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 research note issued on Friday.

Other equities research analysts also recently issued reports about the company. The Goldman Sachs Group set a $750.00 price target on Netflix in a research note on Friday, October 18th. Morgan Stanley lifted their target price on shares of Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Canaccord Genuity Group boosted their target price on shares of Netflix from $760.00 to $940.00 and gave the stock a “hold” rating in a research report on Monday, December 2nd. Benchmark restated a “sell” rating and set a $545.00 price target on shares of Netflix in a report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Netflix from $850.00 to $1,010.00 and gave the stock an “overweight” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat, Netflix has an average rating of “Moderate Buy” and an average price target of $787.85.

Netflix Stock Down 0.7 %

NFLX traded down $6.68 on Friday, reaching $918.87. 2,484,887 shares of the company traded hands, compared to its average volume of 3,623,790. The company has a market cap of $392.78 billion, a price-to-earnings ratio of 52.00, a PEG ratio of 1.80 and a beta of 1.27. 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’s 50 day moving average price is $810.04 and its 200-day moving average price is $717.45. Netflix has a 52-week low of $461.86 and a 52-week high of $941.75.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. On average, sell-side analysts expect that Netflix will post 19.78 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Timothy M. Haley sold 11,090 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Hyman sold 267 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $24,202,828.70. This represents a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 165,405 shares of company stock worth $129,623,487 over the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Institutional Trading of Netflix

Several large investors have recently added to or reduced their stakes in the company. Denver PWM LLC acquired a new position in shares of Netflix in the 2nd quarter worth approximately $25,000. RPg Family Wealth Advisory LLC acquired a new position in Netflix in the third quarter worth $25,000. Proffitt & Goodson Inc. grew its holdings in shares of Netflix by 380.0% during the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 38 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after buying an additional 42 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. bought a new position in shares of Netflix in the third quarter valued at about $37,000. 80.93% of the stock is owned by institutional investors.

Netflix Company Profile

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.