Netflix (NASDAQ:NFLX) Shares Up 0.2% Following Analyst Upgrade

Netflix, Inc. (NASDAQ:NFLX)’s share price rose 0.2% during mid-day trading on Friday 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 $906.50 and last traded at $904.23. Approximately 1,272,112 shares traded hands during trading, a decline of 65% from the average daily volume of 3,599,040 shares. The stock had previously closed at $902.04.

Several other analysts have also recently commented on the company. BMO Capital Markets reissued an “outperform” rating and issued a $825.00 price target (up from $770.00) on shares of Netflix in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Morgan Stanley increased their price target on shares of Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a report on Friday, October 18th. The Goldman Sachs Group set a $750.00 price objective on shares of Netflix in a report on Friday, October 18th. Finally, Sanford C. Bernstein increased their target price on shares of Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $807.70.

Insider Transactions at Netflix

In other Netflix news, Director Timothy M. Haley sold 11,090 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total transaction of $8,405,776.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 4,392 shares of Netflix stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total transaction of $3,184,200.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $9,490,250. This trade represents a 25.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 164,977 shares of company stock valued at $129,317,467. 1.76% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Netflix

A number of large investors have recently bought and sold shares of NFLX. Denver PWM LLC bought a new stake in shares of Netflix in the 2nd quarter worth approximately $25,000. RPg Family Wealth Advisory LLC bought a new stake in Netflix in the third quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. boosted 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 valued at $34,000 after acquiring an additional 42 shares during the period. MidAtlantic Capital Management Inc. acquired a new position in shares of Netflix during the third quarter valued at $37,000. Finally, Summit Securities Group LLC bought a new position in shares of Netflix during the second quarter worth about $38,000. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

The firm has a market cap of $388.58 billion, a price-to-earnings ratio of 51.45, a PEG ratio of 1.77 and a beta of 1.27. The stock’s fifty day moving average is $832.76 and its two-hundred day moving average is $728.47. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping the consensus estimate of $5.09 by $0.31. The firm had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. On average, analysts expect that Netflix, Inc. will post 19.78 earnings per share 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.