Netflix (NASDAQ:NFLX) Upgraded to Hold at Phillip Securities

Phillip Securities upgraded shares of Netflix (NASDAQ:NFLX - Free Report) from a moderate sell rating to a hold rating in a report issued on Monday morning,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Loop Capital reissued a "hold" rating on shares of Netflix in a report on Monday, March 24th. JPMorgan Chase & Co. raised their target price on Netflix from $1,025.00 to $1,150.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Robert W. Baird upped their price target on shares of Netflix from $875.00 to $1,200.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Evercore ISI raised their price objective on shares of Netflix from $1,100.00 to $1,150.00 and gave the stock an "outperform" rating in a report on Monday, April 21st. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $1,200.00 target price (up from $1,150.00) on shares of Netflix in a report on Friday, April 18th. Ten analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,072.12.

Netflix Stock Performance

NASDAQ:NFLX traded up $4.66 during mid-day trading on Monday, reaching $1,101.53. The company's stock had a trading volume of 3,944,668 shares, compared to its average volume of 3,710,770. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market cap of $471.19 billion, a P/E ratio of 55.55, a PEG ratio of 2.12 and a beta of 1.55. The firm's fifty day moving average price is $955.92 and its two-hundred day moving average price is $903.65. Netflix has a 12-month low of $544.25 and a 12-month high of $1,106.80.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. The firm had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period in the previous year, the company earned $8.28 earnings per share. On average, equities analysts forecast that Netflix will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling

In other Netflix news, Director Ann Mather sold 2,682 shares of the business's 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, CAO Jeffrey William Karbowski sold 480 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $986.75, for a total value of $473,640.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 273,855 shares of company stock worth $267,474,816. Insiders own 1.76% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Nordea Investment Management AB lifted its stake in Netflix by 22.7% in the fourth quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network's stock worth $760,918,000 after purchasing an additional 156,958 shares during the last quarter. First National Trust Co lifted its stake in shares of Netflix by 1.0% during the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock worth $1,121,000 after acquiring an additional 12 shares during the last quarter. Haven Private LLC purchased a new position in Netflix during the 4th quarter valued at $733,000. Sigma Planning Corp increased its stake in Netflix by 7.4% in the fourth quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network's stock worth $4,966,000 after purchasing an additional 386 shares during the period. Finally, Quilter Plc lifted its position in shares of Netflix by 8.2% during the fourth quarter. Quilter Plc now owns 143,757 shares of the Internet television network's stock worth $128,133,000 after purchasing an additional 10,946 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Netflix Company Profile

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.