Netflix (NASDAQ:NFLX) Given Neutral Rating at Rosenblatt Securities

Rosenblatt Securities reiterated their neutral rating on shares of Netflix (NASDAQ:NFLX) in a research report released on Friday morning, Benzinga reports. Rosenblatt Securities currently has a $635.00 target price on the Internet television network’s stock.

Several other equities research analysts have also recently commented on the stock. The Goldman Sachs Group lifted their price target on shares of Netflix from $650.00 to $659.00 and gave the stock a neutral rating in a research report on Friday, July 19th. KeyCorp lifted their price target on shares of Netflix from $707.00 to $735.00 and gave the stock an overweight rating in a research report on Wednesday, July 10th. Piper Sandler lifted their price target on shares of Netflix from $600.00 to $650.00 and gave the stock a neutral rating in a research report on Friday, July 19th. Sanford C. Bernstein lifted their price target on shares of Netflix from $600.00 to $625.00 and gave the stock a market perform rating in a research report on Friday, July 19th. Finally, Evercore ISI lifted their price target on shares of Netflix from $710.00 to $750.00 and gave the stock an outperform rating in a research report on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat, Netflix presently has a consensus rating of Moderate Buy and a consensus price target of $685.29.

Netflix Trading Down 0.5 %

NFLX opened at $701.03 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $302.14 billion, a PE ratio of 48.65, a PEG ratio of 1.40 and a beta of 1.26. Netflix has a 1-year low of $344.73 and a 1-year high of $715.66. The firm has a 50-day moving average price of $663.00 and a two-hundred day moving average price of $640.55.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.14. The firm had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the company posted $3.29 EPS. As a group, equities analysts anticipate that Netflix will post 19.08 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In related news, Director Leslie J. Kilgore sold 428 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $715.00, for a total transaction of $306,020.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Jay C. Hoag sold 43,750 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $687.07, for a total transaction of $30,059,312.50. Following the transaction, the director now directly owns 95,040 shares in the company, valued at $65,299,132.80. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Leslie J. Kilgore sold 428 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $715.00, for a total transaction of $306,020.00. The disclosure for this sale can be found here. Insiders have sold a total of 197,226 shares of company stock valued at $129,858,692 over the last 90 days. 1.76% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Netflix

Several institutional investors and hedge funds have recently modified their holdings of NFLX. Precision Wealth Strategies LLC lifted its position in Netflix by 3.5% during the fourth quarter. Precision Wealth Strategies LLC now owns 2,444 shares of the Internet television network’s stock worth $1,190,000 after acquiring an additional 83 shares during the last quarter. Gilbert & Cook Inc. grew its position in shares of Netflix by 5.9% in the fourth 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 grew its position in shares of Netflix by 6.9% in the fourth 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. Gryphon Financial Partners LLC grew its position in shares of Netflix by 20.4% in the fourth 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. Finally, Quest Partners LLC acquired a new position in shares of Netflix in the fourth quarter valued at approximately $370,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

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.