Netflix (NASDAQ:NFLX) Stock Price Expected to Rise, UBS Group Analyst Says

Netflix (NASDAQ:NFLX) had its target price hoisted by research analysts at UBS Group from $825.00 to $1,040.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the Internet television network’s stock. UBS Group’s price target would suggest a potential upside of 16.91% from the company’s previous close.

Several other equities research analysts also recently issued reports on the stock. Barclays reiterated an “underweight” rating and issued a $550.00 target price on shares of Netflix in a research note on Friday, October 18th. Sanford C. Bernstein boosted their price target on Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Guggenheim increased their price objective on Netflix from $810.00 to $825.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. BMO Capital Markets reissued an “outperform” rating and set a $825.00 target price (up previously from $770.00) on shares of Netflix in a report on Friday, October 18th. Finally, Citigroup upped their price target on shares of Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $807.70.

Netflix Trading Down 3.2 %

Shares of NASDAQ NFLX opened at $889.55 on Thursday. The company’s 50 day simple moving average is $825.60 and its 200 day simple moving average is $725.33. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. Netflix has a fifty-two week low of $461.86 and a fifty-two week high of $941.75. The firm has a market capitalization of $380.25 billion, a P/E ratio of 50.34, a P/E/G ratio of 1.77 and a beta of 1.27.

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

Insider Buying and Selling at Netflix

In related news, Director Leslie J. Kilgore sold 402 shares of Netflix stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total value of $291,450.00. Following the sale, the director now owns 35,262 shares of the company’s stock, valued at approximately $25,564,950. The trade was a 1.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 4,392 shares of the firm’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $725.00, for a total value of $3,184,200.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $9,490,250. This represents a 25.12 % 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 valued at $129,317,467. 1.76% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Denver PWM LLC bought a new stake in Netflix during the 2nd quarter worth approximately $25,000. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix in the third quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after buying an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in Netflix during the third quarter valued at $37,000. Finally, Summit Securities Group LLC purchased a new position in Netflix during the second quarter worth about $38,000. 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.