Netflix (NASDAQ:NFLX) Stock Rating Upgraded by Rosenblatt Securities

Netflix (NASDAQ:NFLX - Get Free Report) was upgraded by stock analysts at Rosenblatt Securities from a "neutral" rating to a "buy" rating in a report issued on Wednesday,Benzinga reports. The brokerage presently has a $1,494.00 target price on the Internet television network's stock, up from their prior target price of $680.00. Rosenblatt Securities' target price suggests a potential upside of 71.79% from the company's previous close.

Several other research analysts have also weighed in on the company. Canaccord Genuity Group boosted their price target on Netflix from $760.00 to $940.00 and gave the stock a "hold" rating in a research report on Monday, December 2nd. Oppenheimer cut their target price on shares of Netflix from $1,065.00 to $1,040.00 and set an "outperform" rating for the company in a research note on Wednesday, January 15th. Argus boosted their price target on Netflix from $840.00 to $1,040.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. JPMorgan Chase & Co. dropped their price target on Netflix from $1,010.00 to $1,000.00 and set an "overweight" rating on the stock in a research note on Friday, January 10th. Finally, Sanford C. Bernstein lifted their target price on shares of Netflix from $625.00 to $780.00 and gave the stock a "market perform" rating in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $952.30.

Netflix Stock Up 1.3 %

Shares of Netflix stock opened at $869.68 on Wednesday. Netflix has a 52-week low of $479.90 and a 52-week high of $941.75. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The business's 50 day simple moving average is $885.64 and its 200 day simple moving average is $760.81. The firm has a market cap of $371.75 billion, a PE ratio of 49.22, a P/E/G ratio of 1.40 and a beta of 1.27.

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, topping analysts' consensus estimates of $4.20 by $0.07. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10,141,900 billion. During the same quarter in the previous year, the firm posted $2.11 earnings per share. The firm's revenue for the quarter was up 16.0% on a year-over-year basis. On average, analysts predict that Netflix will post 19.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In related news, Director Richard N. Barton sold 6,364 shares of the business's stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the transaction, the director now owns 246 shares in the company, valued at $216,327.48. The trade was a 96.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Timothy M. Haley sold 11,090 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 152,198 shares of company stock worth $127,616,898. Insiders own 1.76% of the company's stock.

Institutional Investors Weigh In On Netflix

Institutional investors and hedge funds have recently made changes to their positions in the business. Epoch Investment Partners Inc. boosted its holdings in shares of Netflix by 27.1% during the 2nd quarter. Epoch Investment Partners Inc. now owns 544 shares of the Internet television network's stock worth $367,000 after buying an additional 116 shares in the last quarter. Mill Creek Capital Advisors LLC boosted its stake in Netflix by 24.8% during the second quarter. Mill Creek Capital Advisors LLC now owns 433 shares of the Internet television network's stock worth $292,000 after acquiring an additional 86 shares in the last quarter. Clear Point Advisors Inc. increased its stake in Netflix by 3.9% in the second quarter. Clear Point Advisors Inc. now owns 449 shares of the Internet television network's stock valued at $303,000 after purchasing an additional 17 shares in the last quarter. Insigneo Advisory Services LLC lifted its holdings in shares of Netflix by 10.6% in the 2nd quarter. Insigneo Advisory Services LLC now owns 8,230 shares of the Internet television network's stock worth $5,554,000 after purchasing an additional 786 shares in the last quarter. Finally, Fred Alger Management LLC grew its position in Netflix by 4.7% in the 2nd quarter. Fred Alger Management LLC now owns 465,249 shares of the Internet television network's stock valued at $313,987,000 after purchasing an additional 20,962 shares during the period. Institutional investors own 80.93% of the company's stock.

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.

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