Netflix (NASDAQ:NFLX) Given New $1,140.00 Price Target at UBS Group

Netflix (NASDAQ:NFLX - Free Report) had its target price trimmed by UBS Group from $1,150.00 to $1,140.00 in a research report released on Tuesday,Benzinga reports. The firm currently has a buy rating on the Internet television network's stock.

A number of other equities analysts have also commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Netflix from $650.00 to $875.00 and gave the company a "hold" rating in a research report on Wednesday, January 22nd. Piper Sandler restated an "overweight" rating and set a $1,100.00 price target (up from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Morgan Stanley lifted their price objective on Netflix from $1,050.00 to $1,150.00 and gave the company an "overweight" rating in a research report on Wednesday, January 22nd. Guggenheim reissued a "buy" rating and issued a $1,100.00 price objective on shares of Netflix in a research note on Thursday, April 3rd. Finally, Macquarie raised their target price on Netflix from $965.00 to $1,150.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Netflix currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,023.49.

Netflix Stock Performance

Shares of NFLX stock traded up $11.40 during trading on Tuesday, reaching $973.03. The company had a trading volume of 8,733,404 shares, compared to its average volume of 3,723,709. The firm's 50 day simple moving average is $954.87 and its two-hundred day simple moving average is $891.82. Netflix has a one year low of $542.01 and a one year high of $1,064.50. 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 company has a market capitalization of $416.22 billion, a PE ratio of 49.07, a PEG ratio of 2.12 and a beta of 1.55.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter last year, the company earned $8.28 EPS. Sell-side analysts forecast that Netflix will post 24.58 earnings per share for the current year.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 102,228 shares of the firm's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the sale, the chief executive officer now owns 12,950 shares of the company's stock, valued at $12,700,583. This trade represents a 88.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $986.75, for a total value of $473,640.00. The disclosure for this sale can be found here. Insiders have sold 274,312 shares of company stock valued at $267,919,297 over the last ninety days. 1.76% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Netflix

Institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its stake in Netflix by 13.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network's stock valued at $1,200,485,000 after purchasing an additional 198,148 shares during the last quarter. M&T Bank Corp boosted its position in Netflix by 4.2% in the third quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network's stock worth $29,751,000 after purchasing an additional 1,684 shares during the last quarter. McIlrath & Eck LLC raised its position in Netflix by 13.8% in the third quarter. McIlrath & Eck LLC now owns 247 shares of the Internet television network's stock worth $175,000 after acquiring an additional 30 shares during the period. Advisory Resource Group lifted its stake in Netflix by 0.7% in the third quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network's stock valued at $1,238,000 after purchasing an additional 12 shares during the last quarter. Finally, Virtu Financial LLC grew its stake in shares of Netflix by 356.5% during the 3rd quarter. Virtu Financial LLC now owns 13,879 shares of the Internet television network's stock worth $9,844,000 after acquiring an additional 10,839 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Company Profile

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.