Netflix, Inc. (NASDAQ:NFLX) Receives Average Recommendation of “Moderate Buy” from Analysts

Netflix, Inc. (NASDAQ:NFLX) has earned a consensus recommendation of “Moderate Buy” from the thirty-six research firms that are currently covering the stock, MarketBeat Ratings reports. 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 on the company. The average 1-year price target among brokers that have covered the stock in the last year is $691.76.

NFLX has been the subject of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $700.00 target price on shares of Netflix in a report on Friday, July 19th. Argus raised their target price on shares of Netflix from $660.00 to $767.00 and gave the stock a “buy” rating in a report on Tuesday, July 2nd. Sanford C. Bernstein boosted their price target on shares of Netflix from $600.00 to $625.00 and gave the company a “market perform” rating in a report on Friday, July 19th. Barclays restated an “underweight” rating and issued a $550.00 price target on shares of Netflix in a research report on Monday. Finally, Citigroup lifted their price objective on shares of Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd.

Insider Activity

In related news, Chairman Reed Hastings sold 45,290 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the completion of the sale, the chairman now directly owns 85 shares of the company’s stock, valued at approximately $60,023.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Chairman Reed Hastings sold 45,290 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the completion of the sale, the chairman now owns 85 shares in the company, valued at $60,023.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Leslie J. Kilgore sold 402 shares of Netflix stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $725.00, for a total value of $291,450.00. Following the completion of the transaction, the director now directly owns 35,262 shares in the company, valued at approximately $25,564,950. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 224,784 shares of company stock valued at $150,212,870 over the last 90 days. 1.76% of the stock is currently owned by company insiders.

Institutional Trading of Netflix

A number of hedge funds have recently bought and sold shares of NFLX. Aveo Capital Partners LLC increased its position in shares of Netflix by 6.9% during the fourth quarter. Aveo Capital Partners LLC now owns 667 shares of the Internet television network’s stock valued at $325,000 after purchasing an additional 43 shares during the period. Campbell & CO Investment Adviser LLC raised its stake in shares of Netflix by 59.6% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 1,503 shares of the Internet television network’s stock valued at $732,000 after buying an additional 561 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Netflix by 135.6% during the 4th quarter. Jones Financial Companies Lllp now owns 509 shares of the Internet television network’s stock worth $248,000 after acquiring an additional 293 shares during the period. CWA Asset Management Group LLC boosted its position in shares of Netflix by 34.1% during the 4th quarter. CWA Asset Management Group LLC now owns 2,224 shares of the Internet television network’s stock valued at $1,083,000 after acquiring an additional 565 shares in the last quarter. Finally, Belpointe Asset Management LLC increased its stake in Netflix by 3.1% in the fourth quarter. Belpointe Asset Management LLC now owns 6,548 shares of the Internet television network’s stock valued at $3,188,000 after acquiring an additional 198 shares during the period. 80.93% of the stock is owned by institutional investors.

Netflix Stock Down 2.5 %

NFLX opened at $701.92 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $302.53 billion, a PE ratio of 48.71, a P/E/G ratio of 1.44 and a beta of 1.26. The stock’s fifty day moving average is $676.85 and its 200-day moving average is $648.20. Netflix has a one year low of $344.73 and a one year high of $725.26.

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, beating analysts’ consensus estimates of $4.74 by $0.14. The company had revenue of $9.56 billion during 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%. Netflix’s revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the company earned $3.29 EPS. On average, equities analysts predict that Netflix will post 19.08 EPS for the current fiscal year.

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.