Netflix, Inc. (NASDAQ:NFLX) Receives $685.29 Average PT from Brokerages

Netflix, Inc. (NASDAQ:NFLX) has earned a consensus recommendation of “Moderate Buy” from the thirty-six analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and twenty-three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $685.29.

A number of research analysts have recently commented on NFLX shares. StockNews.com cut Netflix from a “buy” rating to a “hold” rating in a research report on Saturday. Guggenheim raised their price target on Netflix from $700.00 to $735.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $700.00 price target on shares of Netflix in a report on Friday, July 19th. Piper Sandler increased their price objective on Netflix from $600.00 to $650.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Finally, Bank of America increased their price objective on Netflix from $700.00 to $740.00 and gave the company a “buy” rating in a research report on Monday, July 15th.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 4,783 shares of Netflix stock in a transaction on Friday, June 14th. The stock was sold at an average price of $675.00, for a total value of $3,228,525.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $8,835,750. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Gregory K. Peters sold 4,783 shares of Netflix stock in a transaction on Friday, June 14th. The stock was sold at an average price of $675.00, for a total value of $3,228,525.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,835,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Reed Hastings sold 25,074 shares of Netflix stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $680.92, for a total value of $17,073,388.08. Following the completion of the sale, the chairman now directly owns 85 shares of the company’s stock, valued at approximately $57,878.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 157,831 shares of company stock worth $102,721,884. 1.76% of the stock is owned by insiders.

Institutional Trading of Netflix

Several hedge funds have recently bought and sold shares of the stock. Precision Wealth Strategies LLC lifted its position in shares of Netflix by 3.5% in the fourth quarter. Precision Wealth Strategies LLC now owns 2,444 shares of the Internet television network’s stock valued at $1,190,000 after acquiring an additional 83 shares in the last quarter. Gilbert & Cook Inc. lifted its stake in shares of Netflix by 5.9% in the 4th quarter. Gilbert & Cook Inc. now owns 2,177 shares of the Internet television network’s stock valued at $1,060,000 after purchasing an additional 121 shares during the last quarter. Aveo Capital Partners LLC lifted its stake in shares of Netflix by 6.9% in the 4th quarter. Aveo Capital Partners LLC now owns 667 shares of the Internet television network’s stock valued at $325,000 after purchasing an additional 43 shares during the last quarter. Simmons Bank bought a new stake in shares of Netflix in the 4th quarter valued at approximately $204,000. Finally, Gryphon Financial Partners LLC lifted its stake in shares of Netflix by 20.4% in the 4th quarter. Gryphon Financial Partners LLC now owns 3,971 shares of the Internet television network’s stock valued at $1,933,000 after purchasing an additional 674 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Trading Down 2.6 %

Shares of Netflix stock opened at $665.77 on Friday. The stock has a fifty day simple moving average of $659.89 and a 200 day simple moving average of $634.66. Netflix has a 12-month low of $344.73 and a 12-month high of $711.33. The company has a market capitalization of $286.95 billion, a P/E ratio of 46.20, a price-to-earnings-growth 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 announced its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.14. The business had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. Netflix’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.29 earnings per share. On average, sell-side analysts anticipate that Netflix will post 19.08 earnings per share for the current fiscal 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.