Netflix (NASDAQ:NFLX) Rating Increased to Hold at Phillip Securities

Netflix (NASDAQ:NFLX) was upgraded by Phillip Securities from a “moderate sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other research analysts have also weighed in on the company. Barclays raised their price objective on Netflix from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Monday. Bank of America upped their price target on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Canaccord Genuity Group raised their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the company a “buy” rating in a research note on Monday. UBS Group dropped their target price on shares of Netflix from $1,150.00 to $1,140.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. Finally, Arete Research raised shares of Netflix to a “hold” rating in a research report on Thursday, January 23rd. Ten research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,070.65.

Netflix Stock Performance

Shares of Netflix stock opened at $1,040.34 on Monday. The business has a fifty day simple moving average of $954.01 and a two-hundred day simple moving average of $897.26. The firm has a market capitalization of $445.01 billion, a P/E ratio of 52.46, a P/E/G ratio of 2.12 and a beta of 1.55. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix has a 12 month low of $544.25 and a 12 month high of $1,064.97.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same quarter in the previous year, the firm posted $8.28 earnings per share. On average, equities analysts forecast that Netflix will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Jeffrey William Karbowski sold 480 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Reed Hastings sold 25,360 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the sale, the chairman now directly owns 394 shares of the company’s stock, valued at approximately $362,933.10. This trade represents a 98.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 274,472 shares of company stock valued at $268,079,297. Company insiders own 1.76% of the company’s stock.

Hedge Funds Weigh In On Netflix

Hedge funds have recently modified their holdings of the stock. Halbert Hargrove Global Advisors LLC boosted its holdings in shares of Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after purchasing an additional 13 shares during the last quarter. Pathway Financial Advisers LLC raised its holdings in shares of Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 14 shares in the last quarter. Brown Shipley& Co Ltd bought a new position in shares of Netflix during the 4th quarter valued at approximately $27,000. Transce3nd LLC purchased a new position in shares of Netflix in the fourth quarter valued at $32,000. Finally, Newton One Investments LLC bought a new stake in Netflix in the fourth quarter worth $34,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

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.