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

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

Several other research analysts also recently issued reports on the stock. Brean Capital started coverage on shares of Netflix in a research report on Monday, November 21st. They set a buy rating and a $145.00 price objective on the stock. Canaccord Genuity reissued a buy rating and set a $140.00 price objective on shares of Netflix in a research report on Tuesday, January 3rd. Loop Capital reissued a buy rating and set a $159.00 price objective on shares of Netflix in a research report on Saturday, January 28th. MKM Partners reissued a buy rating and set a $175.00 price objective (up from $165.00) on shares of Netflix in a research report on Tuesday, January 31st. Finally, Zacks Investment Research raised shares of Netflix from a hold rating to a buy rating and set a $127.00 price objective on the stock in a research report on Wednesday, November 16th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $137.84.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

Netflix (NASDAQ:NFLX) traded up 0.5649% on Wednesday, hitting $145.9298. 1,027,936 shares of the company traded hands. Netflix has a 12 month low of $84.50 and a 12 month high of $146.50. The stock’s 50-day moving average is $142.28 and its 200 day moving average is $122.90. The stock has a market cap of $62.81 billion, a PE ratio of 339.3716 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 earnings per share (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 company had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same period last year, the firm posted $0.10 EPS. Netflix’s revenue for the quarter was up 35.9% on a year-over-year basis. Equities research analysts expect that Netflix will post $1.13 earnings per share for the current fiscal year.

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In other Netflix news, insider Tawni Cranz sold 2,170 shares of the stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $144.23, for a total transaction of $312,979.10. Following the sale, the insider now directly owns 2,170 shares of the company’s stock, valued at $312,979.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Reed Hastings sold 87,297 shares of the stock in a transaction on Wednesday, December 21st. The stock was sold at an average price of $126.72, for a total transaction of $11,062,275.84. Following the sale, the chief executive officer now directly owns 87,297 shares in the company, valued at $11,062,275.84. The disclosure for this sale can be found here. Insiders sold 327,778 shares of company stock worth $44,385,274 over the last ninety days. 4.90% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of the company. BlackRock Fund Advisors boosted its stake in shares of Netflix by 3.1% in the third quarter. BlackRock Fund Advisors now owns 5,031,607 shares of the Internet television network’s stock worth $495,865,000 after buying an additional 152,692 shares during the period. First Trust Advisors LP boosted its stake in shares of Netflix by 6.4% in the third quarter. First Trust Advisors LP now owns 1,958,697 shares of the Internet television network’s stock worth $193,030,000 after buying an additional 117,557 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Netflix by 3.0% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 66,881 shares of the Internet television network’s stock worth $6,591,000 after buying an additional 1,972 shares during the period. Sigma Planning Corp boosted its stake in shares of Netflix by 0.5% in the third quarter. Sigma Planning Corp now owns 10,692 shares of the Internet television network’s stock worth $1,054,000 after buying an additional 54 shares during the period. Finally, RPG Investment Advisory LLC boosted its stake in shares of Netflix by 56.2% in the third quarter. RPG Investment Advisory LLC now owns 32,154 shares of the Internet television network’s stock worth $3,168,000 after buying an additional 11,574 shares during the period. 80.42% of the stock is currently owned by 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.

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