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

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the thirty-seven ratings firms that are currently covering the company, Marketbeat.com reports. Nine analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $1,084.91.

Several equities analysts have weighed in on NFLX shares. Pivotal Research lifted their target price on Netflix from $1,250.00 to $1,350.00 and gave the company a "buy" rating in a research report on Monday, April 21st. JPMorgan Chase & Co. upped their price target on Netflix from $1,025.00 to $1,150.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Guggenheim reiterated a "buy" rating and issued a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. FBN Securities initiated coverage on Netflix in a research note on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price objective for the company. Finally, KeyCorp upped their price target on Netflix from $1,000.00 to $1,070.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st.

Insider Activity at Netflix

In other news, Director Bradford L. Smith sold 3,919 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $1,124.26, for a total value of $4,405,974.94. Following the transaction, the director now directly owns 7,969 shares in the company, valued at $8,959,227.94. This trade represents a 32.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jay C. Hoag sold 32,515 shares of the firm's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the completion of the transaction, the director now owns 79,040 shares in the company, valued at approximately $87,099,708.80. This trade represents a 29.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 132,868 shares of company stock valued at $138,483,256 over the last quarter. Insiders own 1.76% of the company's stock.

Hedge Funds Weigh In On Netflix

A number of large investors have recently modified their holdings of NFLX. Halbert Hargrove Global Advisors LLC raised 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 valued at $25,000 after buying an additional 13 shares during the period. Pathway Financial Advisers LLC grew its position in shares of Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after acquiring an additional 14 shares in the last quarter. Brown Shipley& Co Ltd acquired a new position in Netflix during the 4th quarter valued at approximately $27,000. Transce3nd LLC acquired a new position in Netflix during the 4th quarter valued at approximately $32,000. Finally, Newton One Investments LLC acquired a new position in Netflix during the 4th quarter valued at approximately $34,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Up 2.6%

NASDAQ NFLX opened at $1,138.44 on Wednesday. The firm has a market cap of $484.49 billion, a PE ratio of 57.41, a P/E/G ratio of 2.12 and a beta of 1.58. Netflix has a 52 week low of $587.04 and a 52 week high of $1,164.00. The business's fifty day simple moving average is $991.99 and its 200-day simple moving average is $938.19. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.74 by $0.87. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period in the previous year, the firm earned $8.28 EPS. As a group, equities analysts anticipate that Netflix will post 24.58 earnings per share for the current year.

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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