Netflix (NFLX) Receives Average Rating of "Buy" from Brokerages

A conservative watchdog group is hoping the controversial series won’t have a return date any time soon. Source Netflix

A conservative watchdog group is hoping the controversial series won’t have a return date any time soon. Source Netflix

A number of research firms have weighed in on NFLX. The firm presently has a $329.00 price objective on the Internet television network's stock. Fiesta Restaurant Group Inc had 15 analyst reports since November 19, 2015 according to SRatingsIntel. Piper Jaffray downgraded the shares of FRGI in report on Thursday, September 7 to "Sell" rating. Bernstein maintained it with "Buy" rating and $302.0 target in Tuesday, January 23 report. The stock has "Buy" rating by Canaccord Genuity on Monday, January 22.

On Thursday, December 21st, Reed Hastings sold 91,861 shares of Netflix stock. Institutional investors own 81.62% of the company's stock. Zacks Investment Research's price target points to a potential upside of 13.90% from the company's previous close.

Netflix stock opened at $295.35 on Friday. Netflix has a twelve month low of $138.66 and a twelve month high of $333.98. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.81.

Netflix (NASDAQ:NFLX) last released its earnings results on Monday, October 17th. After $0.41 actual earnings per share reported by Netflix, Inc. for the previous quarter, Wall Street now forecasts 53.66% EPS growth. The firm had revenue of $3.29 billion during the quarter, compared to analysts' expectations of $3.28 billion. The firm's quarterly revenue was up 31.7% on a year-over-year basis. Also, insider Theodore A. Sarandos sold 91,966 shares of Netflix stock in a transaction that occurred on Tuesday, October 18th. The stock was sold at an average price of $283.39, for a total transaction of $198,373.00. Following the transaction, the chief executive officer now directly owns 68,065 shares in the company, valued at approximately $6,702,360.55. The shares were sold at an average price of $282.09, for a total transaction of $18,022,448.01. The disclosure for this sale can be found here. Following the sale, the insider now owns 1,147 shares in the company, valued at $235,811.73.

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A number of large investors have recently made changes to their positions in the business.

Hillman Co decreased its stake in Netflix Inc (NFLX) by 20% based on its latest 2017Q4 regulatory filing with the SEC. Company insiders own 4.90% of the company's stock. Signature Estate & Investment Advisors LLC purchased a new position in Netflix during the second quarter valued at $124,000. Balentine LLC now owns 549 shares of the Internet television network's stock worth $100,000 after buying an additional 500 shares during the period. CWA Asset Management Group LLC raised its stake in Netflix by 8.5% during the fourth quarter. Wells Fargo & Company MN now owns 1,934,754 shares of the Internet television network's stock valued at $371,396,000 after acquiring an additional 354,801 shares in the last quarter. The Partner Investment Management Lp holds 3,837 shares with $737,000 value, down from 6,383 last quarter. Balentine LLC boosted its position in shares of Netflix by 1,020.4% in the third quarter. It is positive, as 53 investors sold NFLX shares while 244 reduced holdings.

COPYRIGHT VIOLATION WARNING: This piece was published by Week Herald and is owned by of Week Herald. If you are viewing this news story on another website, it was illegally copied and republished in violation of U.S. & worldwide trademark & copyright laws. The original version of this piece can be accessed at https://weekherald.com/2018/04/07/netflix-nflx-upgraded-to-buy-at-vetr.html.

Netflix, Inc (Netflix) is a provider of Internet television network. The Company has three operating segments: Domestic streaming, worldwide streaming and Domestic DVD.

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