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

Shares of Netflix, Inc. (NASDAQ:NFLX) have earned a consensus recommendation of “Moderate Buy” from the thirty-seven research firms that are currently covering the company, Marketbeat reports. Nine research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $1,021.02.

Several research analysts have recently commented on NFLX shares. Wolfe Research raised Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 target price on the stock in a report on Thursday, January 23rd. Needham & Company LLC boosted their price objective on Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Robert W. Baird increased their target price on Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Morgan Stanley lifted their price target on Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Finally, Oppenheimer increased their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd.

Netflix Stock Performance

Netflix stock opened at $933.85 on Tuesday. The firm has a market capitalization of $399.46 billion, a P/E ratio of 47.09, a P/E/G ratio of 2.12 and a beta of 1.38. The stock has a fifty day moving average price of $971.74 and a two-hundred day moving average price of $868.10. Netflix has a 52-week low of $542.01 and a 52-week high of $1,064.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The business had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter last year, the company posted $2.11 EPS. As a group, analysts anticipate that Netflix will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In related news, Chairman Reed Hastings sold 35,868 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $888.08, for a total value of $31,853,653.44. Following the completion of the transaction, the chairman now directly owns 114 shares of the company’s stock, valued at approximately $101,241.12. This represents a 99.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Hyman sold 41,121 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $979.01, for a total value of $40,257,870.21. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $30,946,506.10. This trade represents a 56.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 288,583 shares of company stock valued at $279,611,567. 1.76% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Netflix

Several institutional investors have recently bought and sold shares of NFLX. RPg Family Wealth Advisory LLC bought a new stake in shares of Netflix in the third quarter worth $25,000. Pathway Financial Advisers LLC increased its stake in Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after buying an additional 14 shares during the last quarter. Brown Shipley& Co Ltd bought a new stake in Netflix during the 4th quarter worth about $27,000. Transce3nd LLC acquired a new position in shares of Netflix during the 4th quarter worth about $32,000. Finally, Newton One Investments LLC bought a new position in shares of Netflix in the 4th quarter valued at about $34,000. 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.