Netflix, Inc. (NASDAQ:NFLX) has been assigned an average recommendation of “Buy” from the forty-five ratings firms that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $388.58.
NFLX has been the subject of several research analyst reports. Barclays set a $375.00 price objective on Netflix and gave the stock a “buy” rating in a research note on Wednesday, April 17th. SunTrust Banks reaffirmed a “buy” rating on shares of Netflix in a research report on Friday, April 12th. ValuEngine raised Netflix from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Imperial Capital dropped their target price on Netflix from $463.00 to $458.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Finally, Deutsche Bank raised Netflix from a “hold” rating to a “buy” rating and upped their target price for the stock from $360.00 to $400.00 in a research report on Tuesday, April 16th.
In other Netflix news, CEO Reed Hastings sold 51,898 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $372.89, for a total value of $19,352,245.22. Following the sale, the chief executive officer now owns 51,898 shares of the company’s stock, valued at approximately $19,352,245.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 166,278 shares of company stock worth $60,502,416 in the last ninety days. Insiders own 4.29% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Netflix in the 4th quarter worth approximately $1,209,406,000. Harris Associates L P lifted its position in shares of Netflix by 90.8% in the 4th quarter. Harris Associates L P now owns 3,109,548 shares of the Internet television network’s stock worth $832,301,000 after acquiring an additional 1,479,651 shares during the period. FMR LLC lifted its position in shares of Netflix by 2.4% in the 1st quarter. FMR LLC now owns 26,167,019 shares of the Internet television network’s stock worth $9,330,112,000 after acquiring an additional 605,419 shares during the period. Two Sigma Advisers LP lifted its position in shares of Netflix by 186.3% in the 4th quarter. Two Sigma Advisers LP now owns 763,935 shares of the Internet television network’s stock worth $204,475,000 after acquiring an additional 497,137 shares during the period. Finally, SG Americas Securities LLC lifted its position in shares of Netflix by 127.8% in the 1st quarter. SG Americas Securities LLC now owns 93,575 shares of the Internet television network’s stock worth $33,365,000 after acquiring an additional 429,775 shares during the period. 77.02% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Netflix stock traded down $2.70 during trading on Tuesday, hitting $367.32. The stock had a trading volume of 4,585,737 shares, compared to its average volume of 5,573,989. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.61 and a current ratio of 0.61. The stock has a market capitalization of $160.60 billion, a price-to-earnings ratio of 137.06, a P/E/G ratio of 3.66 and a beta of 1.30. The firm’s fifty day simple moving average is $355.31. Netflix has a fifty-two week low of $231.23 and a fifty-two week high of $419.77.
Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, April 16th. The Internet television network reported $0.76 EPS for the quarter, beating the consensus estimate of $0.57 by $0.19. Netflix had a return on equity of 24.75% and a net margin of 7.61%. The business had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.50 billion. During the same period in the prior year, the business posted $0.64 earnings per share. Netflix’s revenue was up 22.2% compared to the same quarter last year. On average, analysts predict that Netflix will post 3.34 earnings per share for the current year.
Netflix Company Profile
Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.
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