Netflix (NASDAQ:NFLX) has been given a consensus recommendation of “Buy” by the fifty-four analysts that are currently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, sixteen have given a hold recommendation, thirty-one have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $295.42.
Several equities research analysts recently weighed in on NFLX shares. Vetr raised Netflix from a “sell” rating to a “hold” rating and set a $300.12 price objective for the company in a report on Friday, March 23rd. Zacks Investment Research raised Netflix from a “hold” rating to a “buy” rating and set a $329.00 price objective for the company in a report on Friday, April 6th. Credit Suisse Group set a $224.00 price objective on Netflix and gave the stock a “neutral” rating in a report on Monday, January 8th. Bank of America lifted their price objective on Netflix from $300.00 to $347.00 and gave the stock a “buy” rating in a report on Tuesday, April 17th. Finally, Wedbush reissued an “underperform” rating and issued a $110.00 price objective (up previously from $93.00) on shares of Netflix in a report on Tuesday, January 23rd.
In other Netflix news, Director Leslie J. Kilgore sold 630 shares of Netflix stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $279.00, for a total value of $175,770.00. Following the transaction, the director now directly owns 35,826 shares of the company’s stock, valued at approximately $9,995,454. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gregory K. Peters sold 9,618 shares of Netflix stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $325.00, for a total value of $3,125,850.00. The disclosure for this sale can be found here. Insiders sold a total of 432,176 shares of company stock worth $124,756,383 over the last ninety days. Insiders own 4.90% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its stake in Netflix by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 4,400,513 shares of the Internet television network’s stock worth $842,878,000 after purchasing an additional 143,321 shares during the period. Bank of New York Mellon Corp increased its stake in Netflix by 4.4% in the 4th quarter. Bank of New York Mellon Corp now owns 3,798,067 shares of the Internet television network’s stock worth $729,077,000 after purchasing an additional 159,750 shares during the period. First Trust Advisors LP increased its stake in Netflix by 9.7% in the 4th quarter. First Trust Advisors LP now owns 1,979,971 shares of the Internet television network’s stock worth $380,075,000 after purchasing an additional 174,630 shares during the period. Wells Fargo & Company MN increased its stake in Netflix by 22.5% in the 4th quarter. Wells Fargo & Company MN now owns 1,934,754 shares of the Internet television network’s stock worth $371,396,000 after purchasing an additional 354,801 shares during the period. Finally, Tybourne Capital Management HK Ltd. increased its stake in Netflix by 43.4% in the 4th quarter. Tybourne Capital Management HK Ltd. now owns 1,673,200 shares of the Internet television network’s stock worth $321,187,000 after purchasing an additional 506,700 shares during the period. 81.83% of the stock is currently owned by institutional investors and hedge funds.
Shares of NFLX opened at $305.76 on Thursday. Netflix has a fifty-two week low of $144.25 and a fifty-two week high of $338.82. The stock has a market capitalization of $138,520.94, a P/E ratio of 244.61, a PEG ratio of 4.15 and a beta of 0.99. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.63.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, April 16th. The Internet television network reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.01. Netflix had a return on equity of 19.11% and a net margin of 5.26%. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter last year, the firm posted $0.40 EPS. The firm’s revenue for the quarter was up 40.3% on a year-over-year basis. sell-side analysts expect that Netflix will post 2.88 earnings per share for the current year.
COPYRIGHT VIOLATION NOTICE: “Netflix (NFLX) Given Average Recommendation of “Buy” by Analysts” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this article on another publication, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2018/04/26/netflix-nflx-given-average-recommendation-of-buy-by-analysts.html.
Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.
Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.