Netflix (NASDAQ:NFLX) Given New $1,150.00 Price Target at UBS Group

Netflix (NASDAQ:NFLX) had its price objective raised by equities research analysts at UBS Group from $1,040.00 to $1,150.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the Internet television network’s stock. UBS Group’s target price indicates a potential upside of 16.77% from the stock’s current price.

A number of other research firms also recently weighed in on NFLX. Rosenblatt Securities raised Netflix from a “neutral” rating to a “buy” rating and upped their price target for the stock from $680.00 to $1,494.00 in a research report on Wednesday. Evercore ISI increased their target price on shares of Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Wednesday. Sanford C. Bernstein boosted their price target on shares of Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Loop Capital raised their price objective on Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. upped their target price on Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Wednesday. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $996.94.

Netflix Stock Up 3.2 %

Shares of NFLX stock opened at $984.86 on Wednesday. Netflix has a 12-month low of $537.07 and a 12-month 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 firm has a fifty day moving average of $889.11 and a 200-day moving average of $763.41. The company has a market capitalization of $420.99 billion, a price-to-earnings ratio of 49.67, a P/E/G ratio of 1.41 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10,141,900 billion. Netflix had a return on equity of 39.48% and a net margin of 22.34%. The company’s revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.11 EPS. As a group, equities research analysts predict that Netflix will post 23.43 earnings per share for the current fiscal year.

Insider Activity at Netflix

In other Netflix news, Chairman Reed Hastings sold 48,363 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the transaction, the chairman now directly owns 114 shares in the company, valued at $102,212.40. The trade was a 99.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the sale, the director now directly owns 246 shares in the company, valued at approximately $216,327.48. This represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 146,500 shares of company stock valued at $123,309,210 over the last quarter. 1.76% of the stock is owned by corporate insiders.

Institutional Trading of Netflix

Several large investors have recently bought and sold shares of the business. Custom Index Systems LLC lifted its holdings in shares of Netflix by 3.7% in the fourth quarter. Custom Index Systems LLC now owns 1,569 shares of the Internet television network’s stock worth $1,398,000 after acquiring an additional 56 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in Netflix during the 4th quarter worth approximately $446,000. Austin Private Wealth LLC lifted its stake in Netflix by 16.8% in the 4th quarter. Austin Private Wealth LLC now owns 834 shares of the Internet television network’s stock valued at $743,000 after purchasing an additional 120 shares during the last quarter. Caprock Group LLC boosted its position in Netflix by 3.9% in the fourth quarter. Caprock Group LLC now owns 17,745 shares of the Internet television network’s stock valued at $15,817,000 after buying an additional 661 shares in the last quarter. Finally, New Wave Wealth Advisors LLC grew its stake in shares of Netflix by 5.7% during the fourth quarter. New Wave Wealth Advisors LLC now owns 1,754 shares of the Internet television network’s stock worth $1,563,000 after buying an additional 95 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

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.