Netflix (NASDAQ:NFLX) Rating Reiterated by Rosenblatt Securities

Netflix (NASDAQ:NFLX)‘s stock had its “neutral” rating reiterated by research analysts at Rosenblatt Securities in a research note issued on Friday, Benzinga reports. They currently have a $635.00 price objective on the Internet television network’s stock. Rosenblatt Securities’ target price indicates a potential downside of 9.42% from the stock’s previous close.

Several other analysts have also commented on the stock. StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research report on Sunday, September 15th. Piper Sandler increased their price target on shares of Netflix from $600.00 to $650.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Loop Capital raised their target price on shares of Netflix from $700.00 to $750.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Oppenheimer restated an “outperform” rating and set a $725.00 target price on shares of Netflix in a research report on Tuesday, July 30th. Finally, KeyCorp raised their target price on shares of Netflix from $707.00 to $735.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have given a buy rating to the company’s stock. Based on data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average target price of $685.29.

Netflix Trading Down 0.5 %

Shares of Netflix stock opened at $701.03 on Friday. Netflix has a 12-month low of $344.73 and a 12-month high of $715.66. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. The stock has a market cap of $302.14 billion, a PE ratio of 48.65, a price-to-earnings-growth ratio of 1.40 and a beta of 1.26. The company has a 50-day moving average of $663.00 and a two-hundred day moving average of $640.85.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, beating the consensus estimate of $4.74 by $0.14. The business had revenue of $9.56 billion for the quarter, compared to analyst estimates of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The company’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the business earned $3.29 earnings per share. On average, research analysts anticipate that Netflix will post 19.08 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, Director Leslie J. Kilgore sold 428 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $715.00, for a total transaction of $306,020.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Netflix news, Director Leslie J. Kilgore sold 428 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $715.00, for a total transaction of $306,020.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jay C. Hoag sold 43,750 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $687.07, for a total transaction of $30,059,312.50. Following the sale, the director now owns 95,040 shares in the company, valued at $65,299,132.80. The disclosure for this sale can be found here. Insiders sold 197,226 shares of company stock valued at $129,858,692 in the last ninety days. Company insiders own 1.76% of the company’s stock.

Institutional Trading of Netflix

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Anchor Investment Management LLC raised its holdings in shares of Netflix by 0.5% in the 2nd quarter. Anchor Investment Management LLC now owns 6,956 shares of the Internet television network’s stock worth $4,694,000 after purchasing an additional 34 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Netflix by 58.2% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 39,560 shares of the Internet television network’s stock worth $26,698,000 after purchasing an additional 14,560 shares in the last quarter. University of Texas Texas AM Investment Management Co. raised its holdings in shares of Netflix by 231.5% in the 2nd quarter. University of Texas Texas AM Investment Management Co. now owns 5,805 shares of the Internet television network’s stock worth $3,918,000 after purchasing an additional 4,054 shares in the last quarter. Lazari Capital Management Inc. raised its holdings in shares of Netflix by 3.2% in the 2nd quarter. Lazari Capital Management Inc. now owns 3,931 shares of the Internet television network’s stock worth $2,653,000 after purchasing an additional 123 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of Netflix in the 2nd quarter worth approximately $47,894,000. 80.93% of the stock is currently owned by institutional investors.

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.