Netflix, Inc. (NASDAQ:NFLX) has been assigned a consensus recommendation of “Buy” from the forty-five analysts that are covering the stock, MarketBeat reports. Six research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation, twenty-nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $376.90.

A number of equities analysts recently commented on the company. Sanford C. Bernstein reiterated a “buy” rating and set a $421.00 price objective on shares of Netflix in a research report on Tuesday, December 18th. BidaskClub downgraded Netflix from a “hold” rating to a “sell” rating in a research report on Wednesday, December 12th. JPMorgan Chase & Co. reduced their price objective on Netflix from $425.00 to $425.00 and set an “overweight” rating on the stock in a research report on Monday, January 14th. Stifel Nicolaus reiterated a “buy” rating and set a $400.00 price objective (up previously from $380.00) on shares of Netflix in a research report on Friday, January 18th. Finally, Raymond James reissued a “strong-buy” rating and set a $470.00 target price (up previously from $450.00) on shares of Netflix in a research note on Friday, January 18th.

In other news, Director Anne M. Sweeney sold 342 shares of Netflix stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $360.00, for a total value of $123,120.00. Following the completion of the sale, the director now directly owns 342 shares of the company’s stock, valued at $123,120. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Reed Hastings sold 67,907 shares of Netflix stock in a transaction on Tuesday, January 22nd. The shares were sold at an average price of $328.17, for a total value of $22,285,040.19. Following the completion of the sale, the chief executive officer now directly owns 67,907 shares of the company’s stock, valued at $22,285,040.19. The disclosure for this sale can be found here. Insiders sold 197,639 shares of company stock valued at $61,581,281 over the last ninety days. Insiders own 4.29% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Netflix by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 30,143,430 shares of the Internet television network’s stock worth $11,277,562,000 after purchasing an additional 249,147 shares in the last quarter. Vanguard Group Inc grew its stake in Netflix by 0.8% during the 3rd quarter. Vanguard Group Inc now owns 30,143,430 shares of the Internet television network’s stock worth $11,277,562,000 after purchasing an additional 249,147 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in Netflix by 17,848.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 23,931,481 shares of the Internet television network’s stock worth $89,000 after purchasing an additional 23,798,143 shares in the last quarter. Capital World Investors grew its stake in Netflix by 4.6% during the 3rd quarter. Capital World Investors now owns 10,188,305 shares of the Internet television network’s stock worth $3,811,751,000 after purchasing an additional 443,510 shares in the last quarter. Finally, Jennison Associates LLC grew its stake in Netflix by 9.0% during the 4th quarter. Jennison Associates LLC now owns 9,598,888 shares of the Internet television network’s stock worth $2,569,238,000 after purchasing an additional 792,338 shares in the last quarter. 75.08% of the stock is owned by institutional investors and hedge funds.

NASDAQ NFLX opened at $361.46 on Friday. The company has a market capitalization of $157.70 billion, a PE ratio of 134.87, a PEG ratio of 2.94 and a beta of 1.37. Netflix has a 1-year low of $231.23 and a 1-year high of $423.21. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.98.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, January 17th. The Internet television network reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.06. Netflix had a return on equity of 25.82% and a net margin of 7.67%. The firm had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter last year, the business posted $0.41 earnings per share. The firm’s revenue was up 27.4% compared to the same quarter last year. On average, research analysts predict that Netflix will post 4.05 earnings per share for the current fiscal year.

Netflix Company Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Analyst Recommendations for Netflix (NASDAQ:NFLX)

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