Netflix, Inc. (NASDAQ:NFLX) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Netflix, Inc. (NASDAQ:NFLX) have earned a consensus recommendation of “Moderate Buy” from the thirty-five research firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-three have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $807.70.

NFLX has been the subject of a number of research analyst reports. The Goldman Sachs Group set a $750.00 price target on shares of Netflix in a research note on Friday, October 18th. Rosenblatt Securities upped their target price on Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Guggenheim lifted their price target on Netflix from $810.00 to $825.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. China Renaissance assumed coverage on Netflix in a report on Thursday, September 5th. They issued a “hold” rating and a $680.00 price objective for the company. Finally, Needham & Company LLC boosted their price target on shares of Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th.

Netflix Stock Performance

Shares of NFLX stock opened at $902.04 on Friday. The business has a 50 day simple moving average of $829.03 and a 200 day simple moving average of $726.56. 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 $385.58 billion, a price-to-earnings ratio of 51.05, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. Netflix has a 12-month low of $461.86 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 company had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. On average, equities research analysts anticipate that Netflix will post 19.78 EPS for the current year.

Insider Transactions at Netflix

In related news, Director Leslie J. Kilgore sold 402 shares of the company’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total value of $291,450.00. Following the completion of the sale, the director now directly owns 35,262 shares in the company, valued at approximately $25,564,950. This represents a 1.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Gregory K. Peters sold 4,392 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total value of $3,184,200.00. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $9,490,250. This trade represents a 25.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 164,977 shares of company stock worth $129,317,467 in the last 90 days. 1.76% of the stock is owned by insiders.

Institutional Investors Weigh In On Netflix

A number of large investors have recently added to or reduced their stakes in NFLX. Independent Solutions Wealth Management LLC lifted its stake in shares of Netflix by 10.8% in the third quarter. Independent Solutions Wealth Management LLC now owns 2,131 shares of the Internet television network’s stock worth $1,512,000 after buying an additional 208 shares during the last quarter. SMART Wealth LLC bought a new position in Netflix in the 3rd quarter worth $414,000. Lord Abbett & CO. LLC lifted its position in Netflix by 20.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 291,259 shares of the Internet television network’s stock worth $206,581,000 after acquiring an additional 48,538 shares during the last quarter. DGS Capital Management LLC boosted its holdings in Netflix by 5.2% during the third quarter. DGS Capital Management LLC now owns 1,931 shares of the Internet television network’s stock valued at $1,370,000 after acquiring an additional 95 shares during the period. Finally, Oddo BHF Asset Management Sas acquired a new stake in shares of Netflix in the third quarter valued at about $21,594,000. 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.