Netflix (NASDAQ:NFLX) Stock Rating Reaffirmed by Benchmark

Benchmark reaffirmed their sell rating on shares of Netflix (NASDAQ:NFLX) in a research note published on Tuesday morning, Benzinga reports. They currently have a $545.00 price target on the Internet television network’s stock.

Other equities analysts have also recently issued reports about the company. Citigroup lifted their target price on Netflix from $660.00 to $675.00 and gave the stock a neutral rating in a report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft lifted their target price on Netflix from $590.00 to $650.00 and gave the stock a hold rating in a report on Wednesday, October 9th. Sanford C. Bernstein lifted their target price on Netflix from $600.00 to $625.00 and gave the stock a market perform rating in a report on Friday, July 19th. Morgan Stanley lifted their target price on Netflix from $780.00 to $820.00 and gave the stock an overweight rating in a report on Thursday, October 10th. Finally, Redburn Atlantic lifted their price target on Netflix from $740.00 to $760.00 and gave the company a buy rating in a report on Friday, July 19th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $702.79.

Netflix Stock Down 1.0 %

NFLX opened at $705.98 on Tuesday. Netflix has a one year low of $344.73 and a one year high of $736.00. 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’s fifty day moving average is $690.82 and its 200-day moving average is $653.04. The company has a market capitalization of $304.28 billion, a PE ratio of 48.99, a P/E/G ratio of 1.49 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. The business had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The company’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the firm posted $3.29 EPS. On average, equities analysts predict that Netflix will post 19.08 EPS for the current fiscal year.

Insider Transactions at Netflix

In related news, CFO Spencer Adam Neumann sold 433 shares of the stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Spencer Adam Neumann sold 433 shares of the stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David A. Hyman sold 20,656 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 225,167 shares of company stock worth $150,492,460. 1.76% of the stock is owned by corporate insiders.

Institutional Trading of Netflix

Several hedge funds have recently added to or reduced their stakes in NFLX. Denver PWM LLC bought a new stake in shares of Netflix in the 2nd quarter worth approximately $25,000. Valued Wealth Advisors LLC lifted its position in shares of Netflix by 80.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 20 shares during the period. Scarborough Advisors LLC bought a new stake in shares of Netflix in the 4th quarter worth approximately $32,000. Indiana Trust & Investment Management CO lifted its position in shares of Netflix by 112.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 28 shares during the period. Finally, Proffitt & Goodson Inc. lifted its position in shares of Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 38 shares during the period. Institutional investors own 80.93% of the company’s stock.

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.