Netflix's (NFLX) “Buy” Rating Reaffirmed at Barclays

Barclays reaffirmed their buy rating on shares of Netflix (NASDAQ:NFLX) in a research note published on Wednesday morning. Barclays currently has a $375.00 target price on the Internet television network’s stock.

A number of other equities analysts have also recently issued reports on NFLX. BidaskClub upgraded Netflix from a hold rating to a buy rating in a report on Wednesday. Morgan Stanley restated an overweight rating and set a $430.00 target price (down previously from $475.00) on shares of Netflix in a report on Friday, January 11th. Sanford C. Bernstein set a $421.00 target price on Netflix and gave the stock a buy rating in a report on Wednesday. ValuEngine upgraded Netflix from a hold rating to a buy rating in a report on Monday, January 7th. Finally, Goldman Sachs Group restated a buy rating and set a $400.00 target price on shares of Netflix in a report on Tuesday. Six investment analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $365.16.

NFLX stock traded up $1.38 during midday trading on Wednesday, reaching $352.77. The stock had a trading volume of 8,834,356 shares, compared to its average volume of 13,528,122. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.66. The firm has a market cap of $154.65 billion, a price-to-earnings ratio of 282.21, a PEG ratio of 2.93 and a beta of 1.12. Netflix has a twelve month low of $216.32 and a twelve month high of $423.21.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, October 16th. The Internet television network reported $0.89 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.21. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $3.99 billion. Netflix had a return on equity of 29.52% and a net margin of 8.48%. The company’s revenue was up 34.0% on a year-over-year basis. During the same period last year, the company earned $0.29 earnings per share. Sell-side analysts predict that Netflix will post 2.63 earnings per share for the current fiscal year.

In related news, Director Anne M. Sweeney sold 2,569 shares of the business’s stock in a transaction that occurred on Tuesday, January 15th. The stock was sold at an average price of $350.00, for a total transaction of $899,150.00. Following the transaction, the director now directly owns 539 shares of the company’s stock, valued at approximately $188,650. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Reed Hastings sold 105,868 shares of the business’s stock in a transaction that occurred on Monday, October 22nd. The stock was sold at an average price of $328.75, for a total value of $34,804,105.00. Following the transaction, the chief executive officer now directly owns 105,868 shares in the company, valued at $34,804,105. The disclosure for this sale can be found here. Insiders have sold a total of 269,351 shares of company stock worth $77,728,798 over the last three months. 4.29% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of NFLX. FMR LLC boosted its stake in Netflix by 6.1% in the 2nd quarter. FMR LLC now owns 26,511,408 shares of the Internet television network’s stock valued at $10,377,360,000 after purchasing an additional 1,534,290 shares during the period. Summit X LLC bought a new stake in Netflix in the 2nd quarter valued at $242,000. B. Riley Financial Inc. bought a new stake in Netflix in the 2nd quarter valued at $247,000. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in Netflix by 1,232.4% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 453 shares of the Internet television network’s stock valued at $177,000 after purchasing an additional 419 shares during the period. Finally, MAI Capital Management boosted its stake in Netflix by 5.2% in the 2nd quarter. MAI Capital Management now owns 9,960 shares of the Internet television network’s stock valued at $3,899,000 after purchasing an additional 496 shares during the period. 73.97% of the stock is currently owned by institutional investors and hedge funds.

Netflix Company Profile

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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Analyst Recommendations for Netflix (NASDAQ:NFLX)

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