Netflix (NASDAQ:NFLX) Stock Rating Upgraded by Benchmark

Netflix (NASDAQ:NFLX) was upgraded by Benchmark from a “sell” rating to a “hold” rating in a research note issued on Wednesday, Marketbeat.com reports.

Several other equities research analysts have also commented on NFLX. Citigroup upped their price target on Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Guggenheim lifted their price target on shares of Netflix from $825.00 to $950.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a research report on Wednesday. TD Cowen lifted their target price on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a report on Friday, October 18th. Finally, StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a report on Saturday, December 21st. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $996.94.

Netflix Trading Up 3.2 %

Shares of NFLX stock opened at $984.86 on Wednesday. The firm’s 50-day simple moving average is $889.11 and its 200-day simple moving average is $763.41. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. Netflix has a 1-year low of $537.07 and a 1-year high of $999.00. The firm has a market cap of $420.99 billion, a P/E ratio of 49.67, a PEG ratio of 1.41 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 39.48%. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10,141,900 billion. During the same quarter last year, the firm posted $2.11 earnings per share. Netflix’s revenue was up 16.0% on a year-over-year basis. As a group, equities analysts forecast that Netflix will post 23.43 EPS for the current year.

Insider Transactions at Netflix

In other Netflix news, Director Anne M. Sweeney sold 589 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total value of $518,320.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Reed Hastings sold 48,363 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the transaction, the chairman now directly owns 114 shares of the company’s stock, valued at approximately $102,212.40. This trade represents a 99.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 146,500 shares of company stock worth $123,309,210. 1.76% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Netflix

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Custom Index Systems LLC raised its stake in Netflix by 3.7% during the 4th quarter. Custom Index Systems LLC now owns 1,569 shares of the Internet television network’s stock valued at $1,398,000 after acquiring an additional 56 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in shares of Netflix during the fourth quarter valued at $446,000. Austin Private Wealth LLC raised its stake in shares of Netflix by 16.8% during the fourth quarter. Austin Private Wealth LLC now owns 834 shares of the Internet television network’s stock valued at $743,000 after purchasing an additional 120 shares in the last quarter. Caprock Group LLC lifted its holdings in Netflix by 3.9% in the fourth quarter. Caprock Group LLC now owns 17,745 shares of the Internet television network’s stock worth $15,817,000 after purchasing an additional 661 shares during the period. Finally, New Wave Wealth Advisors LLC grew its position in Netflix by 5.7% in the 4th quarter. New Wave Wealth Advisors LLC now owns 1,754 shares of the Internet television network’s stock valued at $1,563,000 after buying an additional 95 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

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.