Rosenblatt Securities Reaffirms Neutral Rating for Netflix (NASDAQ:NFLX)

Rosenblatt Securities restated their neutral rating on shares of Netflix (NASDAQ:NFLX) in a research report report published on Friday, Benzinga reports. The brokerage currently has a $635.00 price objective on the Internet television network’s stock.

Several other analysts also recently commented on the stock. Evercore ISI increased their price objective on shares of Netflix from $710.00 to $750.00 and gave the company an outperform rating in a research report on Tuesday, August 27th. Jefferies Financial Group boosted their price target on Netflix from $655.00 to $780.00 and gave the company a buy rating in a report on Tuesday, July 16th. TD Cowen upped their price objective on Netflix from $725.00 to $775.00 and gave the stock a buy rating in a research note on Tuesday, July 9th. UBS Group boosted their target price on Netflix from $685.00 to $750.00 and gave the stock a buy rating in a research report on Friday, July 19th. Finally, Oppenheimer reiterated an outperform rating and issued a $725.00 target price on shares of Netflix in a research report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $685.29.

Netflix Price Performance

NFLX stock opened at $701.03 on Friday. Netflix has a one year low of $344.73 and a one year high of $715.66. The stock has a market cap of $302.14 billion, a PE ratio of 48.65, a P/E/G ratio of 1.40 and a beta of 1.26. The firm has a 50 day simple moving average of $663.00 and a two-hundred day simple moving average of $641.15. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The business had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. During the same quarter in the prior year, the company posted $3.29 EPS. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. On average, analysts predict that Netflix will post 19.08 EPS for the current fiscal year.

Insider Activity

In related news, Director Leslie J. Kilgore sold 428 shares of Netflix stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $715.00, for a total value of $306,020.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Chairman Reed Hastings sold 22,526 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $670.49, for a total transaction of $15,103,457.74. Following the sale, the chairman now owns 57 shares in the company, valued at $38,217.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Leslie J. Kilgore sold 428 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $715.00, for a total transaction of $306,020.00. The disclosure for this sale can be found here. In the last three months, insiders sold 197,226 shares of company stock valued at $129,858,692. Company insiders own 1.76% of the company’s stock.

Institutional Trading of Netflix

Large investors have recently modified their holdings of the company. M&G Plc bought a new position in shares of Netflix during the 1st quarter worth about $9,682,000. BSN CAPITAL PARTNERS Ltd boosted its stake in Netflix by 24.4% during the 1st quarter. BSN CAPITAL PARTNERS Ltd now owns 250,000 shares of the Internet television network’s stock worth $155,185,000 after acquiring an additional 49,000 shares during the last quarter. Scarborough Advisors LLC bought a new position in Netflix in the fourth quarter valued at approximately $9,513,000. Scotia Capital Inc. lifted its stake in Netflix by 9.1% in the fourth quarter. Scotia Capital Inc. now owns 25,351 shares of the Internet television network’s stock valued at $12,343,000 after buying an additional 2,110 shares in the last quarter. Finally, Focus Financial Network Inc. ADV bought a new position in Netflix in the fourth quarter valued at approximately $3,700,000. 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.