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

Shares of Netflix, Inc. (NASDAQ:NFLX) have earned an average recommendation of “Moderate Buy” from the thirty-five analysts that are currently covering the company, MarketBeat reports. Nine equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $1,021.70.

Several research firms have commented on NFLX. The Goldman Sachs Group boosted their target price on Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Piper Sandler restated an “overweight” rating and set a $1,100.00 target price (up previously from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Loop Capital lifted their price target on shares of Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Citigroup increased their price objective on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Finally, Sanford C. Bernstein raised Netflix from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $975.00 to $1,200.00 in a research report on Friday, January 24th.

Insider Buying and Selling

In related news, insider David A. Hyman sold 424 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $994.63, for a total transaction of $421,723.12. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at $31,440,254.30. This trade represents a 1.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Insiders sold a total of 298,870 shares of company stock worth $285,287,314 in the last ninety days. 1.76% of the stock is owned by insiders.

Institutional Trading of Netflix

Hedge funds have recently made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its position in Netflix by 14.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 14,074 shares of the Internet television network’s stock worth $12,545,000 after buying an additional 1,758 shares during the period. Warwick Investment Management Inc. grew its stake in shares of Netflix by 3.5% in the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network’s stock worth $266,000 after purchasing an additional 10 shares during the last quarter. Summit X LLC increased its holdings in Netflix by 5.7% in the fourth quarter. Summit X LLC now owns 710 shares of the Internet television network’s stock valued at $632,000 after purchasing an additional 38 shares during the period. Warburton Capital Management LLC bought a new position in Netflix during the 4th quarter worth $207,000. Finally, Natural Investments LLC acquired a new position in Netflix during the 4th quarter worth about $1,357,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Trading Down 0.2 %

Shares of NASDAQ:NFLX opened at $1,013.93 on Monday. The firm has a market cap of $433.72 billion, a price-to-earnings ratio of 51.13, a PEG ratio of 2.11 and a beta of 1.27. Netflix has a 12 month low of $542.01 and a 12 month high of $1,027.76. The company’s fifty day simple moving average is $917.36 and its 200 day simple moving average is $791.20. 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) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company’s revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.11 EPS. As a group, research analysts forecast that Netflix will post 24.58 EPS for the current fiscal year.

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.