Shares of Netflix, Inc. (NASDAQ:NFLX) have earned an average rating of “Hold” from the fifty-one ratings firms that are covering the stock. Seven research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-eight have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $119.77.

NFLX has been the topic of several research analyst reports. Raymond James Financial, Inc. set a $120.00 price objective on Netflix and gave the stock a “buy” rating in a report on Sunday, October 16th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Netflix in a report on Thursday, January 5th. FBR & Co reiterated a “market perform” rating and issued a $90.00 price objective on shares of Netflix in a report on Thursday, September 15th. Canaccord Genuity reiterated a “buy” rating and issued a $140.00 price objective on shares of Netflix in a report on Wednesday, December 21st. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $120.00 price objective on shares of Netflix in a report on Thursday, January 5th.

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In related news, CEO Reed Hastings sold 87,297 shares of the business’s stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $126.72, for a total value of $11,062,275.84. Following the sale, the chief executive officer now directly owns 87,297 shares in the company, valued at approximately $11,062,275.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 2,800 shares of the business’s stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $125.73, for a total transaction of $352,044.00. Following the completion of the sale, the director now owns 8,412 shares in the company, valued at $1,057,640.76. The disclosure for this sale can be found here. 4.90% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. increased its position in Netflix by 25.6% in the second quarter. Cornerstone Advisors Inc. now owns 1,118 shares of the Internet television network’s stock valued at $102,000 after buying an additional 228 shares during the period. Quadrant Capital Group LLC increased its position in Netflix by 15.1% in the second quarter. Quadrant Capital Group LLC now owns 1,475 shares of the Internet television network’s stock valued at $126,000 after buying an additional 194 shares during the period. Integrated Wealth Management increased its position in Netflix by 12.4% in the second quarter. Integrated Wealth Management now owns 1,804 shares of the Internet television network’s stock valued at $165,000 after buying an additional 199 shares during the period. Catalyst Capital Advisors LLC purchased a new position in Netflix during the third quarter valued at $173,000. Finally, Krilogy Financial LLC increased its position in Netflix by 12.9% in the second quarter. Krilogy Financial LLC now owns 1,921 shares of the Internet television network’s stock valued at $176,000 after buying an additional 220 shares during the period. Institutional investors and hedge funds own 79.44% of the company’s stock.

Netflix (NASDAQ:NFLX) traded up 2.70% on Friday, hitting $132.67. The stock had a trading volume of 5,785,625 shares. Netflix has a 12 month low of $79.95 and a 12 month high of $133.88. The stock has a market cap of $56.93 billion, a PE ratio of 358.57 and a beta of 1.67. The firm’s 50 day moving average price is $123.08 and its 200-day moving average price is $106.56.

Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, October 17th. The Internet television network reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.06. Netflix had a return on equity of 6.31% and a net margin of 1.99%. The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same period last year, the firm earned $0.07 EPS. The company’s quarterly revenue was up 31.7% on a year-over-year basis. On average, analysts forecast that Netflix will post $0.41 EPS for the current year.

About Netflix

Netflix Inc is an Internet television network with over 86 million members in over 190 countries enjoying more than 125 million hours of television (TV) shows and movies per day, including original series, documentaries and feature films. Members can watch as much as they want, anytime, anywhere, on nearly any Internet-connected screen.

5 Day Chart for NASDAQ:NFLX

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