Shares of Netflix, Inc. (NASDAQ:NFLX - Get Free Report) have been assigned an average rating of "Moderate Buy" from the thirty-five ratings firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-four have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $753.45.
A number of equities research analysts have commented on NFLX shares. StockNews.com upgraded Netflix from a "hold" rating to a "buy" rating in a research report on Tuesday, September 24th. Wolfe Research reiterated an "outperform" rating on shares of Netflix in a report on Friday, October 18th. Benchmark restated a "sell" rating and set a $545.00 price target on shares of Netflix in a report on Tuesday, October 15th. Needham & Company LLC upped their price objective on shares of Netflix from $700.00 to $800.00 and gave the company a "buy" rating in a research note on Friday, October 18th. Finally, Jefferies Financial Group increased their price objective on shares of Netflix from $780.00 to $800.00 and gave the stock a "buy" rating in a research report on Friday, October 18th.
Check Out Our Latest Analysis on Netflix
In related news, Director Timothy M. Haley sold 647 shares of the business's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $800.19, for a total value of $517,722.93. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David A. Hyman sold 267 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the transaction, the insider now owns 31,610 shares of the company's stock, valued at approximately $24,202,828.70. The trade was a 0.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 185,277 shares of company stock valued at $132,875,601 in the last three months. 1.76% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in the company. McIlrath & Eck LLC increased its holdings in Netflix by 13.8% during the 3rd quarter. McIlrath & Eck LLC now owns 247 shares of the Internet television network's stock worth $175,000 after acquiring an additional 30 shares during the period. M&T Bank Corp increased its holdings in shares of 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 purchasing an additional 1,684 shares during the period. Hohimer Wealth Management LLC raised its position in shares of Netflix by 3.6% in the third quarter. Hohimer Wealth Management LLC now owns 1,542 shares of the Internet television network's stock worth $1,094,000 after buying an additional 54 shares in the last quarter. Rehmann Capital Advisory Group boosted its stake in Netflix by 4.7% during the third quarter. Rehmann Capital Advisory Group now owns 2,743 shares of the Internet television network's stock valued at $1,946,000 after buying an additional 123 shares during the period. Finally, TD Private Client Wealth LLC increased its stake in Netflix by 3.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 3,921 shares of the Internet television network's stock worth $2,781,000 after acquiring an additional 121 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.
Shares of NASDAQ NFLX opened at $871.32 on Wednesday. The company has a 50 day simple moving average of $743.15 and a 200 day simple moving average of $685.41. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. Netflix has a 1 year low of $445.73 and a 1 year high of $874.49. The firm has a market cap of $372.45 billion, a PE ratio of 49.31, a price-to-earnings-growth ratio of 1.59 and a beta of 1.25.
Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) 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 firm had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. On average, research analysts forecast that Netflix will post 19.78 EPS for the current year.
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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