Netflix (NASDAQ:NFLX) Given New $1,040.00 Price Target at UBS Group

Netflix (NASDAQ:NFLX) had its price objective boosted by stock analysts at UBS Group from $825.00 to $1,040.00 in a research note issued on Thursday, MarketBeat reports. The brokerage presently has a “buy” rating on the Internet television network’s stock. UBS Group’s target price would indicate a potential upside of 14.41% from the company’s current price.

A number of other brokerages also recently commented on NFLX. Sanford C. Bernstein lifted their price objective on Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Benchmark reiterated a “sell” rating and set a $545.00 price target on shares of Netflix in a report on Tuesday, October 15th. Macquarie reissued an “outperform” rating and issued a $795.00 price objective on shares of Netflix in a report on Friday, October 18th. KeyCorp lifted their target price on shares of Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Finally, StockNews.com cut shares of Netflix from a “buy” rating to a “hold” rating in a research note on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $807.70.

Netflix Price Performance

Shares of 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. 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 capitalization of $388.58 billion, a price-to-earnings ratio of 51.45, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. Netflix has a 52 week low of $461.86 and a 52 week high of $941.75.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The company had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. On average, equities analysts predict that Netflix will post 19.78 earnings per share for the current fiscal year.

Insider Activity

In other Netflix news, Director Anne M. Sweeney sold 589 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider David A. Hyman sold 267 shares of Netflix stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. This trade represents a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 164,977 shares of company stock worth $129,317,467. Corporate insiders own 1.76% of the company’s stock.

Hedge Funds Weigh In On Netflix

Several large investors have recently bought and sold shares of the business. State Street Corp boosted its position in shares of Netflix by 2.6% during the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock worth $12,023,082,000 after acquiring an additional 426,740 shares in the last quarter. Geode Capital Management LLC lifted its stake in Netflix by 1.4% during the third quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network’s stock worth $6,464,736,000 after purchasing an additional 123,029 shares during the last quarter. Jennison Associates LLC boosted its holdings in Netflix by 4.7% in the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after purchasing an additional 316,594 shares in the last quarter. International Assets Investment Management LLC increased its stake in Netflix by 116,620.0% in the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after purchasing an additional 5,748,200 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in Netflix by 0.5% during the third quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network’s stock worth $3,473,571,000 after purchasing an additional 23,702 shares in the last quarter. Hedge funds and other institutional investors 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.