UBS Group Raises Netflix (NASDAQ:NFLX) Price Target to $1,040.00

Netflix (NASDAQ:NFLX) had its price target increased by equities researchers at UBS Group from $825.00 to $1,040.00 in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. The brokerage currently has a “buy” rating on the Internet television network’s stock. UBS Group’s price objective points to a potential upside of 14.41% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Guggenheim lifted their target price on Netflix from $810.00 to $825.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. TD Cowen boosted their price objective on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. BMO Capital Markets reissued an “outperform” rating and set a $825.00 target price (up previously from $770.00) on shares of Netflix in a research report on Friday, October 18th. StockNews.com lowered shares of Netflix from a “buy” rating to a “hold” rating in a report on Friday, December 13th. Finally, Citigroup increased their price objective on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $807.70.

Netflix Trading Up 0.8 %

NASDAQ:NFLX opened at $909.05 on Thursday. The firm has a 50-day simple moving average of $832.76 and a 200-day simple moving average of $728.47. Netflix has a one year low of $461.86 and a one year high of $941.75. The firm has a market cap of $388.58 billion, a P/E ratio of 51.45, a P/E/G ratio of 1.77 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. The company had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. Equities analysts anticipate that Netflix will post 19.78 EPS for the current fiscal year.

Insider Activity at Netflix

In other Netflix news, Chairman Reed Hastings sold 45,290 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the transaction, the chairman now owns 85 shares in the company, valued at approximately $60,023.60. This represents a 99.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Timothy M. Haley sold 11,090 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 164,977 shares of company stock worth $129,317,467. 1.76% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Independent Solutions Wealth Management LLC raised its position in Netflix by 10.8% during the third quarter. Independent Solutions Wealth Management LLC now owns 2,131 shares of the Internet television network’s stock worth $1,512,000 after acquiring an additional 208 shares during the period. SMART Wealth LLC purchased a new stake in shares of Netflix during the third quarter worth about $414,000. Lord Abbett & CO. LLC raised its position in shares of Netflix by 20.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 291,259 shares of the Internet television network’s stock worth $206,581,000 after purchasing an additional 48,538 shares during the last quarter. DGS Capital Management LLC lifted its stake in Netflix by 5.2% in the 3rd quarter. DGS Capital Management LLC now owns 1,931 shares of the Internet television network’s stock valued at $1,370,000 after buying an additional 95 shares in the last quarter. Finally, Oddo BHF Asset Management Sas purchased a new position in Netflix in the 3rd quarter valued at about $21,594,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

About Netflix

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.