Netflix’s (NFLX) Neutral Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities reiterated their neutral rating on shares of Netflix (NASDAQ:NFLX) in a report published on Thursday morning,Benzinga reports. They currently have a $680.00 target price on the Internet television network’s stock.

A number of other equities research analysts have also recently weighed in on NFLX. Pivotal Research upped their price target on Netflix from $925.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Benchmark upped their target price on Netflix from $555.00 to $720.00 and gave the company a “sell” rating in a report on Friday, January 3rd. Sanford C. Bernstein raised their price target on Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Oppenheimer decreased their price objective on shares of Netflix from $1,065.00 to $1,040.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Citigroup raised their target price on shares of Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $845.06.

Netflix Trading Down 0.7 %

NASDAQ:NFLX opened at $842.37 on Thursday. The stock has a market capitalization of $360.08 billion, a price-to-earnings ratio of 47.67, a PEG ratio of 1.35 and a beta of 1.27. Netflix has a 1 year low of $475.26 and a 1 year high of $941.75. The stock has a fifty day moving average price of $882.41 and a two-hundred day moving average price of $756.61. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13.

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

Insider Transactions at Netflix

In other Netflix news, Chairman Reed Hastings sold 48,363 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the sale, the chairman now directly owns 114 shares in the company, valued at $102,212.40. This represents a 99.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction dated 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 completion of the transaction, the director now directly owns 246 shares in the company, valued at $216,327.48. This represents a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 152,198 shares of company stock worth $127,616,898 in the last ninety days. Insiders own 1.76% of the company’s stock.

Institutional Investors Weigh In On Netflix

Large investors have recently made changes to their positions in the business. RPg Family Wealth Advisory LLC acquired a new position in shares of Netflix during the 3rd quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after purchasing an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new position in Netflix in the third quarter valued at about $37,000. FSA Wealth Management LLC acquired a new position in shares of Netflix during the third quarter worth about $38,000. Finally, First Personal Financial Services purchased a new stake in shares of Netflix in the third quarter worth about $40,000. Institutional investors and hedge funds 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.