Netflix (NASDAQ:NFLX) Stock Rating Lowered by StockNews.com

Netflix (NASDAQ:NFLX) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Several other equities analysts have also issued reports on NFLX. Benchmark upped their target price on Netflix from $450.00 to $545.00 and gave the company a “sell” rating in a report on Tuesday, July 16th. Oppenheimer reaffirmed an “outperform” rating and issued a $725.00 target price on shares of Netflix in a report on Tuesday, July 30th. UBS Group upped their target price on Netflix from $685.00 to $750.00 and gave the company a “buy” rating in a report on Friday, July 19th. Citigroup increased their price objective on Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Finally, Needham & Company LLC restated a “buy” rating and set a $700.00 target price on shares of Netflix in a research report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $685.29.

Netflix Stock Performance

Shares of NFLX opened at $665.77 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a 50 day moving average price of $659.89 and a two-hundred day moving average price of $633.82. The firm has a market capitalization of $286.95 billion, a P/E ratio of 46.20, a P/E/G ratio of 1.44 and a beta of 1.27. Netflix has a 52 week low of $344.73 and a 52 week high of $711.33.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.74 by $0.14. The company had revenue of $9.56 billion during 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%. Netflix’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.29 earnings per share. Equities analysts forecast that Netflix will post 19.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 433 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $626.19, for a total transaction of $271,140.27. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Spencer Adam Neumann sold 433 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $626.19, for a total value of $271,140.27. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at $19,128,159.30. The disclosure for this sale can be found here. Insiders have sold 157,831 shares of company stock worth $102,721,884 over the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Institutional Trading of Netflix

Large investors have recently modified their holdings of the business. Denver PWM LLC bought a new stake in shares of Netflix in the second quarter worth about $25,000. Valued Wealth Advisors LLC boosted its position in Netflix by 80.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after acquiring an additional 20 shares in the last quarter. VitalStone Financial LLC boosted its position in Netflix by 933.3% during the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after acquiring an additional 56 shares in the last quarter. Beaird Harris Wealth Management LLC boosted its position in Netflix by 1,550.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 62 shares in the last quarter. Finally, Scarborough Advisors LLC bought a new stake in Netflix during the 4th quarter valued at approximately $32,000. 80.93% of the stock is owned by institutional investors.

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.