Netflix (NASDAQ:NFLX) Trading 0.2% Higher on Analyst Upgrade

Netflix, Inc. (NASDAQ:NFLX - Get Free Report)'s share price was up 0.2% on Friday after UBS Group raised their price target on the stock from $825.00 to $1,040.00. UBS Group currently has a buy rating on the stock. Netflix traded as high as $906.50 and last traded at $904.23. Approximately 1,272,112 shares traded hands during trading, a decline of 65% from the average daily volume of 3,599,040 shares. The stock had previously closed at $902.04.

NFLX has been the topic of several other research reports. Barclays reaffirmed an "underweight" rating and issued a $550.00 price target on shares of Netflix in a report on Friday, October 18th. Wedbush reaffirmed an "outperform" rating and issued a $950.00 price target (up previously from $800.00) on shares of Netflix in a report on Monday, November 18th. Piper Sandler restated an "overweight" rating and issued a $840.00 price objective (up from $800.00) on shares of Netflix in a research report on Friday, October 18th. Needham & Company LLC lifted their target price on shares of Netflix from $700.00 to $800.00 and gave the company a "buy" rating in a research report on Friday, October 18th. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $825.00 price target (up previously from $770.00) on shares of Netflix in a report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $807.70.

Insider Transactions at Netflix

In related news, Chairman Reed Hastings sold 48,363 shares of Netflix stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the sale, the chairman now directly owns 114 shares in the company, valued at $102,212.40. The trade was a 99.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 4,392 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $725.00, for a total value of $3,184,200.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares of the company's stock, valued at approximately $9,490,250. This trade represents a 25.12 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 164,977 shares of company stock valued at $129,317,467. Company insiders own 1.76% of the company's stock.

Institutional Investors Weigh In On Netflix

Several hedge funds have recently bought and sold shares of NFLX. Independent Solutions Wealth Management LLC boosted its position in shares of Netflix by 10.8% in the 3rd quarter. Independent Solutions Wealth Management LLC now owns 2,131 shares of the Internet television network's stock worth $1,512,000 after purchasing an additional 208 shares in the last quarter. SMART Wealth LLC bought a new stake in Netflix in the third quarter worth $414,000. Lord Abbett & CO. LLC grew its stake in shares of Netflix by 20.0% in the third quarter. Lord Abbett & CO. LLC now owns 291,259 shares of the Internet television network's stock worth $206,581,000 after acquiring an additional 48,538 shares during the last quarter. DGS Capital Management LLC increased its holdings in shares of Netflix by 5.2% during the third quarter. DGS Capital Management LLC now owns 1,931 shares of the Internet television network's stock valued at $1,370,000 after acquiring an additional 95 shares in the last quarter. Finally, Oddo BHF Asset Management Sas purchased a new position in shares of Netflix in the 3rd quarter worth about $21,594,000. Institutional investors own 80.93% of the company's stock.

Netflix Trading Up 0.8 %

The stock's 50 day moving average is $832.76 and its 200-day moving average is $728.47. The company has a market cap of $388.58 billion, a P/E ratio of 51.45, a PEG ratio of 1.77 and a beta of 1.27. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating the consensus estimate of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The business had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. Research analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

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.