Netflix (NASDAQ:NFLX) Given New $1,140.00 Price Target at UBS Group

Netflix (NASDAQ:NFLX) had its price objective decreased by investment analysts at UBS Group from $1,150.00 to $1,140.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the Internet television network’s stock. UBS Group’s target price would indicate a potential upside of 18.55% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. Rosenblatt Securities upgraded shares of Netflix from a “neutral” rating to a “buy” rating and boosted their price target for the company from $680.00 to $1,494.00 in a report on Wednesday, January 22nd. Benchmark upgraded Netflix from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. Loop Capital reaffirmed a “hold” rating on shares of Netflix in a research note on Monday, March 24th. KeyCorp lowered their price target on Netflix from $1,100.00 to $1,000.00 and set an “overweight” rating for the company in a research note on Wednesday, April 9th. Finally, StockNews.com lowered shares of Netflix from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong 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 $1,021.31.

Netflix Stock Down 1.5 %

Shares of Netflix stock opened at $961.63 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix has a 1 year low of $542.01 and a 1 year high of $1,064.50. The stock has a 50-day moving average price of $956.66 and a 200 day moving average price of $888.16. The company has a market cap of $411.34 billion, a P/E ratio of 48.49, a P/E/G ratio of 2.12 and a beta of 1.55.

Netflix (NASDAQ:NFLX) last posted its quarterly 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. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the firm earned $2.11 earnings per share. The firm’s revenue was up 16.0% compared to the same quarter last year. As a group, analysts expect that Netflix will post 24.58 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Chairman Reed Hastings sold 25,360 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total value of $23,360,364.00. Following the sale, the chairman now owns 394 shares of the company’s stock, valued at $362,933.10. The trade was a 98.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 274,312 shares of company stock worth $267,919,297. 1.76% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Netflix

Several large investors have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its holdings in shares of Netflix by 13.3% during the third quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock valued at $1,200,485,000 after acquiring an additional 198,148 shares during the period. M&T Bank Corp lifted its holdings in Netflix by 4.2% during the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock valued at $29,751,000 after purchasing an additional 1,684 shares during the last quarter. McIlrath & Eck LLC boosted its position in Netflix by 13.8% in the third quarter. McIlrath & Eck LLC now owns 247 shares of the Internet television network’s stock valued at $175,000 after buying an additional 30 shares in the last quarter. Advisory Resource Group grew its stake in Netflix by 0.7% during the third quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock worth $1,238,000 after buying an additional 12 shares during the last quarter. Finally, Virtu Financial LLC increased its holdings in shares of Netflix by 356.5% during the third quarter. Virtu Financial LLC now owns 13,879 shares of the Internet television network’s stock worth $9,844,000 after buying an additional 10,839 shares in the last quarter. 80.93% of the stock is currently owned by 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.