Netflix (NASDAQ:NFLX) Given New $1,040.00 Price Target at UBS Group

Netflix (NASDAQ:NFLX) had its price target lifted by UBS Group from $825.00 to $1,040.00 in a research note issued to investors on Thursday, MarketBeat.com reports. They currently have a buy rating on the Internet television network’s stock.

A number of other analysts also recently weighed in on NFLX. The Goldman Sachs Group set a $750.00 target price on Netflix in a research report on Friday, October 18th. Piper Sandler reiterated an “overweight” rating and set a $840.00 price objective (up from $800.00) on shares of Netflix in a research note on Friday, October 18th. Bank of America boosted their target price on shares of Netflix from $800.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Morgan Stanley increased their price target on shares of Netflix from $820.00 to $830.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Finally, Pivotal Research boosted their price objective on shares of 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, ten have assigned a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and an average target price of $807.70.

Netflix Price Performance

Shares of Netflix stock opened at $909.05 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $388.58 billion, a price-to-earnings ratio of 51.45, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. Netflix has a twelve month low of $461.86 and a twelve month high of $941.75. The company has a 50-day simple moving average of $832.76 and a two-hundred day simple moving average of $729.15.

Netflix (NASDAQ:NFLX) last announced 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 company had revenue of $9.82 billion for 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%. Analysts forecast that Netflix will post 19.78 EPS for the current year.

Insider Transactions at Netflix

In other Netflix news, insider David A. Hyman sold 267 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the transaction, the insider now owns 31,610 shares in the company, valued at approximately $24,202,828.70. This represents a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Timothy M. Haley sold 11,090 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. Insiders have sold 164,977 shares of company stock valued at $129,317,467 in the last 90 days. 1.76% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Hennion & Walsh Asset Management Inc. boosted its stake in Netflix by 43.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 542 shares of the Internet television network’s stock valued at $366,000 after purchasing an additional 164 shares during the last quarter. Cornerstone Wealth Group LLC boosted its position in shares of Netflix by 3.9% during the second quarter. Cornerstone Wealth Group LLC now owns 1,271 shares of the Internet television network’s stock valued at $858,000 after buying an additional 48 shares during the last quarter. Diversified LLC bought a new stake in Netflix during the second quarter worth $232,000. Secure Asset Management LLC raised its position in Netflix by 11.1% in the 2nd quarter. Secure Asset Management LLC now owns 892 shares of the Internet television network’s stock valued at $602,000 after buying an additional 89 shares during the last quarter. Finally, TrueWealth Advisors LLC bought a new position in Netflix during the 2nd quarter valued at $273,000. 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.