix by 380.0% during the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 38 shares during the period. AlphaMark Advisors LLC raised its position in Netflix by 642.9% during the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after purchasing an additional 45 shares during the period. Finally, Indiana Trust & Investment Management CO lifted its stake in shares of Netflix by 112.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 28 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

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.