Netflix, Inc. (NASDAQ:NFLX) Earns Neutral Rating from Moffett Nathanson

Moffett Nathanson reaffirmed their neutral rating on shares of Netflix, Inc. (NASDAQ:NFLX) in a report released on Tuesday.

A number of other equities research analysts have also recently commented on NFLX. UBS AG reiterated a buy rating and set a $175.00 target price on shares of Netflix in a report on Wednesday, April 19th. Credit Suisse Group reiterated a neutral rating and set a $190.00 target price (up previously from $154.00) on shares of Netflix in a report on Tuesday. Robert W. Baird reiterated a neutral rating and set a $175.00 target price (up previously from $140.00) on shares of Netflix in a report on Tuesday. Pacific Crest reiterated an overweight rating and set a $190.00 target price (up previously from $170.00) on shares of Netflix in a report on Tuesday. Finally, BMO Capital Markets reiterated a market perform rating and set a $180.00 target price (up previously from $150.00) on shares of Netflix in a report on Tuesday. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $169.38.

Shares of Netflix (NASDAQ NFLX) traded up 2.69% during trading on Tuesday, reaching $188.54. The company had a trading volume of 9,241,861 shares. Netflix has a 12 month low of $85.01 and a 12 month high of $191.50. The firm has a market capitalization of $81.34 billion, a P/E ratio of 229.37 and a beta of 0.98. The firm’s 50 day moving average price is $158.04 and its 200 day moving average price is $148.40.

Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. Netflix’s quarterly revenue was up 32.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.09 EPS. Equities analysts predict that Netflix will post $1.16 EPS for the current year.

In other Netflix news, Director Leslie J. Kilgore sold 1,211 shares of Netflix stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $147.38, for a total value of $178,477.18. Following the transaction, the director now owns 36,407 shares in the company, valued at $5,365,663.66. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jonathan Friedland sold 2,496 shares of Netflix stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $182.17, for a total transaction of $454,696.32. Following the completion of the transaction, the insider now owns 1,232 shares in the company, valued at approximately $224,433.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 343,728 shares of company stock worth $53,858,193. 4.90% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Clean Yield Group acquired a new position in Netflix during the first quarter valued at about $103,000. TD Capital Management LLC acquired a new position in Netflix during the second quarter valued at about $105,000. SRS Capital Advisors Inc. raised its position in Netflix by 3,361.9% in the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock valued at $107,000 after buying an additional 706 shares during the period. Harfst & Associates Inc. acquired a new position in Netflix during the first quarter valued at about $109,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in Netflix by 24.2% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 770 shares of the Internet television network’s stock valued at $114,000 after buying an additional 150 shares during the period. Hedge funds and other institutional investors own 82.77% of the company’s stock.

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.