Netflix’s (NFLX) “Buy” Rating Reaffirmed at UBS AG
Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “buy” rating reissued by analysts at UBS AG in a report released on Wednesday, The Fly reports. They currently have a $225.00 price target on the Internet television network’s stock, up from their prior price target of $190.00. UBS AG’s target price indicates a potential upside of 25.57% from the stock’s current price.
A number of other research analysts also recently weighed in on NFLX. Piper Jaffray Companies reissued a “buy” rating and issued a $215.00 price target on shares of Netflix in a research note on Monday, September 18th. Vetr upgraded Netflix from a “sell” rating to a “hold” rating and set a $165.75 price target on the stock in a research report on Thursday, August 10th. MKM Partners reaffirmed a “buy” rating and set a $195.00 price objective on shares of Netflix in a research note on Monday, July 10th. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Netflix in a research note on Wednesday, August 9th. Finally, KeyCorp reiterated a “buy” rating and issued a $190.00 price objective on shares of Netflix in a report on Friday, August 25th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $180.91.
Shares of Netflix (NASDAQ NFLX) opened at 179.19 on Wednesday. The stock has a market capitalization of $77.37 billion, a P/E ratio of 217.99 and a beta of 1.09. Netflix has a one year low of $97.63 and a one year high of $191.50. The stock’s 50 day moving average price is $176.72 and its 200 day moving average price is $162.91.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Netflix had a net margin of 3.55% and a return on equity of 12.82%. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the previous year, the business posted $0.09 earnings per share. Netflix’s revenue was up 32.3% compared to the same quarter last year. On average, analysts forecast that Netflix will post $1.17 EPS for the current year.
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In related news, Director Richard N. Barton sold 2,000 shares of the stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $179.89, for a total value of $359,780.00. Following the completion of the sale, the director now directly owns 7,930 shares in the company, valued at $1,426,527.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gregory K. Peters sold 12,768 shares of the stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $177.38, for a total value of $2,264,787.84. Following the completion of the sale, the insider now owns 19,208 shares of the company’s stock, valued at $3,407,115.04. The disclosure for this sale can be found here. Insiders have sold 310,325 shares of company stock valued at $55,807,018 in the last ninety days. Insiders own 4.90% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Almanack Investment Partners LLC. bought a new position in shares of Netflix during the second quarter worth about $101,000. Clean Yield Group acquired a new position in shares of Netflix in the first quarter worth approximately $103,000. TD Capital Management LLC acquired a new position in shares of Netflix in the second quarter worth approximately $105,000. SRS Capital Advisors Inc. lifted its stake in shares of Netflix by 3,361.9% in the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock worth $107,000 after acquiring an additional 706 shares during the period. Finally, Harfst & Associates Inc. acquired a new position in shares of Netflix in the first quarter worth approximately $109,000. Hedge funds and other institutional investors own 81.03% of the company’s stock.
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.
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