Netflix (NFLX) Rating Reiterated by UBS Group

Netflix (NASDAQ:NFLX)‘s stock had its “neutral” rating reaffirmed by analysts at UBS Group in a research report issued on Wednesday, www.boersen-zeitung.de reports. They currently have a $400.00 target price on the Internet television network’s stock. UBS Group’s price objective suggests a potential upside of 15.37% from the stock’s current price.

Several other brokerages also recently commented on NFLX. Credit Suisse Group reiterated a “neutral” rating and issued a $330.00 target price on shares of Netflix in a report on Thursday, June 21st. JPMorgan Chase & Co. reiterated a “buy” rating and set a $385.00 target price on shares of Netflix in a research report on Wednesday, July 11th. Pivotal Research increased their target price on shares of Netflix from $420.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, June 21st. Nomura initiated coverage on shares of Netflix in a research report on Tuesday, July 10th. They set a “neutral” rating and a $370.00 target price for the company. Finally, Stifel Nicolaus increased their target price on shares of Netflix from $345.00 to $406.00 and gave the stock a “hold” rating in a research report on Wednesday, July 11th. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and thirty-one have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $376.83.

Shares of NFLX stock opened at $346.71 on Wednesday. The stock has a market capitalization of $158.81 billion, a PE ratio of 277.37, a PEG ratio of 4.66 and a beta of 0.89. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.39 and a quick ratio of 1.54. Netflix has a one year low of $178.38 and a one year high of $423.21.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, October 16th. The Internet television network reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.21. The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.99 billion. Netflix had a net margin of 8.48% and a return on equity of 29.52%. The firm’s revenue for the quarter was up 34.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.29 earnings per share. On average, equities research analysts anticipate that Netflix will post 2.61 earnings per share for the current fiscal year.

In other Netflix news, CFO David B. Wells sold 1,000 shares of the business’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $314.64, for a total transaction of $314,640.00. Following the transaction, the chief financial officer now directly owns 1,000 shares of the company’s stock, valued at approximately $314,640. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Theodore A. Sarandos sold 111,391 shares of the business’s stock in a transaction on Monday, July 23rd. The shares were sold at an average price of $360.00, for a total transaction of $40,100,760.00. Following the transaction, the insider now directly owns 16,065 shares in the company, valued at $5,783,400. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 403,334 shares of company stock worth $142,463,785. 4.29% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its position in Netflix by 2.3% during the 2nd quarter. BlackRock Inc. now owns 27,436,409 shares of the Internet television network’s stock valued at $10,739,434,000 after purchasing an additional 619,795 shares during the period. FMR LLC increased its position in Netflix by 6.1% during the 2nd quarter. FMR LLC now owns 26,511,408 shares of the Internet television network’s stock valued at $10,377,360,000 after purchasing an additional 1,534,290 shares during the period. Edgewood Management LLC increased its position in Netflix by 2.3% during the 2nd quarter. Edgewood Management LLC now owns 2,523,740 shares of the Internet television network’s stock valued at $987,868,000 after purchasing an additional 55,566 shares during the period. Morgan Stanley increased its position in Netflix by 1.6% during the 2nd quarter. Morgan Stanley now owns 2,364,657 shares of the Internet television network’s stock valued at $925,600,000 after purchasing an additional 37,425 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in Netflix by 4.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,581,565 shares of the Internet television network’s stock valued at $619,072,000 after purchasing an additional 65,394 shares during the period. 73.83% of the stock is currently owned by institutional investors and hedge funds.

About Netflix

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

Read More: Asset Allocation and Your Retirement

Analyst Recommendations for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply