Netflix, Inc. (NFLX) Given Average Rating of “Buy” by Analysts

Shares of Netflix, Inc. (NASDAQ:NFLX) have been assigned a consensus recommendation of “Buy” from the fifty-three analysts that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, thirty-five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $241.03.

Several analysts have weighed in on the stock. MKM Partners upped their price objective on shares of Netflix from $245.00 to $320.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. BidaskClub raised shares of Netflix from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 31st. Vetr cut shares of Netflix from a “buy” rating to a “hold” rating and set a $266.45 price objective on the stock. in a research note on Tuesday. UBS Group set a $290.00 price objective on shares of Netflix and gave the stock a “buy” rating in a research note on Thursday, January 25th. Finally, Robert W. Baird upped their price objective on shares of Netflix from $190.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th.

In related news, insider Theodore A. Sarandos sold 163,747 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $262.91, for a total value of $43,050,723.77. Following the completion of the transaction, the insider now owns 23,953 shares of the company’s stock, valued at $6,297,483.23. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 350 shares of the firm’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $185.71, for a total transaction of $64,998.50. Following the completion of the transaction, the director now directly owns 7,171 shares of the company’s stock, valued at approximately $1,331,726.41. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 460,885 shares of company stock worth $105,354,747. 4.90% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. First Republic Investment Management Inc. grew its position in Netflix by 5.5% in the fourth quarter. First Republic Investment Management Inc. now owns 86,761 shares of the Internet television network’s stock valued at $16,654,000 after purchasing an additional 4,512 shares in the last quarter. Suntrust Banks Inc. grew its position in Netflix by 11.2% in the fourth quarter. Suntrust Banks Inc. now owns 29,628 shares of the Internet television network’s stock valued at $5,686,000 after purchasing an additional 2,993 shares in the last quarter. Alpha Cubed Investments LLC grew its position in Netflix by 12.6% in the fourth quarter. Alpha Cubed Investments LLC now owns 44,793 shares of the Internet television network’s stock valued at $8,598,000 after purchasing an additional 5,028 shares in the last quarter. Dynamic Advisors Solutions LLC grew its position in Netflix by 12.3% in the fourth quarter. Dynamic Advisors Solutions LLC now owns 3,448 shares of the Internet television network’s stock valued at $662,000 after purchasing an additional 378 shares in the last quarter. Finally, Baird Financial Group Inc. grew its position in Netflix by 25.6% in the fourth quarter. Baird Financial Group Inc. now owns 6,556 shares of the Internet television network’s stock valued at $1,258,000 after purchasing an additional 1,338 shares in the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Netflix (NASDAQ:NFLX) opened at $249.47 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market cap of $107,950.00, a PE ratio of 199.58, a P/E/G ratio of 3.69 and a beta of 1.04. Netflix has a 52-week low of $138.26 and a 52-week high of $286.81.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, January 22nd. The Internet television network reported $0.41 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. The firm had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The company’s quarterly revenue was up 32.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 earnings per share. analysts expect that Netflix will post 2.69 EPS for the current fiscal year.

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Netflix Company Profile

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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