Netflix (NASDAQ:NFLX) Price Target Raised to $1,150.00 at UBS Group

Netflix (NASDAQ:NFLX) had its price target lifted by UBS Group from $1,040.00 to $1,150.00 in a report published on Wednesday,Benzinga reports. UBS Group currently has a buy rating on the Internet television network’s stock.

Other research analysts have also recently issued research reports about the stock. TD Cowen lifted their price objective on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a report on Friday, October 18th. Wolfe Research restated an “outperform” rating on shares of Netflix in a research note on Friday, October 18th. Jefferies Financial Group upped their price target on Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Guggenheim raised their price objective on Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Wedbush reaffirmed an “outperform” rating and set a $950.00 target price (up from $800.00) on shares of Netflix in a research note on Monday, November 18th. Nine analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $993.82.

Netflix Stock Performance

Shares of NFLX stock opened at $953.99 on Wednesday. Netflix has a 52-week low of $481.40 and a 52-week high of $999.00. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock has a market cap of $407.79 billion, a PE ratio of 48.11, a price-to-earnings-growth ratio of 1.41 and a beta of 1.27. The business has a 50-day simple moving average of $886.64 and a 200-day simple moving average of $762.07.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10,141,900 billion. Netflix had a return on equity of 39.48% and a net margin of 22.34%. Netflix’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.11 earnings per share. On average, equities analysts expect that Netflix will post 23.43 EPS for the current year.

Insider Transactions at Netflix

In other Netflix news, Director Anne M. Sweeney sold 589 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at $24,202,828.70. The trade was a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 152,198 shares of company stock valued at $127,616,898. 1.76% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Netflix

Hedge funds and other institutional investors have recently made changes to their positions in the business. Epoch Investment Partners Inc. lifted its holdings in shares of Netflix by 27.1% in the 2nd quarter. Epoch Investment Partners Inc. now owns 544 shares of the Internet television network’s stock valued at $367,000 after purchasing an additional 116 shares during the last quarter. Mill Creek Capital Advisors LLC boosted its holdings in shares of Netflix by 24.8% in the second quarter. Mill Creek Capital Advisors LLC now owns 433 shares of the Internet television network’s stock valued at $292,000 after acquiring an additional 86 shares during the period. Clear Point Advisors Inc. raised its position in Netflix by 3.9% in the 2nd quarter. Clear Point Advisors Inc. now owns 449 shares of the Internet television network’s stock valued at $303,000 after purchasing an additional 17 shares during the last quarter. Insigneo Advisory Services LLC boosted its stake in Netflix by 10.6% during the 2nd quarter. Insigneo Advisory Services LLC now owns 8,230 shares of the Internet television network’s stock worth $5,554,000 after purchasing an additional 786 shares during the period. Finally, Fred Alger Management LLC grew its position in Netflix by 4.7% during the 2nd quarter. Fred Alger Management LLC now owns 465,249 shares of the Internet television network’s stock worth $313,987,000 after purchasing an additional 20,962 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Company Profile

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.