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

Shares of Netflix, Inc. (NASDAQ:NFLX) have been given a consensus rating of “Moderate Buy” by the thirty-five analysts that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-four have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $764.82.

Several research analysts have commented on the stock. Barclays restated an “underweight” rating and set a $550.00 price objective on shares of Netflix in a research report on Friday, October 18th. Wells Fargo & Company raised their price objective on Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft boosted their target price on Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Jefferies Financial Group raised their price target on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Benchmark reiterated a “sell” rating and set a $545.00 price objective on shares of Netflix in a research report on Tuesday, October 15th.

Insider Transactions at Netflix

In other news, insider David A. Hyman sold 267 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $24,202,828.70. This represents a 0.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Reed Hastings sold 25,074 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $680.92, for a total value of $17,073,388.08. Following the completion of the sale, the chairman now owns 85 shares of the company’s stock, valued at approximately $57,878.20. This represents a 99.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 185,866 shares of company stock valued at $133,393,921 in the last quarter. 1.76% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Netflix

A number of institutional investors have recently modified their holdings of the company. LGT Group Foundation bought a new stake in shares of Netflix during the first quarter worth about $146,000. Fayez Sarofim & Co lifted its holdings in shares of Netflix by 37.4% in the first quarter. Fayez Sarofim & Co now owns 581 shares of the Internet television network’s stock valued at $353,000 after purchasing an additional 158 shares in the last quarter. CreativeOne Wealth LLC boosted its position in shares of Netflix by 80.1% during the first quarter. CreativeOne Wealth LLC now owns 2,520 shares of the Internet television network’s stock valued at $1,531,000 after buying an additional 1,121 shares during the last quarter. Freestone Capital Holdings LLC grew its holdings in Netflix by 3.8% during the first quarter. Freestone Capital Holdings LLC now owns 8,114 shares of the Internet television network’s stock worth $4,928,000 after buying an additional 295 shares in the last quarter. Finally, EP Wealth Advisors LLC raised its position in Netflix by 23.3% in the 1st quarter. EP Wealth Advisors LLC now owns 11,002 shares of the Internet television network’s stock valued at $6,682,000 after buying an additional 2,080 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Performance

NASDAQ:NFLX opened at $872.60 on Wednesday. The company has a market cap of $373.00 billion, a price-to-earnings ratio of 49.38, a PEG ratio of 1.67 and a beta of 1.25. Netflix has a fifty-two week low of $445.73 and a fifty-two week high of $908.00. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a fifty day moving average price of $762.10 and a 200-day moving average price of $695.13.

Netflix (NASDAQ:NFLX) last announced 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 firm had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. As a group, equities analysts anticipate that Netflix will post 19.78 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.