Netflix (NASDAQ:NFLX) Stock Price Up 1.7% After Analyst Upgrade

Shares of Netflix, Inc. (NASDAQ:NFLX) were up 1.7% during mid-day trading on Thursday after UBS Group raised their price target on the stock from $825.00 to $1,040.00. UBS Group currently has a buy rating on the stock. Netflix traded as high as $912.62 and last traded at $905.04. Approximately 829,008 shares were traded during trading, a decline of 77% from the average daily volume of 3,600,280 shares. The stock had previously closed at $889.55.

Several other equities analysts have also commented on NFLX. Benchmark reaffirmed a “sell” rating and issued a $545.00 price objective on shares of Netflix in a research report on Tuesday, October 15th. Rosenblatt Securities boosted their price target on Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. The Goldman Sachs Group set a $750.00 price target on shares of Netflix in a research report on Friday, October 18th. Needham & Company LLC boosted their price objective on Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Finally, Pivotal Research lifted their price target on Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat, Netflix has an average rating of “Moderate Buy” and an average price target of $807.70.

Insiders Place Their Bets

In other Netflix news, CEO Gregory K. Peters sold 4,392 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total value of $3,184,200.00. Following the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $9,490,250. This represents a 25.12 % 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 48,363 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the sale, the chairman now owns 114 shares of the company’s stock, valued at $102,212.40. This represents a 99.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 164,977 shares of company stock worth $129,317,467 over the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Institutional Investors Weigh In On Netflix

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Denver PWM LLC acquired a new stake in Netflix during the 2nd quarter worth $25,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix during the third quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after buying an additional 42 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new position in Netflix in the 3rd quarter valued at about $37,000. Finally, Summit Securities Group LLC acquired a new position in Netflix in the 2nd quarter valued at about $38,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Trading Up 1.4 %

The company has a 50 day simple moving average of $829.03 and a 200 day simple moving average of $726.56. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $385.58 billion, a PE ratio of 51.05, a P/E/G ratio of 1.77 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. The company had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. Analysts predict that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

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.