StockNews.com Downgrades Netflix (NASDAQ:NFLX) to Hold

StockNews.com lowered shares of Netflix (NASDAQ:NFLX) from a buy rating to a hold rating in a research report released on Tuesday.

Other equities research analysts have also recently issued reports about the stock. Argus increased their price objective on shares of Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group upped their target price on Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Bank of America raised their price target on Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Finally, Evercore ISI upped their price objective on Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $994.87 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix has a one year low of $542.01 and a one year high of $1,008.00. The firm has a market capitalization of $425.57 billion, a P/E ratio of 50.17, a PEG ratio of 2.02 and a beta of 1.27. The company’s fifty day moving average is $906.93 and its two-hundred day moving average is $781.90.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating the consensus estimate of $4.20 by $0.07. The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. Netflix’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period last year, the business posted $2.11 EPS. Analysts forecast that Netflix will post 24.58 EPS for the current fiscal year.

Insider Transactions at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total transaction of $473,640.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Timothy M. Haley sold 647 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $800.19, for a total value of $517,722.93. The disclosure for this sale can be found here. Insiders sold 281,026 shares of company stock valued at $267,211,135 over the last quarter. Company insiders own 1.76% of the company’s stock.

Institutional Trading of Netflix

Several institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC raised its stake in shares of Netflix by 116,620.0% in the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after purchasing an additional 5,748,200 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Netflix by 154.7% during the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock valued at $750,713,000 after buying an additional 642,920 shares in the last quarter. State Street Corp lifted its holdings in Netflix by 2.6% during the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock worth $12,023,082,000 after buying an additional 426,740 shares during the last quarter. Strategic Financial Concepts LLC grew its position in shares of Netflix by 112,896.4% in the 4th quarter. Strategic Financial Concepts LLC now owns 381,928 shares of the Internet television network’s stock worth $340,420,000 after acquiring an additional 381,590 shares in the last quarter. Finally, Jennison Associates LLC increased its holdings in shares of Netflix by 4.7% in the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after acquiring an additional 316,594 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

About Netflix

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.