UBS AG Reiterates Buy Rating for Netflix, Inc. (NFLX)

UBS AG restated their buy rating on shares of Netflix, Inc. (NASDAQ:NFLX) in a report released on Tuesday, July 18th, www.analystratings.com reports. UBS AG currently has a $190.00 price objective on the Internet television network’s stock, up from their prior price objective of $175.00.

Other research analysts have also recently issued research reports about the company. MKM Partners reaffirmed a buy rating and set a $175.00 target price on shares of Netflix in a research note on Monday, March 27th. Zacks Investment Research raised Netflix from a hold rating to a buy rating and set a $163.00 target price for the company in a research note on Tuesday, March 21st. Loop Capital reaffirmed a buy rating and set a $167.00 target price (up previously from $159.00) on shares of Netflix in a research note on Monday, March 20th. Cantor Fitzgerald reaffirmed a buy rating and set a $160.00 target price (up previously from $148.64) on shares of Netflix in a research note on Thursday, April 13th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a buy rating and set a $170.00 target price on shares of Netflix in a research note on Friday, April 14th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-eight have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $175.13.

Netflix (NASDAQ NFLX) opened at 171.40 on Tuesday. The firm has a 50 day moving average of $168.76 and a 200-day moving average of $153.74. The stock has a market capitalization of $74.00 billion, a PE ratio of 208.52 and a beta of 1.02. Netflix has a 52 week low of $93.26 and a 52 week high of $191.50.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. Netflix’s revenue for the quarter was up 32.3% on a year-over-year basis. During the same period last year, the business posted $0.09 earnings per share. On average, equities analysts predict that Netflix will post $1.19 EPS for the current year.

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In other Netflix news, Director Richard N. Barton sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $176.41, for a total value of $352,820.00. Following the completion of the transaction, the director now directly owns 8,012 shares of the company’s stock, valued at $1,413,396.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Reed Hastings sold 109,214 shares of the company’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $188.61, for a total value of $20,598,852.54. Following the transaction, the chief executive officer now directly owns 109,214 shares of the company’s stock, valued at $20,598,852.54. The disclosure for this sale can be found here. Over the last three months, insiders sold 389,801 shares of company stock valued at $64,889,201. Insiders own 4.90% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Global Financial Private Capital LLC purchased a new position in Netflix during the second quarter valued at $313,000. Winslow Capital Management LLC boosted its position in Netflix by 495,050.8% in the second quarter. Winslow Capital Management LLC now owns 623,890 shares of the Internet television network’s stock valued at $93,216,000 after buying an additional 623,764 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Netflix by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 552,430 shares of the Internet television network’s stock valued at $82,542,000 after buying an additional 30,964 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in Netflix by 0.5% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 102,463 shares of the Internet television network’s stock valued at $15,309,000 after buying an additional 515 shares in the last quarter. Finally, Prisma Capital Partners LP purchased a new position in Netflix during the second quarter valued at $6,619,000. 82.78% of the stock is owned by institutional investors.

Netflix Company Profile

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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