Netflix (NASDAQ:NFLX) Stock Price Up 1.7% After Analyst Upgrade

Netflix, Inc. (NASDAQ:NFLX)’s stock price shot up 1.7% during mid-day trading on Thursday after UBS Group raised their price target on the stock from $825.00 to $1,040.00. UBS Group currently has a buy rating on the stock. Netflix traded as high as $912.62 and last traded at $905.04. 829,008 shares changed hands during trading, a decline of 77% from the average session volume of 3,600,280 shares. The stock had previously closed at $889.55.

Several other research firms also recently commented on NFLX. Jefferies Financial Group raised their price objective on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Barclays restated an “underweight” rating and set a $550.00 price target on shares of Netflix in a research report on Friday, October 18th. Sanford C. Bernstein boosted their price objective on shares of Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Wells Fargo & Company upped their target price on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Finally, Macquarie reissued an “outperform” rating and issued a $795.00 target price on shares of Netflix in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $807.70.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 4,392 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total transaction of $3,184,200.00. Following the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $9,490,250. This represents a 25.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $24,202,828.70. This represents a 0.84 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 164,977 shares of company stock worth $129,317,467. 1.76% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Netflix

Several institutional investors have recently modified their holdings of the stock. Denver PWM LLC acquired a new stake in Netflix during the 2nd quarter worth approximately $25,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix in the 3rd quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings 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 valued at $34,000 after purchasing an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of Netflix during the third quarter worth about $37,000. Finally, Summit Securities Group LLC acquired a new stake in Netflix in the 2nd quarter valued at approximately $38,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Price Performance

The stock has a market cap of $386.47 billion, a P/E ratio of 51.17, a PEG ratio of 1.77 and a beta of 1.27. The company has a 50 day simple moving average of $825.60 and a 200 day simple moving average of $725.33. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping the consensus estimate of $5.09 by $0.31. The firm 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%. Sell-side analysts forecast that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

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.