UBS AG reaffirmed their buy rating on shares of Netflix, Inc. (NASDAQ:NFLX) in a research note published on Tuesday, October 17th, 99wallstreet.com reports. UBS AG currently has a $237.00 price target on the Internet television network’s stock, up from their previous price target of $225.00.
NFLX has been the subject of several other research reports. Raymond James Financial, Inc. reissued an outperform rating and issued a $205.00 price target (up previously from $165.00) on shares of Netflix in a research report on Tuesday, July 18th. Stifel Nicolaus lifted their price target on shares of Netflix from $200.00 to $230.00 and gave the company a buy rating in a research report on Thursday, October 12th. J P Morgan Chase & Co reissued an overweight rating and issued a $225.00 price target (up previously from $210.00) on shares of Netflix in a research report on Friday, October 13th. Cantor Fitzgerald reissued an overweight rating and issued a $190.00 price target on shares of Netflix in a research report on Thursday, July 13th. Finally, Vetr raised shares of Netflix from a strong sell rating to a sell rating and set a $177.49 price target for the company in a research report on Tuesday, September 19th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirty-three have issued a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $207.20.
Shares of Netflix (NASDAQ:NFLX) traded up $0.06 during mid-day trading on Tuesday, hitting $200.07. 4,318,311 shares of the stock traded hands, compared to its average volume of 8,330,000. The firm has a market cap of $86,330.00, a P/E ratio of 202.03, a price-to-earnings-growth ratio of 5.91 and a beta of 1.39. Netflix has a one year low of $110.68 and a one year high of $204.38. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.47.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same period last year, the business earned $0.12 EPS. The business’s quarterly revenue was up 30.3% compared to the same quarter last year. equities analysts expect that Netflix will post 1.27 EPS for the current year.
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In other news, Director Richard N. Barton sold 700 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $197.38, for a total value of $138,166.00. Following the completion of the transaction, the director now owns 7,362 shares of the company’s stock, valued at $1,453,111.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel David A. Hyman sold 63,378 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $198.90, for a total transaction of $12,605,884.20. Following the completion of the transaction, the general counsel now owns 43,071 shares of the company’s stock, valued at approximately $8,566,821.90. The disclosure for this sale can be found here. Insiders have sold 340,487 shares of company stock worth $62,816,777 over the last quarter. Corporate insiders own 4.90% of the company’s stock.
Several hedge funds have recently made changes to their positions in NFLX. Quadrant Capital Group LLC grew its position in Netflix by 0.6% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock valued at $229,000 after purchasing an additional 10 shares during the period. Guardian Life Insurance Co. of America grew its position in Netflix by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock valued at $245,000 after purchasing an additional 11 shares during the period. M Holdings Securities Inc. lifted its stake in Netflix by 0.5% during the 1st quarter. M Holdings Securities Inc. now owns 2,467 shares of the Internet television network’s stock valued at $365,000 after acquiring an additional 12 shares in the last quarter. Heritage Investors Management Corp lifted its stake in Netflix by 0.6% during the 2nd quarter. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network’s stock valued at $298,000 after acquiring an additional 12 shares in the last quarter. Finally, Kalos Management Inc. raised its stake in shares of Netflix by 0.7% during the 2nd quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock worth $242,000 after purchasing an additional 12 shares during the period. 80.68% of the stock is owned by institutional investors.
Netflix Company Profile
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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