Netflix (NASDAQ:NFLX)‘s stock had its “buy” rating reaffirmed by equities researchers at UBS Group in a research note issued on Friday, The Fly reports. They presently have a $265.00 price target on the Internet television network’s stock, up from their previous price target of $225.00. UBS Group’s price target suggests a potential upside of 20.27% from the company’s previous close.

A number of other brokerages also recently commented on NFLX. Vetr downgraded shares of Netflix from a “buy” rating to a “hold” rating and set a $229.01 price objective on the stock. in a research report on Monday. KeyCorp reaffirmed an “overweight” rating and set a $270.00 price objective (up from $230.00) on shares of Netflix in a research report on Friday. Wedbush set a $93.00 price objective on shares of Netflix and gave the company a “sell” rating in a research report on Friday. Goldman Sachs Group set a $250.00 price objective on shares of Netflix and gave the company a “buy” rating in a research report on Friday. Finally, Loop Capital boosted their price objective on shares of Netflix to $252.00 and gave the company a “buy” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirty-five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $212.21.

Netflix (NASDAQ:NFLX) traded up $2.83 during trading on Friday, hitting $220.33. 8,224,000 shares of the stock traded hands, compared to its average volume of 8,083,333. The stock has a market capitalization of $95,070.00, a P/E ratio of 222.56, a P/E/G ratio of 3.54 and a beta of 1.34. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.20 and a current ratio of 1.20. Netflix has a 1-year low of $137.03 and a 1-year high of $226.07.

Netflix (NASDAQ:NFLX) last released its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.03). The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.97 billion. Netflix had a return on equity of 14.56% and a net margin of 4.04%. The business’s revenue was up 30.3% on a year-over-year basis. During the same period last year, the business earned $0.12 earnings per share. research analysts predict that Netflix will post 1.25 earnings per share for the current fiscal year.

In other news, Director Richard N. Barton sold 350 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $185.71, for a total value of $64,998.50. Following the completion of the sale, the director now directly owns 7,171 shares in the company, valued at $1,331,726.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Reed Hastings sold 91,861 shares of the business’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $189.03, for a total transaction of $17,364,484.83. Following the completion of the sale, the chief executive officer now owns 91,861 shares of the company’s stock, valued at $17,364,484.83. The disclosure for this sale can be found here. Insiders sold 341,551 shares of company stock valued at $66,457,350 over the last 90 days. 4.90% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC raised its stake in Netflix by 3,478.1% during the 2nd quarter. Janus Henderson Group PLC now owns 2,041,458 shares of the Internet television network’s stock valued at $305,014,000 after purchasing an additional 1,984,404 shares during the last quarter. Winslow Capital Management LLC raised its stake in Netflix by 495,050.8% during the 2nd quarter. Winslow Capital Management LLC now owns 623,890 shares of the Internet television network’s stock valued at $93,216,000 after purchasing an additional 623,764 shares during the last quarter. Truepoint Inc. raised its stake in Netflix by 18,035.0% during the 3rd quarter. Truepoint Inc. now owns 402,416 shares of the Internet television network’s stock valued at $402,000 after purchasing an additional 400,197 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in Netflix by 50.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,049,254 shares of the Internet television network’s stock valued at $156,769,000 after purchasing an additional 350,611 shares during the last quarter. Finally, AGF Investments Inc. acquired a new position in Netflix during the 3rd quarter valued at $60,036,000. Institutional investors and hedge funds own 83.27% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This story was first published by American Banking News and is the property of of American Banking News. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright laws. The original version of this story can be read at https://www.americanbankingnews.com/2018/01/19/ubs-group-reaffirms-buy-rating-for-netflix-nflx.html.

Netflix Company Profile

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.

The Fly

Analyst Recommendations for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.