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

Netflix (NASDAQ:NFLX) had its price target upped by equities researchers at UBS Group from $825.00 to $1,040.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the Internet television network’s stock. UBS Group’s price objective would indicate a potential upside of 16.91% from the stock’s current price.

Other research analysts have also issued reports about the stock. KeyCorp increased their price target 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. Needham & Company LLC lifted their target price on shares of Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Macquarie reissued an “outperform” rating and issued a $795.00 price target on shares of Netflix in a research report on Friday, October 18th. Wedbush reissued an “outperform” rating and set a $950.00 price objective (up from $800.00) on shares of Netflix in a research report on Monday, November 18th. Finally, China Renaissance began coverage on shares of Netflix in a report on Thursday, September 5th. They issued a “hold” rating and a $680.00 target price for the company. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $807.70.

Netflix Trading Down 3.2 %

NASDAQ NFLX opened at $889.55 on Thursday. The company has a market capitalization of $380.25 billion, a price-to-earnings ratio of 50.34, a PEG ratio of 1.77 and a beta of 1.27. The stock’s 50-day simple moving average is $825.60 and its two-hundred day simple moving average is $725.33. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix has a twelve month low of $461.86 and a twelve month 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 for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The firm had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. Research analysts forecast that Netflix will post 19.78 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Gregory K. Peters sold 4,392 shares of the company’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $725.00, for a total transaction of $3,184,200.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at $9,490,250. This represents a 25.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Reed Hastings sold 45,290 shares of Netflix stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total value of $31,981,986.40. Following the completion of the transaction, the chairman now owns 85 shares in the company, valued at $60,023.60. This trade represents a 99.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 164,977 shares of company stock worth $129,317,467 in the last three months. Corporate insiders own 1.76% of the company’s stock.

Institutional Trading of Netflix

Several hedge funds have recently modified their holdings of the company. State Street Corp raised its stake 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 grew its holdings in Netflix by 1.4% in 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 increased its position in shares of Netflix by 4.7% during the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock worth $4,958,417,000 after purchasing an additional 316,594 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Netflix by 116,620.0% during the 3rd 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 boosted its position in shares of Netflix by 0.5% in the 3rd 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. 80.93% of the stock is owned by hedge funds and other institutional investors.

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.