Netflix (NASDAQ:NFLX) Receives “Buy” Rating from Guggenheim

Netflix (NASDAQ:NFLX)‘s stock had its “buy” rating reiterated by analysts at Guggenheim in a research report issued on Thursday,Benzinga reports. They presently have a $1,100.00 price target on the Internet television network’s stock. Guggenheim’s price target suggests a potential upside of 19.26% from the company’s current price.

Other research analysts have also issued research reports about the stock. UBS Group set a $1,000.00 price target on shares of Netflix in a research note on Monday, March 24th. Macquarie increased their price objective on Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Wedbush reaffirmed an “outperform” rating and set a $1,150.00 target price (up previously from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Rosenblatt Securities upgraded shares of Netflix from a “neutral” rating to a “buy” rating and increased their price target for the stock from $680.00 to $1,494.00 in a report on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average price target of $1,023.74.

Netflix Stock Down 1.4 %

Shares of Netflix stock traded down $13.14 on Thursday, reaching $922.38. The stock had a trading volume of 1,306,815 shares, compared to its average volume of 3,589,953. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $394.55 billion, a P/E ratio of 46.57, a P/E/G ratio of 2.12 and a beta of 1.38. The company has a 50 day moving average price of $974.03 and a 200 day moving average price of $873.22. Netflix has a 1 year low of $542.01 and a 1 year high of $1,064.50.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. 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 prior year, the firm posted $2.11 earnings per share. The business’s quarterly revenue was up 16.0% on a year-over-year basis. As a group, equities research analysts forecast that Netflix will post 24.58 EPS for the current year.

Insider Buying and Selling at Netflix

In related news, insider David A. Hyman sold 41,121 shares of Netflix stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the transaction, the insider now owns 31,610 shares in the company, valued at approximately $30,946,506.10. This trade represents a 56.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Jeffrey William Karbowski sold 480 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $986.75, for a total value of $473,640.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 280,676 shares of company stock worth $273,515,672. Corporate insiders own 1.76% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Nordea Investment Management AB boosted its holdings in Netflix by 22.7% in the 4th quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock valued at $760,918,000 after purchasing an additional 156,958 shares during the last quarter. First National Trust Co raised its position in shares of Netflix by 1.0% during the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network’s stock valued at $1,121,000 after buying an additional 12 shares during the period. Haven Private LLC acquired a new position in Netflix in the fourth quarter valued at approximately $733,000. Sigma Planning Corp grew its position in Netflix by 7.4% in the fourth quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network’s stock worth $4,966,000 after acquiring an additional 386 shares during the period. Finally, M&T Bank Corp increased its stake in Netflix by 4.2% during the third quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock worth $29,751,000 after acquiring an additional 1,684 shares during the last quarter. 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.