Netflix (NASDAQ:NFLX) Given a $370.00 Price Target at UBS Group

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Netflix (NASDAQ:NFLX) has been assigned a $370.00 price target by equities research analysts at UBS Group in a research report issued to clients and investors on Thursday, Borsen Zeitung reports. The firm presently has a “buy” rating on the Internet television network’s stock. UBS Group’s target price points to a potential upside of 37.71% from the stock’s previous close.

NFLX has been the subject of a number of other reports. Goldman Sachs Group reissued a “buy” rating and set a $360.00 price target (down from $420.00) on shares of Netflix in a research report on Thursday. Rosenblatt Securities reduced their price target on shares of Netflix from $330.00 to $265.00 and set a “neutral” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. set a $425.00 price target on shares of Netflix and gave the stock a “buy” rating in a research report on Friday, September 27th. Citigroup reduced their price target on shares of Netflix from $420.00 to $410.00 and set a “buy” rating for the company in a research report on Thursday, July 18th. Finally, Raymond James reduced their price target on shares of Netflix from $470.00 to $450.00 and set a “strong-buy” rating for the company in a research report on Thursday, July 18th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. Netflix currently has a consensus rating of “Buy” and a consensus price target of $371.46.

NFLX stock opened at $268.68 on Thursday. The firm has a 50 day moving average of $282.48 and a 200 day moving average of $334.70. The stock has a market capitalization of $117.13 billion, a PE ratio of 100.25, a price-to-earnings-growth ratio of 2.81 and a beta of 1.20. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 2.06. Netflix has a 52 week low of $231.23 and a 52 week high of $385.99.

Netflix (NASDAQ:NFLX) last released its earnings results on Wednesday, July 17th. The Internet television network reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The company had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.93 billion. Netflix had a net margin of 6.53% and a return on equity of 20.88%. Netflix’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same period last year, the business earned $0.85 EPS. On average, equities research analysts expect that Netflix will post 3.25 earnings per share for the current year.

In other news, CEO Reed Hastings sold 55,342 shares of Netflix stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $309.54, for a total transaction of $17,130,562.68. Following the completion of the transaction, the chief executive officer now directly owns 55,342 shares of the company’s stock, valued at approximately $17,130,562.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Bradford L. Smith bought 6,499 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of $308.49 per share, with a total value of $2,004,876.51. Following the completion of the acquisition, the director now owns 799 shares in the company, valued at $246,483.51. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 150,983 shares of company stock valued at $44,378,164. Insiders own 4.29% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in NFLX. Dixon Hubard Feinour & Brown Inc. VA boosted its stake in Netflix by 0.4% during the 1st quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 7,290 shares of the Internet television network’s stock worth $2,599,000 after purchasing an additional 30 shares during the last quarter. Abbrea Capital LLC boosted its position in shares of Netflix by 2.4% during the 2nd quarter. Abbrea Capital LLC now owns 1,382 shares of the Internet television network’s stock valued at $508,000 after acquiring an additional 32 shares during the last quarter. Lindbrook Capital LLC boosted its position in shares of Netflix by 2.8% during the 2nd quarter. Lindbrook Capital LLC now owns 1,259 shares of the Internet television network’s stock valued at $462,000 after acquiring an additional 34 shares during the last quarter. Cornerstone Advisors Inc. boosted its position in shares of Netflix by 1.8% during the 2nd quarter. Cornerstone Advisors Inc. now owns 1,968 shares of the Internet television network’s stock valued at $723,000 after acquiring an additional 35 shares during the last quarter. Finally, Baxter Bros Inc. boosted its position in shares of Netflix by 3.0% during the 2nd quarter. Baxter Bros Inc. now owns 1,226 shares of the Internet television network’s stock valued at $450,000 after acquiring an additional 36 shares during the last quarter. 78.96% of the stock is currently owned by hedge funds and other institutional investors.

About Netflix

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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