Netflix (NASDAQ:NFLX) Price Target Raised to $825.00 at UBS Group

Netflix (NASDAQ:NFLX) had its price objective upped by UBS Group from $750.00 to $825.00 in a research report released on Friday morning, MarketBeat reports. UBS Group currently has a buy rating on the Internet television network’s stock.

Several other equities research analysts have also recently issued reports on the stock. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research report on Tuesday, September 24th. TD Cowen increased their price objective on Netflix from $775.00 to $820.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. Oppenheimer lifted their target price on Netflix from $775.00 to $825.00 and gave the company an “outperform” rating in a research report on Friday. Benchmark restated a “sell” rating and set a $545.00 price target on shares of Netflix in a research note on Tuesday. Finally, Sanford C. Bernstein increased their target price on shares of Netflix from $600.00 to $625.00 and gave the stock a “market perform” rating in a report on Friday, July 19th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $739.38.

Netflix Stock Performance

NASDAQ:NFLX opened at $763.89 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. The stock’s fifty day moving average is $696.38 and its 200 day moving average is $654.66. The firm has a market capitalization of $329.24 billion, a PE ratio of 53.01, a PEG ratio of 1.49 and a beta of 1.26. Netflix has a fifty-two week low of $392.26 and a fifty-two week high of $766.28.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. The business had revenue of $9.56 billion for the quarter, compared to analyst estimates of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The business’s revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the firm posted $3.29 earnings per share. On average, sell-side analysts anticipate that Netflix will post 19.08 earnings per share for the current year.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Leslie J. Kilgore sold 383 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $730.00, for a total transaction of $279,590.00. Following the completion of the transaction, the director now owns 35,262 shares in the company, valued at $25,741,260. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $19,128,159.30. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 225,167 shares of company stock valued at $150,492,460 in the last three months. 1.76% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Netflix

Hedge funds and other institutional investors have recently modified their holdings of the business. Heartland Bank & Trust Co raised its holdings in Netflix by 0.9% in the 2nd quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock valued at $1,195,000 after acquiring an additional 15 shares during the last quarter. Cedrus LLC grew its position in shares of Netflix by 0.8% in the third quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock valued at $1,263,000 after purchasing an additional 15 shares in the last quarter. Meritas Wealth Management LLC increased its holdings in shares of Netflix by 2.9% in the third quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock valued at $406,000 after purchasing an additional 16 shares during the last quarter. Stage Harbor Financial LLC boosted its stake in Netflix by 4.8% during the third quarter. Stage Harbor Financial LLC now owns 346 shares of the Internet television network’s stock worth $250,000 after buying an additional 16 shares during the last quarter. Finally, Compass Ion Advisors LLC grew its holdings in Netflix by 4.5% in the 3rd quarter. Compass Ion Advisors LLC now owns 369 shares of the Internet television network’s stock valued at $262,000 after buying an additional 16 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.