Netflix (NASDAQ:NFLX) Given Hold Rating at KeyCorp

Netflix (NASDAQ:NFLX)‘s stock had its “hold” rating reissued by investment analysts at KeyCorp in a research note issued on Monday, Stock Target Advisor reports.

Other research analysts have also recently issued research reports about the stock. Guggenheim decreased their price objective on shares of Netflix from $420.00 to $400.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Zacks Investment Research lowered shares of Netflix from a “hold” rating to a “sell” rating and set a $295.00 target price on the stock. in a report on Friday, October 11th. Pivotal Research reduced their price target on shares of Netflix from $515.00 to $350.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Cowen reduced their price target on shares of Netflix from $435.00 to $415.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Finally, Raymond James decreased their price target on shares of Netflix from $450.00 to $415.00 and set a “strong-buy” rating for the company in a report on Monday, October 14th. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $364.72.

NASDAQ:NFLX opened at $306.16 on Monday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.81. Netflix has a 1-year low of $231.23 and a 1-year high of $385.99. The firm has a market capitalization of $134.05 billion, a price-to-earnings ratio of 114.24, a PEG ratio of 3.13 and a beta of 1.30. The business’s 50-day moving average price is $293.08 and its two-hundred day moving average price is $315.26.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Wednesday, October 16th. The Internet television network reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.42. The company had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.25 billion. Netflix had a return on equity of 23.65% and a net margin of 7.49%. Netflix’s revenue was up 31.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 EPS. Sell-side analysts predict that Netflix will post 3.35 earnings per share for the current year.

In related news, CEO Reed Hastings sold 40,061 shares of Netflix stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $275.64, for a total value of $11,042,414.04. Following the sale, the chief executive officer now owns 40,061 shares of the company’s stock, valued at approximately $11,042,414.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have sold 137,949 shares of company stock valued at $39,615,261. 3.72% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in NFLX. Winthrop Partners WNY LLC boosted its holdings in Netflix by 64.9% during the third quarter. Winthrop Partners WNY LLC now owns 94 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 37 shares during the last quarter. 1 North Wealth Services LLC acquired a new stake in Netflix in the 3rd quarter valued at $25,000. Intercontinental Wealth Advisors LLC lifted its position in Netflix by 100.0% during the 3rd quarter. Intercontinental Wealth Advisors LLC now owns 96 shares of the Internet television network’s stock worth $26,000 after buying an additional 48 shares in the last quarter. Fulcrum Equity Management bought a new stake in Netflix during the 3rd quarter worth about $27,000. Finally, Nelson Roberts Investment Advisors LLC boosted its stake in shares of Netflix by 600.0% during the 2nd quarter. Nelson Roberts Investment Advisors LLC now owns 84 shares of the Internet television network’s stock worth $31,000 after buying an additional 72 shares during the last quarter. 80.83% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Netflix (NASDAQ:NFLX)

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