Netflix (NASDAQ:NFLX) Upgraded at StockNews.com

StockNews.com upgraded shares of Netflix (NASDAQ:NFLX) from a hold rating to a buy rating in a research report released on Tuesday.

Other equities analysts also recently issued research reports about the stock. Redburn Atlantic lifted their target price on shares of Netflix from $740.00 to $760.00 and gave the stock a buy rating in a research note on Friday, July 19th. Citigroup boosted their price objective on Netflix from $660.00 to $675.00 and gave the company a neutral rating in a research note on Monday, July 22nd. Argus raised their target price on Netflix from $660.00 to $767.00 and gave the stock a buy rating in a research note on Tuesday, July 2nd. Morgan Stanley boosted their price target on Netflix from $700.00 to $780.00 and gave the company an overweight rating in a research note on Monday, July 15th. Finally, Bank of America raised their price objective on shares of Netflix from $700.00 to $740.00 and gave the stock a buy rating in a research report on Monday, July 15th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix has a consensus rating of Moderate Buy and an average target price of $685.29.

Netflix Stock Down 1.4 %

Shares of NFLX opened at $711.43 on Tuesday. The stock’s 50-day moving average price is $666.77 and its two-hundred day moving average price is $643.21. Netflix has a 12 month low of $344.73 and a 12 month high of $725.26. The company has a market capitalization of $306.63 billion, a PE ratio of 49.37, a PEG ratio of 1.44 and a beta of 1.26. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. The company had revenue of $9.56 billion for the quarter, compared to analyst estimates of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The firm’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.29 earnings per share. On average, analysts anticipate that Netflix will post 19.08 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Gregory K. Peters sold 4,392 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $725.00, for a total value of $3,184,200.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $9,490,250. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Gregory K. Peters sold 4,392 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total transaction of $3,184,200.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares in the company, valued at $9,490,250. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Reed Hastings sold 22,526 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $670.49, for a total transaction of $15,103,457.74. Following the sale, the chairman now owns 57 shares of the company’s stock, valued at approximately $38,217.93. The disclosure for this sale can be found here. Insiders have sold a total of 202,020 shares of company stock valued at $133,334,342 in the last 90 days. 1.76% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Netflix

Hedge funds have recently modified their holdings of the stock. Denver PWM LLC bought a new stake in shares of Netflix in the second quarter valued at $25,000. Valued Wealth Advisors LLC increased its holdings in Netflix by 80.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 20 shares during the last quarter. Proffitt & Goodson Inc. raised its stake in Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 38 shares during the period. AlphaMark Advisors LLC lifted its holdings in Netflix by 642.9% during the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after purchasing an additional 45 shares during the last quarter. Finally, Indiana Trust & Investment Management CO boosted its position in Netflix by 112.0% during the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 28 shares during the period. 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.