Netflix (NASDAQ:NFLX) Stock Price Up 1.3% Following Analyst Upgrade

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) traded up 1.3% during trading on Wednesday after UBS Group raised their price target on the stock from $1,150.00 to $1,450.00. UBS Group currently has a buy rating on the stock. Netflix traded as high as $1,233.73 and last traded at $1,233.72. 709,593 shares changed hands during trading, a decline of 81% from the average session volume of 3,739,885 shares. The stock had previously closed at $1,217.94.

Several other research firms have also recently issued reports on NFLX. Oppenheimer reiterated an "outperform" rating and issued a $1,200.00 target price (up from $1,150.00) on shares of Netflix in a research note on Friday, April 18th. Canaccord Genuity Group boosted their target price on shares of Netflix from $1,200.00 to $1,380.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Wolfe Research set a $1,340.00 target price on shares of Netflix and gave the company an "outperform" rating in a research note on Friday, May 16th. Piper Sandler set a $1,150.00 target price on shares of Netflix and gave the company an "overweight" rating in a research note on Monday, April 21st. Finally, Macquarie upped their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research report on Monday, April 21st. Eleven analysts have rated the stock with a hold rating, twenty-five have given 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 a consensus rating of "Moderate Buy" and a consensus price target of $1,149.91.

Insider Activity at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the company's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the completion of the transaction, the chief financial officer now directly owns 3,691 shares in the company, valued at $3,402,068.52. The trade was a 41.34% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 152,300 shares of company stock valued at $169,146,939. 1.37% of the stock is owned by company insiders.

Institutional Trading of Netflix

Hedge funds have recently made changes to their positions in the business. Capital & Planning LLC acquired a new stake in Netflix in the fourth quarter valued at approximately $809,000. Brighton Jones LLC raised its holdings in Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after acquiring an additional 257 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Netflix in the fourth quarter valued at approximately $12,212,000. Revolve Wealth Partners LLC raised its holdings in Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after acquiring an additional 144 shares in the last quarter. Finally, Boston Trust Walden Corp acquired a new stake in Netflix in the fourth quarter valued at approximately $813,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Trading Up 0.9%

The company's fifty day moving average is $1,075.18 and its two-hundred day moving average is $982.47. 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 quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. The firm had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same quarter last year, the company earned $8.28 earnings per share. On average, research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

About Netflix

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.