Netflix (NFLX) Receives Average Recommendation of “Buy” from Analysts

Shares of Netflix (NASDAQ:NFLX) have been assigned an average recommendation of “Buy” from the fifty-three research firms that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $257.56.

Several analysts have issued reports on NFLX shares. Loop Capital upped their price target on shares of Netflix from $237.00 to $241.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Vetr lowered shares of Netflix from a “strong-buy” rating to a “buy” rating and set a $208.27 price target on the stock. in a research report on Tuesday, December 26th. Zacks Investment Research raised shares of Netflix from a “hold” rating to a “buy” rating and set a $213.00 price target on the stock in a research report on Tuesday, December 19th. Monness Crespi & Hardt started coverage on shares of Netflix in a research report on Monday, December 4th. They set a “buy” rating and a $250.00 price target on the stock. Finally, Piper Jaffray reaffirmed a “buy” rating and set a $240.00 price target on shares of Netflix in a research report on Monday, January 8th.

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In other news, CEO Reed Hastings sold 75,369 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $225.52, for a total value of $16,997,216.88. Following the sale, the chief executive officer now directly owns 75,369 shares in the company, valued at approximately $16,997,216.88. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Theodore A. Sarandos sold 163,747 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $262.91, for a total transaction of $43,050,723.77. Following the completion of the sale, the insider now owns 23,953 shares in the company, valued at $6,297,483.23. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 454,899 shares of company stock worth $122,453,300. 4.90% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of Netflix by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 4,400,513 shares of the Internet television network’s stock valued at $842,878,000 after purchasing an additional 143,321 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Netflix by 4.4% in the 4th quarter. Bank of New York Mellon Corp now owns 3,798,067 shares of the Internet television network’s stock valued at $729,077,000 after purchasing an additional 159,750 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Netflix by 9.7% in the 4th quarter. First Trust Advisors LP now owns 1,979,971 shares of the Internet television network’s stock valued at $380,075,000 after purchasing an additional 174,630 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Netflix by 22.5% in the 4th quarter. Wells Fargo & Company MN now owns 1,934,754 shares of the Internet television network’s stock valued at $371,396,000 after purchasing an additional 354,801 shares in the last quarter. Finally, Tybourne Capital Management HK Ltd. boosted its stake in shares of Netflix by 43.4% in the 4th quarter. Tybourne Capital Management HK Ltd. now owns 1,673,200 shares of the Internet television network’s stock valued at $321,187,000 after purchasing an additional 506,700 shares in the last quarter. Institutional investors own 81.62% of the company’s stock.

NASDAQ NFLX opened at $295.35 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.40 and a current ratio of 1.40. Netflix has a 1 year low of $138.66 and a 1 year high of $333.98. The firm has a market cap of $128,166.55, a price-to-earnings ratio of 236.28, a PEG ratio of 4.05 and a beta of 0.96.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The firm had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same period in the prior year, the firm posted $0.15 earnings per share. The company’s quarterly revenue was up 32.6% compared to the same quarter last year. equities research analysts anticipate that Netflix will post 2.73 EPS for the current year.

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Netflix Company Profile

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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