Shares of Netflix, Inc. (NASDAQ:NFLX) have earned a consensus rating of “Hold” from the forty-eight analysts that are currently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $491.08.
Several research firms have weighed in on NFLX. Barclays boosted their target price on shares of Netflix from $420.00 to $550.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. BidaskClub lowered shares of Netflix from a “buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Goldman Sachs Group lowered their price target on shares of Netflix from $670.00 to $600.00 and set a “conviction-buy” rating for the company in a research report on Friday, July 17th. DZ Bank restated a “sell” rating on shares of Netflix in a research report on Friday, July 17th. Finally, KeyCorp initiated coverage on shares of Netflix in a research report on Monday. They set an “overweight” rating and a $590.00 price target for the company.
In related news, CEO Theodore A. Sarandos sold 20,000 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $480.70, for a total value of $9,614,000.00. Following the transaction, the chief executive officer now owns 7,112 shares in the company, valued at $3,418,738.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Theodore A. Sarandos sold 10,000 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $505.77, for a total value of $5,057,700.00. Following the completion of the transaction, the chief executive officer now owns 524 shares in the company, valued at approximately $265,023.48. The disclosure for this sale can be found here. Insiders sold 248,524 shares of company stock valued at $121,935,040 over the last three months. 3.40% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in Netflix by 2.8% in the second quarter. BlackRock Inc. now owns 29,171,135 shares of the Internet television network’s stock worth $13,274,032,000 after buying an additional 797,481 shares during the last quarter. Capital International Investors boosted its position in shares of Netflix by 27.3% in the first quarter. Capital International Investors now owns 13,695,433 shares of the Internet television network’s stock valued at $5,142,631,000 after acquiring an additional 2,936,451 shares during the period. Jennison Associates LLC boosted its position in shares of Netflix by 1.7% in the second quarter. Jennison Associates LLC now owns 9,099,165 shares of the Internet television network’s stock valued at $4,140,484,000 after acquiring an additional 148,672 shares during the period. Geode Capital Management LLC boosted its position in shares of Netflix by 6.5% in the first quarter. Geode Capital Management LLC now owns 6,527,589 shares of the Internet television network’s stock valued at $2,446,123,000 after acquiring an additional 399,048 shares during the period. Finally, Sands Capital Management LLC boosted its position in shares of Netflix by 30.7% in the first quarter. Sands Capital Management LLC now owns 5,536,697 shares of the Internet television network’s stock valued at $2,079,030,000 after acquiring an additional 1,299,967 shares during the period. Hedge funds and other institutional investors own 80.63% of the company’s stock.
NFLX stock opened at $483.86 on Thursday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.12 and a quick ratio of 1.12. Netflix has a 1-year low of $252.28 and a 1-year high of $575.37. The firm has a fifty day moving average price of $499.59 and a two-hundred day moving average price of $440.66. The firm has a market cap of $213.39 billion, a price-to-earnings ratio of 81.60, a PEG ratio of 2.56 and a beta of 0.97.
Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 16th. The Internet television network reported $1.59 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($0.22). Netflix had a net margin of 11.85% and a return on equity of 33.32%. The business had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.08 billion. During the same quarter in the previous year, the firm earned $0.60 EPS. As a group, analysts expect that Netflix will post 6.28 EPS for the current fiscal year.
Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.
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