Netflix (NASDAQ:NFLX) Given New $825.00 Price Target at UBS Group

Netflix (NASDAQ:NFLX) had its price target raised by UBS Group from $750.00 to $825.00 in a research note issued to investors on Friday, MarketBeat Ratings reports. The firm currently has a buy rating on the Internet television network’s stock.

A number of other research firms also recently weighed in on NFLX. Redburn Atlantic upped their target price on Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Bank of America upped their price target on Netflix from $700.00 to $740.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Needham & Company LLC raised their price objective on Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research report on Friday. Jefferies Financial Group upped their target price on shares of Netflix from $655.00 to $780.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Finally, Argus lifted their price target on shares of Netflix from $660.00 to $767.00 and gave the company a “buy” rating in a research report on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $739.38.

Netflix Stock Up 11.1 %

Shares of Netflix stock opened at $763.89 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. Netflix has a 12-month low of $392.26 and a 12-month high of $766.28. The company has a market cap of $329.24 billion, a P/E ratio of 53.01, a PEG ratio of 1.49 and a beta of 1.26. The company’s fifty day simple moving average is $696.38 and its two-hundred day simple moving average is $654.66.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The company had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.53 billion. During the same quarter in the previous year, the company earned $3.29 earnings per share. Netflix’s quarterly revenue was up 16.8% on a year-over-year basis. Research analysts anticipate that Netflix will post 19.08 EPS for the current year.

Insider Activity at Netflix

In other Netflix news, Chairman Reed Hastings sold 25,599 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $631.43, for a total value of $16,163,976.57. Following the transaction, the chairman now directly owns 57 shares in the company, valued at approximately $35,991.51. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider David A. Hyman sold 20,656 shares of the 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 completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Reed Hastings sold 25,599 shares of Netflix stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $631.43, for a total transaction of $16,163,976.57. Following the transaction, the chairman now owns 57 shares in the company, valued at approximately $35,991.51. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 225,167 shares of company stock worth $150,492,460. 1.76% of the stock is owned by company insiders.

Institutional Investors Weigh In On Netflix

A number of institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its stake in shares of Netflix by 26.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 182,106 shares of the Internet television network’s stock worth $129,163,000 after acquiring an additional 38,166 shares during the period. Compass Ion Advisors LLC increased its holdings in shares of Netflix by 4.5% in the third quarter. Compass Ion Advisors LLC now owns 369 shares of the Internet television network’s stock worth $262,000 after purchasing an additional 16 shares during the last quarter. Vest Financial LLC lifted its position in shares of Netflix by 154.1% in the third quarter. Vest Financial LLC now owns 1,794 shares of the Internet television network’s stock worth $1,272,000 after buying an additional 1,088 shares in the last quarter. West Branch Capital LLC boosted its stake in Netflix by 30.3% during the third quarter. West Branch Capital LLC now owns 1,389 shares of the Internet television network’s stock valued at $985,000 after buying an additional 323 shares during the last quarter. Finally, OLD National Bancorp IN grew its holdings in Netflix by 4.5% during the 3rd quarter. OLD National Bancorp IN now owns 3,547 shares of the Internet television network’s stock valued at $2,516,000 after buying an additional 154 shares in the last quarter. Hedge funds and other 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.