Netflix, Inc. (NFLX) Receives Average Rating of “Buy” from Analysts

Shares of Netflix, Inc. (NASDAQ:NFLX) have been assigned an average recommendation of “Buy” from the forty-seven ratings firms that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirty have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $377.07.

Several analysts recently issued reports on NFLX shares. Imperial Capital dropped their target price on Netflix from $503.00 to $494.00 and set an “outperform” rating on the stock in a report on Monday, August 13th. Canaccord Genuity upped their target price on Netflix from $350.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, July 12th. Citigroup upped their target price on Netflix to $375.00 and gave the stock a “neutral” rating in a report on Wednesday, September 12th. Guggenheim upped their target price on Netflix from $360.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, September 19th. Finally, Credit Suisse Group reissued a “buy” rating and set a $470.00 price target on shares of Netflix in a research report on Monday, October 1st.

In related news, CFO David B. Wells sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, July 23rd. The stock was sold at an average price of $359.00, for a total value of $359,000.00. Following the completion of the sale, the chief financial officer now directly owns 1,000 shares in the company, valued at $359,000. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Reed Hastings sold 75,656 shares of the business’s stock in a transaction that occurred on Monday, July 23rd. The shares were sold at an average price of $359.64, for a total value of $27,208,923.84. Following the completion of the sale, the chief executive officer now owns 75,656 shares of the company’s stock, valued at $27,208,923.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 381,452 shares of company stock valued at $135,102,461. 4.29% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of NFLX. Berkeley Capital Partners LLC lifted its stake in Netflix by 17.3% during the second quarter. Berkeley Capital Partners LLC now owns 1,008 shares of the Internet television network’s stock worth $273,000 after purchasing an additional 149 shares during the last quarter. Capstone Financial Advisors Inc. lifted its stake in Netflix by 17.8% during the second quarter. Capstone Financial Advisors Inc. now owns 1,006 shares of the Internet television network’s stock worth $394,000 after purchasing an additional 152 shares during the last quarter. Cornerstone Advisors Inc. lifted its stake in Netflix by 9.6% during the second quarter. Cornerstone Advisors Inc. now owns 1,740 shares of the Internet television network’s stock worth $681,000 after purchasing an additional 153 shares during the last quarter. Cobblestone Capital Advisors LLC NY lifted its stake in Netflix by 22.1% during the second quarter. Cobblestone Capital Advisors LLC NY now owns 855 shares of the Internet television network’s stock worth $335,000 after purchasing an additional 155 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its stake in Netflix by 30.6% during the third quarter. Sound Income Strategies LLC now owns 675 shares of the Internet television network’s stock worth $253,000 after purchasing an additional 158 shares during the last quarter. Institutional investors and hedge funds own 73.76% of the company’s stock.

NFLX opened at $364.70 on Thursday. Netflix has a 52-week low of $178.38 and a 52-week high of $423.21. The stock has a market cap of $162.92 billion, a P/E ratio of 291.76, a P/E/G ratio of 4.67 and a beta of 0.89. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.54 and a current ratio of 1.54.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, October 16th. The Internet television network reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.21. Netflix had a return on equity of 25.66% and a net margin of 7.13%. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $3.99 billion. During the same quarter in the prior year, the company posted $0.29 earnings per share. Netflix’s revenue was up 34.0% on a year-over-year basis. Equities research analysts predict that Netflix will post 2.67 EPS for the current year.

About Netflix

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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Analyst Recommendations for Netflix (NASDAQ:NFLX)

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