UBS Group Issues Positive Forecast for Netflix (NASDAQ:NFLX) Stock Price

Netflix (NASDAQ:NFLX - Get Free Report) had its target price upped by analysts at UBS Group from $1,450.00 to $1,495.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the Internet television network's stock. UBS Group's price objective would indicate a potential upside of 23.63% from the stock's previous close.

Several other brokerages also recently issued reports on NFLX. Citigroup reiterated a "neutral" rating and issued a $1,250.00 price objective (up previously from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. KeyCorp lifted their target price on Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Pivotal Research reaffirmed a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. Seaport Res Ptn cut Netflix from a "strong-buy" rating to a "hold" rating in a research note on Sunday, July 6th. Finally, Cfra Research raised Netflix to a "strong-buy" rating in a research note on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,275.30.

Netflix Stock Performance

NFLX traded down $64.93 during midday trading on Friday, reaching $1,209.24. The company's stock had a trading volume of 10,678,762 shares, compared to its average volume of 3,762,863. The stock has a market cap of $514.62 billion, a P/E ratio of 51.52, a PEG ratio of 2.19 and a beta of 1.59. The company has a fifty day simple moving average of $1,232.59 and a 200 day simple moving average of $1,061.94. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. Netflix has a twelve month low of $587.04 and a twelve month high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 43.00% and a net margin of 24.58%. The company had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter last year, the company earned $4.88 EPS. The company's quarterly revenue was up 15.9% on a year-over-year basis. Research analysts expect that Netflix will post 24.58 earnings per share for the current year.

Insider Activity at Netflix

In other Netflix news, Director Jay C. Hoag sold 32,515 shares of the business's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the completion of the sale, the director directly owned 79,040 shares of the company's stock, valued at $87,099,708.80. The trade was a 29.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $1,132.38, for a total transaction of $2,945,320.38. Following the completion of the sale, the chief financial officer directly owned 3,691 shares of the company's stock, valued at $4,179,614.58. This represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 186,723 shares of company stock valued at $223,307,201 over the last ninety days. 1.37% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Netflix

A number of institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC grew 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 worth $4,804,000 after purchasing an additional 257 shares during the period. Revolve Wealth Partners LLC grew its holdings in shares of Netflix by 16.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after buying an additional 144 shares during the last quarter. BIP Wealth LLC grew its holdings in shares of Netflix by 23.8% during the fourth quarter. BIP Wealth LLC now owns 453 shares of the Internet television network's stock valued at $403,000 after buying an additional 87 shares during the last quarter. Northwest & Ethical Investments L.P. purchased a new stake in shares of Netflix during the fourth quarter valued at approximately $4,674,000. Finally, Whittier Trust Co. boosted its holdings in Netflix by 1.1% in the fourth quarter. Whittier Trust Co. now owns 4,047 shares of the Internet television network's stock worth $3,607,000 after purchasing an additional 45 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

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.