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

Shares of Netflix, Inc. (NASDAQ:NFLX) have been given an average recommendation of “Buy” by the forty-six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-seven have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $181.97.

A number of equities research analysts recently weighed in on the company. UBS AG restated a “buy” rating and issued a $175.00 price target on shares of Netflix in a research note on Monday, May 15th. BMO Capital Markets restated a “market perform” rating and issued a $180.00 price target (up previously from $150.00) on shares of Netflix in a research note on Tuesday, July 18th. Needham & Company LLC restated a “hold” rating on shares of Netflix in a research note on Tuesday, July 18th. Bank of America Corporation restated a “buy” rating and issued a $199.00 price target (up previously from $184.00) on shares of Netflix in a research note on Tuesday, July 18th. Finally, Vetr upgraded Netflix from a “sell” rating to a “hold” rating and set a $165.09 price target on the stock in a research note on Wednesday, August 16th.

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Shares of Netflix (NFLX) traded up 1.88% during midday trading on Tuesday, hitting $185.15. 6,689,568 shares of the stock traded hands. Netflix has a 12-month low of $93.26 and a 12-month high of $191.50. The company has a market capitalization of $79.94 billion, a PE ratio of 225.24 and a beta of 1.05. The firm’s 50 day moving average price is $175.51 and its 200 day moving average price is $158.22.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Netflix had a net margin of 3.55% and a return on equity of 12.82%. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter last year, the company posted $0.09 EPS. The firm’s revenue was up 32.3% on a year-over-year basis. Analysts expect that Netflix will post $1.19 EPS for the current year.

In related news, CEO Reed Hastings sold 115,577 shares of Netflix stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $152.63, for a total transaction of $17,640,517.51. Following the sale, the chief executive officer now directly owns 115,577 shares in the company, valued at $17,640,517.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gregory K. Peters sold 12,768 shares of Netflix stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $177.38, for a total value of $2,264,787.84. Following the sale, the insider now owns 19,208 shares in the company, valued at $3,407,115.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 349,435 shares of company stock worth $59,221,491. 4.90% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of NFLX. FMR LLC lifted its holdings in Netflix by 12.4% during the second quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock worth $3,531,042,000 after acquiring an additional 2,605,731 shares during the period. Janus Henderson Group PLC lifted its holdings in Netflix by 3,478.1% during the second quarter. Janus Henderson Group PLC now owns 2,041,458 shares of the Internet television network’s stock worth $305,014,000 after acquiring an additional 1,984,404 shares during the period. Jennison Associates LLC lifted its holdings in Netflix by 14.0% during the second quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network’s stock worth $2,208,891,000 after acquiring an additional 1,814,056 shares during the period. Vanguard Group Inc. lifted its holdings in Netflix by 3.5% during the first quarter. Vanguard Group Inc. now owns 27,161,082 shares of the Internet television network’s stock worth $4,014,680,000 after acquiring an additional 921,283 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its holdings in Netflix by 22,622.2% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 814,592 shares of the Internet television network’s stock worth $121,708,000 after acquiring an additional 811,007 shares during the period. Institutional investors and hedge funds own 81.05% of the company’s stock.

About Netflix

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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