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

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

NFLX has been the topic of several other reports. Robert W. Baird lifted their price objective on Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Pivotal Research lifted their price target on Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Barclays upgraded Netflix from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $715.00 to $900.00 in a report on Wednesday, January 22nd. Argus boosted their target price on shares of Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Monday, January 6th. Finally, UBS Group increased their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Price Performance

Shares of NFLX stock opened at $1,011.11 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market cap of $432.51 billion, a P/E ratio of 50.99, a P/E/G ratio of 2.02 and a beta of 1.27. The business’s 50 day moving average price is $909.38 and its 200-day moving average price is $784.44. Netflix has a fifty-two week low of $542.01 and a fifty-two week high of $1,011.83.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the firm earned $2.11 EPS. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. On average, equities research analysts anticipate that Netflix will post 24.58 earnings per share for the current year.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 10,000 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $978.41, for a total value of $9,784,100.00. Following the transaction, the chief financial officer now owns 3,691 shares of the company’s stock, valued at $3,611,311.31. This trade represents a 73.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Timothy M. Haley sold 647 shares of Netflix stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $800.19, for a total value of $517,722.93. The disclosure for this sale can be found here. Insiders sold a total of 291,585 shares of company stock worth $277,777,833 in the last three months. 1.76% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Netflix

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC purchased a new position in shares of Netflix in the third quarter valued at about $25,000. Pathway Financial Advisers LLC lifted its holdings in Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after purchasing an additional 14 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares in the last quarter. Newton One Investments LLC purchased a new stake in Netflix during the 4th quarter valued at approximately $34,000. Finally, MidAtlantic Capital Management Inc. bought a new stake in shares of Netflix during the third quarter valued at approximately $37,000. 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.