Netflix (NASDAQ:NFLX) Price Target Raised to $1,450.00

Netflix (NASDAQ:NFLX) had its price target increased by UBS Group from $1,150.00 to $1,450.00 in a research report released on Wednesday,Benzinga reports. They currently have a buy rating on the Internet television network’s stock.

Other analysts have also recently issued research reports about the company. Barclays increased their target price on Netflix from $900.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Monday, April 21st. Moffett Nathanson reaffirmed a “buy” rating and set a $1,150.00 price objective (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Wall Street Zen cut shares of Netflix from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Phillip Securities raised shares of Netflix from a “moderate sell” rating to a “hold” rating in a report on Monday, April 21st. Finally, Jefferies Financial Group boosted their price target on shares of Netflix from $1,200.00 to $1,400.00 and gave the stock a “buy” rating in a research note on Tuesday. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $1,149.91.

Netflix Stock Performance

NFLX opened at $1,241.47 on Wednesday. The company has a 50 day simple moving average of $1,087.80 and a two-hundred day simple moving average of $987.81. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market cap of $528.33 billion, a P/E ratio of 62.61, a PEG ratio of 2.12 and a beta of 1.59. Netflix has a 1-year low of $587.04 and a 1-year high of $1,262.81.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating analysts’ consensus estimates of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $10.51 billion. During the same quarter in the previous year, the company earned $8.28 EPS. Equities analysts forecast that Netflix will post 24.58 earnings per share for the current fiscal year.

Insider Activity at Netflix

In related news, CAO Jeffrey William Karbowski sold 160 shares of the firm’s stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jay C. Hoag sold 32,515 shares of Netflix stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the completion of the transaction, the director now owns 79,040 shares in the company, valued at $87,099,708.80. This trade represents a 29.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 153,390 shares of company stock worth $170,509,439 over the last three months. 1.37% of the stock is owned by corporate insiders.

Institutional Trading of Netflix

Hedge funds have recently modified their holdings of the company. Janus Henderson Group PLC increased its position in shares of Netflix by 8.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network’s stock worth $1,227,468,000 after purchasing an additional 110,432 shares in the last quarter. PharVision Advisers LLC acquired a new stake in Netflix in the fourth quarter worth about $873,000. First National Trust Co grew its stake in shares of Netflix by 1.0% during the fourth quarter. First National Trust Co now owns 1,258 shares of the Internet television network’s stock worth $1,121,000 after acquiring an additional 12 shares during the last quarter. Haven Private LLC purchased a new stake in shares of Netflix during the fourth quarter worth about $733,000. Finally, Sigma Planning Corp increased its holdings in shares of Netflix by 7.4% during the fourth quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network’s stock valued at $4,966,000 after acquiring an additional 386 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other 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.