Netflix's (NFLX) Sell Rating Reaffirmed at Benchmark

Benchmark reissued their sell rating on shares of Netflix (NASDAQ:NFLX - Free Report) in a report published on Thursday, Benzinga reports. Benchmark currently has a $440.00 price objective on the Internet television network's stock.

Several other equities analysts have also issued reports on the stock. Wedbush boosted their price target on shares of Netflix from $615.00 to $725.00 and gave the company an outperform rating in a report on Wednesday, March 27th. Wells Fargo & Company boosted their price objective on shares of Netflix from $460.00 to $650.00 and gave the company an overweight rating in a research report on Wednesday, January 24th. UBS Group boosted their price objective on shares of Netflix from $570.00 to $685.00 and gave the company a buy rating in a research report on Tuesday, February 27th. Citigroup boosted their price objective on shares of Netflix from $555.00 to $660.00 and gave the company a neutral rating in a research report on Monday, March 25th. Finally, StockNews.com raised shares of Netflix from a hold rating to a buy rating in a research report on Monday, February 26th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $614.75.

Netflix Price Performance

Shares of Netflix stock traded down $3.13 during midday trading on Thursday, reaching $610.56. The company had a trading volume of 8,292,291 shares, compared to its average volume of 4,290,592. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $264.23 billion, a price-to-earnings ratio of 51.53, a price-to-earnings-growth ratio of 1.67 and a beta of 1.22. The stock has a fifty day simple moving average of $604.73 and a 200 day simple moving average of $511.17. Netflix has a 1-year low of $315.62 and a 1-year high of $639.00.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating analysts' consensus estimates of $4.51 by $0.77. Netflix had a net margin of 16.04% and a return on equity of 24.76%. The business had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. During the same quarter last year, the business posted $2.88 earnings per share. Netflix's revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, equities research analysts forecast that Netflix will post 17.05 earnings per share for the current year.

Insider Transactions at Netflix

In related news, Director Ann Mather sold 3,673 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total value of $2,203,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Ann Mather sold 3,673 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total value of $2,203,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Theodore A. Sarandos sold 68,957 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the completion of the transaction, the chief executive officer now directly owns 1,278 shares of the company's stock, valued at approximately $717,379.74. The disclosure for this sale can be found here. In the last 90 days, insiders sold 268,335 shares of company stock valued at $151,619,811. Company insiders own 2.45% of the company's stock.

Hedge Funds Weigh In On Netflix

Large investors have recently modified their holdings of the business. Indiana Trust & Investment Management CO raised its stake in shares of Netflix by 112.0% during the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network's stock valued at $32,000 after acquiring an additional 28 shares during the last quarter. VitalStone Financial LLC raised its stake in shares of Netflix by 933.3% during the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network's stock valued at $30,000 after acquiring an additional 56 shares during the last quarter. Scarborough Advisors LLC bought a new position in shares of Netflix during the fourth quarter valued at $32,000. Aspect Partners LLC bought a new position in shares of Netflix during the fourth quarter valued at $32,000. Finally, Authentikos Wealth Advisory LLC bought a new position in shares of Netflix during the third quarter valued at $25,000. Institutional investors 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.