Netflix (NASDAQ:NFLX) Earns “Sell” Rating from Benchmark

Netflix (NASDAQ:NFLX)‘s stock had its “sell” rating reaffirmed by equities researchers at Benchmark in a research note issued on Tuesday, Benzinga reports. They presently have a $545.00 price target on the Internet television network’s stock. Benchmark’s price objective indicates a potential downside of 22.36% from the stock’s previous close.

A number of other research analysts have also weighed in on NFLX. Sanford C. Bernstein lifted their price objective on shares of Netflix from $600.00 to $625.00 and gave the company a “market perform” rating in a research note on Friday, July 19th. Macquarie boosted their price target on shares of Netflix from $695.00 to $795.00 and gave the company an “outperform” rating in a research report on Friday, October 11th. China Renaissance assumed coverage on shares of Netflix in a research report on Thursday, September 5th. They set a “hold” rating and a $680.00 price target for the company. Argus boosted their price target on shares of Netflix from $660.00 to $767.00 and gave the company a “buy” rating in a research report on Tuesday, July 2nd. Finally, KeyCorp boosted their price target on shares of Netflix from $735.00 to $760.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $704.26.

Netflix Trading Down 0.6 %

NASDAQ:NFLX opened at $702.00 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $302.56 billion, a PE ratio of 48.72, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. The firm’s 50 day moving average is $692.63 and its 200 day moving average is $653.38. Netflix has a 12 month low of $344.73 and a 12 month high of $736.00.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The company had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.53 billion. During the same quarter in the previous year, the firm posted $3.29 EPS. Netflix’s revenue was up 16.8% on a year-over-year basis. Sell-side analysts expect that Netflix will post 19.08 earnings per share for the current year.

Insiders Place Their Bets

In other Netflix news, Director Leslie J. Kilgore sold 383 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $730.00, for a total value of $279,590.00. Following the sale, the director now owns 35,262 shares in the company, valued at approximately $25,741,260. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Leslie J. Kilgore sold 383 shares of the stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $730.00, for a total transaction of $279,590.00. Following the sale, the director now owns 35,262 shares in the company, valued at $25,741,260. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider David A. Hyman sold 20,656 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the sale, the insider now owns 31,610 shares in the company, valued at approximately $19,128,159.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 225,167 shares of company stock worth $150,492,460. 1.76% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Netflix

A number of institutional investors have recently made changes to their positions in NFLX. GQG Partners LLC bought a new position in Netflix during the first quarter valued at approximately $1,450,476,000. Jennison Associates LLC lifted its position in Netflix by 17.0% during the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock valued at $3,875,655,000 after purchasing an additional 929,193 shares during the period. Global Assets Advisory LLC bought a new position in Netflix during the first quarter valued at approximately $436,514,000. Jericho Capital Asset Management L.P. bought a new position in Netflix during the first quarter valued at approximately $372,293,000. Finally, Swedbank AB bought a new position in Netflix during the first quarter valued at approximately $216,538,000. Hedge funds and other 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.