In a report released yesterday, Douglas Mitchelson from Credit Suisse maintained a Hold rating on Netflix (NFLX). The company’s shares closed last Tuesday at $485.42.
According to TipRanks.com, Mitchelson is a 5-star analyst with an average return of 14.5% and a 62.7% success rate. Mitchelson covers the Services sector, focusing on stocks such as Charter Communications, Dish Network, and Walt Disney.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Netflix with a $522.68 average price target, representing a 6.9% upside. In a report issued on September 9, Raymond James also initiated coverage with a Hold rating on the stock.
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Netflix’s market cap is currently $214.9B and has a P/E ratio of 79.30. The company has a Price to Book ratio of -13.10.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NFLX in relation to earlier this year. Earlier this month, Richard N. Barton, a Director at NFLX sold 4,907 shares for a total of $2,698,850.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Netflix, Inc. is a streaming entertainment service company, which provides subscription service streaming movies and television episodes over the Internet and sending DVDs by mail. It operates through the following segments: Domestic Streaming, International Streaming and Domestic DVD. The Domestic Streaming segment derives revenues from monthly membership fees for services consisting solely of streaming content to its members in the United States. The International Streaming segment includes fees from members outside the United States. The Domestic DVD segment covers revenues from services consisting solely of DVD-by-mail. The company was founded by Marc Randolph and Wilmot Reed Hastings Jr., on August 29, 1997 and is headquartered in Los Gatos, CA.
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