Netflix (NASDAQ:NFLX) Rating Reiterated by Benchmark

Benchmark reissued their sell rating on shares of Netflix (NASDAQ:NFLX) in a report issued on Tuesday morning, Benzinga reports. Benchmark currently has a $545.00 price objective on the Internet television network’s stock.

Other analysts also recently issued reports about the stock. StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. Bank of America lifted their target price on Netflix from $700.00 to $740.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Redburn Atlantic increased their price target on Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Needham & Company LLC reaffirmed a “buy” rating and issued a $700.00 price objective on shares of Netflix in a research note on Friday, July 19th. Finally, Macquarie increased their target price on Netflix from $695.00 to $795.00 and gave the company an “outperform” rating in a research report on Friday, October 11th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $739.38.

Netflix Stock Performance

NASDAQ NFLX opened at $763.89 on Tuesday. The business has a 50-day moving average price of $696.38 and a 200-day moving average price of $654.66. The firm has a market cap of $329.24 billion, a price-to-earnings ratio of 53.01, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. Netflix has a twelve month low of $392.26 and a twelve month high of $766.28. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $9.53 billion. During the same period last year, the firm posted $3.29 EPS. The company’s revenue was up 16.8% on a year-over-year basis. As a group, equities research analysts predict that Netflix will post 19.08 EPS for the current fiscal year.

Insider Buying and Selling

In other Netflix news, Chairman Reed Hastings sold 45,290 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the transaction, the chairman now owns 85 shares of the company’s stock, valued at approximately $60,023.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Netflix news, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at $19,128,159.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Reed Hastings sold 45,290 shares of Netflix stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total value of $31,981,986.40. Following the completion of the transaction, the chairman now owns 85 shares in the company, valued at $60,023.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 225,167 shares of company stock valued at $150,492,460 over the last three months. 1.76% of the stock is owned by company insiders.

Institutional Investors Weigh In On Netflix

A number of hedge funds have recently made changes to their positions in NFLX. GQG Partners LLC bought a new position in Netflix in the first quarter worth about $1,450,476,000. Jennison Associates LLC raised its stake in shares of Netflix by 17.0% during the 1st quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock worth $3,875,655,000 after acquiring an additional 929,193 shares in the last quarter. Global Assets Advisory LLC bought a new position in shares of Netflix during the 1st quarter worth approximately $436,514,000. Jericho Capital Asset Management L.P. purchased a new stake in Netflix during the first quarter valued at approximately $372,293,000. Finally, Swedbank AB acquired a new stake in Netflix in the first quarter valued at approximately $216,538,000. 80.93% of the stock is currently owned by hedge funds and other 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.