Jefferies Group LLC Upgrades Netflix, Inc. (NFLX) to “Hold”

Jefferies Group LLC upgraded shares of Netflix, Inc. (NASDAQ:NFLX) from an underperform rating to a hold rating in a research report sent to investors on Wednesday. The brokerage currently has $135.00 price target on the Internet television network’s stock, up from their prior price target of $95.00.

Other analysts have also issued reports about the stock. Cantor Fitzgerald raised their price objective on shares of Netflix to $160.00 in a report on Thursday, January 19th. Canaccord Genuity restated a buy rating and issued a $140.00 price objective on shares of Netflix in a report on Sunday, December 4th. Brean Capital initiated coverage on shares of Netflix in a report on Monday, November 21st. They issued a buy rating and a $145.00 price objective for the company. Zacks Investment Research upgraded shares of Netflix from a hold rating to a buy rating and set a $127.00 price objective for the company in a report on Wednesday, November 16th. Finally, Vetr lowered shares of Netflix from a strong-buy rating to a buy rating and set a $125.96 price objective for the company. in a report on Wednesday, November 16th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-eight have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $138.02.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

Netflix (NASDAQ:NFLX) opened at 145.83 on Wednesday. Netflix has a 12-month low of $84.50 and a 12-month high of $146.50. The stock has a 50 day moving average price of $142.28 and a 200 day moving average price of $122.90. The company has a market capitalization of $62.77 billion, a price-to-earnings ratio of 339.14 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Wednesday, January 18th. The Internet television network reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.02. Netflix had a net margin of 2.11% and a return on equity of 7.51%. The business earned $2.48 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same period last year, the business posted $0.10 earnings per share. Netflix’s quarterly revenue was up 35.9% compared to the same quarter last year. On average, analysts expect that Netflix will post $1.13 EPS for the current year.

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In other news, insider Tawni Cranz sold 2,135 shares of the business’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $146.49, for a total transaction of $312,756.15. Following the completion of the sale, the insider now owns 2,135 shares of the company’s stock, valued at approximately $312,756.15. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard N. Barton sold 2,000 shares of the business’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $144.85, for a total transaction of $289,700.00. Following the sale, the director now directly owns 8,012 shares of the company’s stock, valued at approximately $1,160,538.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 327,778 shares of company stock valued at $44,385,274. 4.90% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its stake in shares of Netflix by 7.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,893 shares of the Internet television network’s stock worth $539,000 after buying an additional 390 shares during the last quarter. Macquarie Group Ltd. increased its stake in shares of Netflix by 34.9% in the second quarter. Macquarie Group Ltd. now owns 115,690 shares of the Internet television network’s stock worth $10,583,000 after buying an additional 29,915 shares during the last quarter. Eqis Capital Management Inc. increased its stake in shares of Netflix by 5.2% in the third quarter. Eqis Capital Management Inc. now owns 27,694 shares of the Internet television network’s stock worth $2,729,000 after buying an additional 1,380 shares during the last quarter. Fulton Bank N.A. increased its stake in shares of Netflix by 0.3% in the third quarter. Fulton Bank N.A. now owns 4,450 shares of the Internet television network’s stock worth $439,000 after buying an additional 12 shares during the last quarter. Finally, Foundry Partners LLC increased its stake in shares of Netflix by 7.2% in the third quarter. Foundry Partners LLC now owns 9,631 shares of the Internet television network’s stock worth $949,000 after buying an additional 646 shares during the last quarter. 80.42% of the stock is owned by hedge funds and other institutional investors.

About Netflix

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

5 Day Chart for NASDAQ:NFLX

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