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

Shares of Netflix, Inc. (NASDAQ:NFLX) have been given an average rating of “Moderate Buy” by the thirty-five ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two investment 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 12-month target price among brokers that have issued a report on the stock in the last year is $832.94.

Several equities analysts recently commented on the stock. The Goldman Sachs Group boosted their price objective on shares of Netflix from $750.00 to $850.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research report on Saturday, December 21st. Pivotal Research increased their price objective on Netflix from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Macquarie boosted their target price on Netflix from $795.00 to $965.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Benchmark raised their price target on Netflix from $555.00 to $720.00 and gave the company a “sell” rating in a report on Friday, January 3rd.

Insider Buying and Selling

In other news, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total value of $5,596,374.32. Following the sale, the director now directly owns 246 shares in the company, valued at approximately $216,327.48. This trade represents a 96.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anne M. Sweeney sold 589 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. Insiders have sold 156,742 shares of company stock valued at $131,030,268 over the last ninety days. 1.76% of the stock is owned by insiders.

Institutional Investors Weigh In On Netflix

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NFLX. RPg Family Wealth Advisory LLC purchased a new stake in shares of Netflix in the 3rd quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in Netflix by 700.0% in the third 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 during the period. MidAtlantic Capital Management Inc. bought a new position in shares of Netflix during the third quarter valued at approximately $37,000. FSA Wealth Management LLC purchased a new position in shares of Netflix during the third quarter valued at approximately $38,000. Finally, First Personal Financial Services purchased a new position in shares of Netflix during the third quarter valued at approximately $40,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Trading Up 0.3 %

NASDAQ:NFLX opened at $840.29 on Thursday. The company has a market cap of $359.19 billion, a P/E ratio of 47.55, a P/E/G ratio of 1.77 and a beta of 1.27. Netflix has a 1 year low of $475.26 and a 1 year high of $941.75. 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 stock’s fifty day moving average price is $879.75 and its two-hundred day moving average price is $754.88.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. The business had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. As a group, analysts expect that Netflix will post 19.78 EPS for the current year.

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.