Guggenheim Reaffirms “Buy” Rating for Netflix (NASDAQ:NFLX)

Netflix (NASDAQ:NFLX)‘s stock had its “buy” rating reissued by analysts at Guggenheim in a research report issued on Thursday,Benzinga reports. They currently have a $1,100.00 target price on the Internet television network’s stock. Guggenheim’s price objective would indicate a potential upside of 19.26% from the company’s previous close.

NFLX has been the subject of several other research reports. StockNews.com lowered shares of Netflix from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Needham & Company LLC raised their price target on shares of Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Evercore ISI upped their price objective on Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft increased their price objective on Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Finally, Morgan Stanley boosted their target price on Netflix from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,023.74.

Netflix Trading Down 1.4 %

Shares of NFLX stock traded down $13.14 during trading hours on Thursday, hitting $922.38. The company had a trading volume of 1,306,815 shares, compared to its average volume of 3,589,953. Netflix has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The company’s fifty day moving average is $974.03 and its 200 day moving average is $873.22. The stock has a market capitalization of $394.55 billion, a PE ratio of 46.57, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38.

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

Insider Buying and Selling at Netflix

In related news, CEO Gregory K. Peters sold 102,228 shares of Netflix stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $980.74, for a total value of $100,259,088.72. Following the transaction, the chief executive officer now directly owns 12,950 shares in the company, valued at $12,700,583. This trade represents a 88.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard N. Barton sold 6,364 shares of the company’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the transaction, the director now owns 246 shares of the company’s stock, valued at approximately $216,327.48. The trade was a 96.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 280,676 shares of company stock valued at $273,515,672 in the last ninety days. Insiders own 1.76% of the company’s stock.

Institutional Trading of Netflix

A number of institutional investors have recently added to or reduced their stakes in NFLX. Pathway Financial Advisers LLC grew its position in shares of Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 14 shares during the last quarter. Brown Shipley& Co Ltd purchased a new stake in Netflix in the 4th quarter valued at approximately $27,000. Transce3nd LLC acquired a new stake in Netflix during the 4th quarter valued at $32,000. Newton One Investments LLC acquired a new stake in Netflix during the 4th quarter valued at $34,000. Finally, Pineridge Advisors LLC increased its position in Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after buying an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

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.