Netflix, Inc. (NASDAQ:NFLX) Given Consensus Recommendation of “Moderate Buy” by Analysts

Netflix, Inc. (NASDAQ:NFLX) has been assigned a consensus recommendation of “Moderate Buy” from the thirty-five research firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and twenty-three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $832.94.

NFLX has been the topic of several recent analyst reports. Rosenblatt Securities increased their price objective on Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group increased their price objective on shares of Netflix from $750.00 to $850.00 and gave the company a “neutral” rating in a research report on Wednesday, January 8th. Wedbush reaffirmed an “outperform” rating and issued a $950.00 target price (up previously from $800.00) on shares of Netflix in a research report on Monday, November 18th. Finally, Oppenheimer increased their price target on Netflix from $825.00 to $1,065.00 and gave the company an “outperform” rating in a report on Monday, December 16th.

Insider Activity

In other Netflix news, Chairman Reed Hastings sold 48,363 shares of Netflix stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total value of $43,362,265.80. Following the sale, the chairman now directly owns 114 shares in the company, valued at approximately $102,212.40. The trade was a 99.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Anne M. Sweeney sold 589 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. Insiders have sold a total of 156,742 shares of company stock worth $131,030,268 over the last quarter. Insiders own 1.76% of the company’s stock.

Institutional Trading of Netflix

Large investors have recently added to or reduced their stakes in the company. DigitalBridge Group Inc. increased its position in Netflix by 35.5% in the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock worth $24,338,000 after purchasing an additional 9,451 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Netflix by 22.7% in the 4th quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock worth $760,918,000 after buying an additional 156,958 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Netflix by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock valued at $1,829,494,000 after buying an additional 29,726 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of Netflix by 2.0% in the 3rd quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock valued at $434,398,000 after acquiring an additional 11,921 shares during the last quarter. Finally, M&T Bank Corp grew its position in Netflix by 4.2% in the third quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock worth $29,751,000 after acquiring an additional 1,684 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 0.3 %

NASDAQ:NFLX opened at $840.29 on Thursday. 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 firm has a market cap of $359.19 billion, a P/E ratio of 47.55, a P/E/G ratio of 1.77 and a beta of 1.27. Netflix has a fifty-two week low of $475.26 and a fifty-two week high of $941.75. The firm has a 50-day simple moving average of $879.75 and a two-hundred day simple moving average of $754.88.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Analysts predict that Netflix will post 19.78 earnings per share for the current fiscal 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.