Netflix (NASDAQ:NFLX) Price Target Raised to $1,450.00

Netflix (NASDAQ:NFLX - Free Report) had its price target upped by UBS Group from $1,150.00 to $1,450.00 in a report issued on Wednesday,Benzinga reports. UBS Group currently has a buy rating on the Internet television network's stock.

Several other equities research analysts also recently commented on the stock. Morgan Stanley lifted their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Oppenheimer restated an "outperform" rating and issued a $1,200.00 price target (up previously from $1,150.00) on shares of Netflix in a research report on Friday, April 18th. BMO Capital Markets restated an "outperform" rating and issued a $1,200.00 price target (up previously from $1,175.00) on shares of Netflix in a research report on Friday, April 18th. Macquarie boosted their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a research report on Monday, April 21st. Finally, Wells Fargo & Company boosted their target price on shares of Netflix from $1,210.00 to $1,222.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,149.91.

Netflix Price Performance

Shares of Netflix stock traded up $10.86 during midday trading on Wednesday, hitting $1,250.52. 2,814,568 shares of the company traded hands, compared to its average volume of 3,749,685. The stock has a market cap of $532.19 billion, a price-to-earnings ratio of 63.06, a PEG ratio of 2.12 and a beta of 1.58. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The firm's fifty day moving average price is $1,075.18 and its 200-day moving average price is $982.47. Netflix has a 12 month low of $587.04 and a 12 month high of $1,262.59.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same period last year, the company earned $8.28 EPS. As a group, sell-side analysts forecast that Netflix will post 24.58 earnings per share for the current year.

Insiders Place Their Bets

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total transaction of $469,526.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $1,211.67, for a total transaction of $3,151,553.67. Following the transaction, the chief financial officer now directly owns 3,691 shares in the company, valued at $4,472,273.97. This trade represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 152,300 shares of company stock valued at $169,146,939. 1.37% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in NFLX. GAMMA Investing LLC increased its stake in shares of Netflix by 109,524.3% in the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after buying an additional 8,827,662 shares during the period. Norges Bank bought a new stake in Netflix in the fourth quarter valued at $5,019,087,000. Nuveen LLC bought a new stake in Netflix in the first quarter valued at $2,385,585,000. Proficio Capital Partners LLC boosted its holdings in Netflix by 123,836.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network's stock valued at $1,716,662,000 after acquiring an additional 1,924,423 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Netflix by 57.3% in the first quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network's stock valued at $3,164,134,000 after acquiring an additional 1,236,251 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.