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

Shares of Netflix, Inc. (NASDAQ:NFLX - Get Free Report) have earned a consensus rating of "Moderate Buy" from the thirty-six research firms that are currently covering the stock, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $1,016.78.

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Netflix from $1,000.00 to $1,150.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. Pivotal Research lifted their price objective on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Moffett Nathanson upgraded shares of Netflix from a "neutral" rating to a "buy" rating and increased their target price for the stock from $850.00 to $1,100.00 in a research note on Monday, March 17th. Citigroup increased their price objective on Netflix from $725.00 to $920.00 and gave the stock a "neutral" rating in a research report on Thursday, December 5th. Finally, Robert W. Baird lifted their target price on Netflix from $875.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd.

Insider Activity at Netflix

In other news, Director Ann Mather sold 2,682 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $973.00, for a total transaction of $2,609,586.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Strive Masiyiwa sold 2,813 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total value of $2,835,138.31. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 288,583 shares of company stock valued at $279,611,567. Corporate insiders own 1.76% of the company's stock.

Remove Ads

Institutional Investors Weigh In On Netflix

A number of hedge funds have recently added to or reduced their stakes in the stock. Life Line Wealth Management LLC acquired a new stake in shares of Netflix in the 4th quarter worth about $209,000. Fire Capital Management LLC acquired a new stake in shares of Netflix in the fourth quarter valued at approximately $352,000. Mascagni Wealth Management Inc. acquired a new stake in shares of Netflix in the fourth quarter valued at approximately $528,000. Prostatis Group LLC raised its holdings in shares of Netflix by 3.7% during the fourth quarter. Prostatis Group LLC now owns 754 shares of the Internet television network's stock valued at $672,000 after buying an additional 27 shares during the last quarter. Finally, M1 Capital Management LLC acquired a new position in shares of Netflix during the fourth quarter worth approximately $320,000. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Up 1.5 %

Shares of NFLX traded up $15.01 during midday trading on Tuesday, hitting $985.66. The company had a trading volume of 730,306 shares, compared to its average volume of 3,480,367. Netflix has a 1 year low of $542.01 and a 1 year high of $1,064.50. The firm has a market capitalization of $421.62 billion, a P/E ratio of 49.63, a P/E/G ratio of 2.12 and a beta of 1.38. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The company's 50-day simple moving average is $967.54 and its 200-day simple moving average is $864.18.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating analysts' consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company's quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.11 EPS. As a group, sell-side analysts expect that Netflix will post 24.58 EPS for the current 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.