Netflix, Inc. (NASDAQ:NFLX) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Netflix, Inc. (NASDAQ:NFLX - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the thirty-seven ratings firms that are covering the stock, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $1,149.91.

A number of research analysts have recently weighed in on NFLX shares. Oppenheimer restated an "outperform" rating and set a $1,200.00 price objective (up previously from $1,150.00) on shares of Netflix in a research report on Friday, April 18th. Canaccord Genuity Group raised their price objective on Netflix from $1,200.00 to $1,380.00 and gave the company a "buy" rating in a research report on Friday, May 16th. UBS Group raised their price objective on Netflix from $1,150.00 to $1,450.00 and gave the company a "buy" rating in a research report on Wednesday. Bank of America raised their price objective on Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Finally, Macquarie boosted their price objective on Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research note on Monday, April 21st.

Netflix Price Performance

Shares of Netflix stock opened at $1,241.47 on Friday. Netflix has a one year low of $587.04 and a one year high of $1,262.81. The stock's fifty day moving average is $1,087.80 and its 200 day moving average is $988.53. The stock has a market cap of $528.33 billion, a P/E ratio of 62.61, a P/E/G ratio of 2.12 and a beta of 1.59. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same period last year, the firm earned $8.28 EPS. Sell-side analysts anticipate that Netflix will post 24.58 earnings per share for the current year.

Insider Transactions at Netflix

In related news, Director Ann Mather sold 1,090 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $1,250.00, for a total value of $1,362,500.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Bradford L. Smith sold 3,919 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $1,124.26, for a total transaction of $4,405,974.94. Following the completion of the transaction, the director now directly owns 7,969 shares in the company, valued at $8,959,227.94. This represents a 32.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 153,390 shares of company stock valued at $170,509,439 in the last ninety days. 1.37% of the stock is currently owned by corporate insiders.

Institutional Trading of Netflix

A number of hedge funds have recently bought and sold shares of the business. Halbert Hargrove Global Advisors LLC increased its holdings in shares of Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after buying an additional 13 shares during the last quarter. Pathway Financial Advisers LLC increased its holdings in shares of Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after buying an additional 14 shares during the last quarter. Brown Shipley& Co Ltd acquired a new stake in shares of Netflix during the 4th quarter worth approximately $27,000. Transce3nd LLC acquired a new stake in shares of Netflix during the 4th quarter worth approximately $32,000. Finally, Pineridge Advisors LLC increased its holdings in shares of Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after buying an additional 40 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Company Profile

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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