Netflix (NASDAQ:NFLX) Upgraded at BidaskClub

BidaskClub upgraded shares of Netflix (NASDAQ:NFLX) from a strong sell rating to a sell rating in a report published on Wednesday, BidAskClub reports.

Several other analysts also recently weighed in on the company. Morgan Stanley set a $450.00 price target on Netflix and gave the stock a buy rating in a research note on Friday, August 2nd. Wedbush upped their price target on Netflix from $183.00 to $188.00 and gave the stock an underperform rating in a research note on Thursday, July 18th. Credit Suisse Group set a $440.00 price target on Netflix and gave the stock a buy rating in a research note on Tuesday, September 10th. Citigroup cut their price target on Netflix from $420.00 to $410.00 and set a buy rating on the stock in a research note on Thursday, July 18th. Finally, Imperial Capital set a $451.00 price target on Netflix and gave the stock a buy rating in a research note on Thursday, September 12th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. Netflix presently has an average rating of Buy and an average price target of $390.58.

Netflix stock opened at $270.75 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 2.06. The company has a market capitalization of $127.66 billion, a P/E ratio of 114.34, a PEG ratio of 2.99 and a beta of 1.24. The stock’s 50 day moving average is $298.29 and its 200 day moving average is $343.40. Netflix has a twelve month low of $231.23 and a twelve month high of $386.80.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Wednesday, July 17th. The Internet television network reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.04. The company had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.93 billion. Netflix had a return on equity of 20.88% and a net margin of 6.53%. The firm’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.85 EPS. As a group, equities analysts expect that Netflix will post 3.25 EPS for the current year.

In other news, CEO Reed Hastings sold 52,269 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $300.10, for a total transaction of $15,685,926.90. Following the transaction, the chief executive officer now directly owns 52,269 shares of the company’s stock, valued at approximately $15,685,926.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ann Mather sold 1,208 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $375.00, for a total value of $453,000.00. Following the transaction, the director now directly owns 357 shares in the company, valued at $133,875. The disclosure for this sale can be found here. Insiders have sold a total of 160,717 shares of company stock worth $52,621,735 over the last three months. Insiders own 4.29% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NFLX. Nelson Roberts Investment Advisors LLC lifted its holdings in shares of Netflix by 600.0% during the 2nd quarter. Nelson Roberts Investment Advisors LLC now owns 84 shares of the Internet television network’s stock valued at $31,000 after buying an additional 72 shares during the period. TCG Advisors LP purchased a new stake in shares of Netflix in the 1st quarter worth $36,000. SRS Capital Advisors Inc. purchased a new stake in shares of Netflix in the 2nd quarter worth $39,000. SevenBridge Financial Group LLC increased its stake in shares of Netflix by 66.7% in the 2nd quarter. SevenBridge Financial Group LLC now owns 125 shares of the Internet television network’s stock worth $46,000 after purchasing an additional 50 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its stake in shares of Netflix by 182.0% in the 1st quarter. Thompson Siegel & Walmsley LLC now owns 141 shares of the Internet television network’s stock worth $50,000 after purchasing an additional 91 shares in the last quarter. 78.96% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Company Profile

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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Analyst Recommendations for Netflix (NASDAQ:NFLX)

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