Netflix (NASDAQ:NFLX) PT Raised to $825.00

Netflix (NASDAQ:NFLX) had its price target raised by stock analysts at UBS Group from $750.00 to $825.00 in a research report issued on Friday, Marketbeat reports. The firm presently has a “buy” rating on the Internet television network’s stock. UBS Group’s target price points to a potential upside of 8.00% from the company’s previous close.

A number of other equities research analysts have also weighed in on the company. Rosenblatt Securities lifted their price objective on Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a report on Friday. Benchmark restated a “sell” rating and issued a $545.00 price target on shares of Netflix in a research note on Tuesday, October 15th. Evercore ISI upped their price objective on Netflix from $710.00 to $750.00 and gave the stock an “outperform” rating in a report on Tuesday, August 27th. KeyCorp raised their target price on Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a report on Friday. Finally, Sanford C. Bernstein upped their price target on shares of Netflix from $600.00 to $625.00 and gave the stock a “market perform” rating in a research note on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $747.70.

Netflix Stock Performance

NASDAQ NFLX opened at $763.89 on Friday. The company has a market capitalization of $329.24 billion, a PE ratio of 53.01, a P/E/G ratio of 1.49 and a beta of 1.26. Netflix has a 1 year low of $392.26 and a 1 year high of $766.28. The company has a fifty day moving average of $696.38 and a two-hundred day moving average of $654.94. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95.

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

Insider Buying and Selling

In other news, Chairman Reed Hastings sold 25,599 shares of the firm’s stock in a transaction dated 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 completion of 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider David A. Hyman sold 20,656 shares of the stock in a transaction on Tuesday, August 6th. The stock was 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 owns 31,610 shares in the company, valued at $19,128,159.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Reed Hastings sold 25,599 shares of Netflix stock in a transaction dated 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 225,167 shares of company stock valued at $150,492,460 over the last quarter. Corporate insiders own 1.76% of the company’s stock.

Institutional Investors Weigh In On Netflix

Large investors have recently added to or reduced their stakes in the stock. Denver PWM LLC bought a new stake in Netflix in the 2nd quarter valued at $25,000. Valued Wealth Advisors LLC boosted its stake in Netflix by 80.0% during the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after buying an additional 20 shares in the last quarter. Indiana Trust & Investment Management CO increased its holdings in Netflix by 112.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after buying an additional 28 shares during the period. Proffitt & Goodson Inc. raised its stake in shares of Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after buying an additional 38 shares in the last quarter. Finally, AlphaMark Advisors LLC increased its stake in Netflix by 642.9% in the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after acquiring an additional 45 shares during the period. Institutional investors own 80.93% of the company’s stock.

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.