Netflix (NASDAQ:NFLX) Upgraded at StockNews.com

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

A number of other brokerages have also weighed in on NFLX. Wolfe Research reiterated an “outperform” rating on shares of Netflix in a research report on Friday, October 18th. Citigroup lifted their price objective on shares of Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Bank of America increased their target price on Netflix from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. China Renaissance began coverage on Netflix in a research report on Thursday, September 5th. They issued a “hold” rating and a $680.00 price target for the company. Finally, The Goldman Sachs Group set a $750.00 price objective on Netflix in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $807.70.

Netflix Trading Up 0.8 %

NASDAQ NFLX opened at $909.05 on Friday. The business’s fifty day moving average is $832.76 and its 200-day moving average is $729.15. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $388.58 billion, a price-to-earnings ratio of 51.45, a PEG ratio of 1.77 and a beta of 1.27. Netflix has a one year low of $461.86 and a one year high of $941.75.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The firm had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Equities research analysts predict that Netflix will post 19.78 EPS for the current year.

Insider Transactions at Netflix

In other Netflix news, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at $24,202,828.70. This trade represents a 0.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory K. Peters sold 4,392 shares of the company’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total transaction of $3,184,200.00. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $9,490,250. This trade represents a 25.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 164,977 shares of company stock worth $129,317,467. Company insiders own 1.76% of the company’s stock.

Institutional Investors Weigh In On Netflix

A number of large investors have recently made changes to their positions in the business. Denver PWM LLC bought a new stake in Netflix in the second quarter valued at $25,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Netflix in the 3rd quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after purchasing an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new position in shares of Netflix during the third quarter valued at about $37,000. Finally, Summit Securities Group LLC purchased a new position in shares of Netflix during the second quarter valued at about $38,000. 80.93% of the stock is currently owned by institutional investors.

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.