Netflix’s (NFLX) Buy Rating Reiterated at Atlantic Securities

Netflix (NASDAQ:NFLX)‘s stock had its “buy” rating reaffirmed by investment analysts at Atlantic Securities in a research note issued on Wednesday. They presently have a $441.00 target price on the Internet television network’s stock. Atlantic Securities’ price objective suggests a potential upside of 26.99% from the company’s previous close.

A number of other research firms also recently issued reports on NFLX. UBS Group downgraded shares of Netflix from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $425.00 to $237.00 in a research report on Wednesday, July 11th. Goldman Sachs Group reissued a “$375.13” rating and set a $470.00 target price on shares of Netflix in a research report on Wednesday, July 18th. SunTrust Banks increased their target price on shares of Netflix from $270.00 to $415.00 and gave the stock a “hold” rating in a research report on Friday, July 13th. Wells Fargo & Co increased their target price on shares of Netflix from $370.00 to $385.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 17th. Finally, BidaskClub downgraded shares of Netflix from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 20th. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirty have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $375.90.

NFLX traded down $17.43 on Wednesday, reaching $347.27. 478,957 shares of the company’s stock were exchanged, compared to its average volume of 10,958,524. The company has a market cap of $162.92 billion, a PE ratio of 287.60, a price-to-earnings-growth ratio of 4.67 and a beta of 0.89. Netflix has a twelve month low of $178.38 and a twelve month high of $423.21. 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 posted its earnings results on Tuesday, October 16th. The Internet television network reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.21. The firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.99 billion. Netflix had a net margin of 7.13% and a return on equity of 25.66%. The company’s revenue was up 34.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 EPS. On average, sell-side analysts predict that Netflix will post 2.67 earnings per share for the current year.

In other news, insider Theodore A. Sarandos sold 111,391 shares of the stock in a transaction that occurred on Monday, July 23rd. The stock was sold at an average price of $360.00, for a total transaction of $40,100,760.00. Following the completion of the transaction, the insider now directly owns 16,065 shares in the company, valued at approximately $5,783,400. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO David B. Wells sold 1,000 shares of the stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $376.61, for a total value of $376,610.00. Following the transaction, the chief financial officer now owns 1,000 shares of the company’s stock, valued at $376,610. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 381,452 shares of company stock valued at $135,102,461. Company insiders own 4.29% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in NFLX. CSat Investment Advisory L.P. purchased a new position in shares of Netflix during the 2nd quarter valued at approximately $117,000. Guidant Wealth Advisors raised its position in shares of Netflix by 190.5% during the 2nd quarter. Guidant Wealth Advisors now owns 305 shares of the Internet television network’s stock valued at $121,000 after acquiring an additional 200 shares in the last quarter. Signature Estate & Investment Advisors LLC acquired a new stake in shares of Netflix during the 2nd quarter valued at approximately $124,000. WealthTrust Fairport LLC raised its position in shares of Netflix by 133.3% during the 2nd quarter. WealthTrust Fairport LLC now owns 350 shares of the Internet television network’s stock valued at $137,000 after acquiring an additional 200 shares in the last quarter. Finally, BerganKDV Wealth Management LLC acquired a new stake in shares of Netflix during the 2nd quarter valued at approximately $137,000. Institutional investors own 73.76% of the company’s stock.

Netflix Company Profile

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.

Further Reading: Dividend Aristocrat Index

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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