Netflix (NFLX) Given a $290.00 Price Target by UBS Group Analysts

Netflix (NASDAQ:NFLX) has been given a $290.00 price objective by investment analysts at UBS Group in a research note issued to investors on Thursday, www.boersen-zeitung.de reports. The firm presently has a “buy” rating on the Internet television network’s stock. UBS Group’s price objective would indicate a potential upside of 5.61% from the company’s previous close.

NFLX has been the topic of a number of other research reports. Credit Suisse Group set a $224.00 price objective on shares of Netflix and gave the company a “neutral” rating in a research note on Monday, January 8th. BidaskClub lowered shares of Netflix from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Citigroup raised their price objective on shares of Netflix from $180.00 to $205.00 and gave the company a “neutral” rating in a research note on Friday, October 13th. Vetr upgraded shares of Netflix from a “buy” rating to a “strong-buy” rating and set a $214.83 price objective on the stock in a research note on Friday, December 22nd. Finally, Loop Capital raised their price objective on shares of Netflix from $237.00 to $241.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirty-five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $235.36.

Netflix (NASDAQ NFLX) traded up $4.90 during midday trading on Thursday, hitting $274.60. 10,841,105 shares of the company were exchanged, compared to its average volume of 8,870,000. Netflix has a fifty-two week low of $138.26 and a fifty-two week high of $274.60. The company has a quick ratio of 1.20, a current ratio of 1.40 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $118,830.00, a price-to-earnings ratio of 219.68, a PEG ratio of 3.85 and a beta of 1.34.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, January 22nd. The Internet television network reported $0.41 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.41. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The business had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same quarter last year, the business earned $0.15 earnings per share. The business’s revenue for the quarter was up 32.6% on a year-over-year basis. analysts forecast that Netflix will post 2.63 EPS for the current year.

In other Netflix news, CEO Reed Hastings sold 75,243 shares of Netflix stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $196.25, for a total transaction of $14,766,438.75. Following the transaction, the chief executive officer now directly owns 75,243 shares in the company, valued at approximately $14,766,438.75. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jonathan Friedland sold 2,743 shares of Netflix stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $205.59, for a total transaction of $563,933.37. Following the transaction, the insider now owns 1,147 shares in the company, valued at $235,811.73. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 344,498 shares of company stock worth $70,176,140. Corporate insiders own 4.90% of the company’s stock.

Several large investors have recently modified their holdings of NFLX. Thrivent Financial For Lutherans boosted its stake in shares of Netflix by 3.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 16,320 shares of the Internet television network’s stock valued at $2,439,000 after buying an additional 510 shares during the period. ETRADE Capital Management LLC boosted its stake in shares of Netflix by 28.3% during the 2nd quarter. ETRADE Capital Management LLC now owns 3,182 shares of the Internet television network’s stock valued at $475,000 after buying an additional 702 shares during the period. FIL Ltd acquired a new stake in shares of Netflix during the 2nd quarter valued at $3,925,000. Quantbot Technologies LP acquired a new stake in shares of Netflix during the 2nd quarter valued at $724,000. Finally, Ark Investment Management LLC boosted its stake in shares of Netflix by 37.4% during the 2nd quarter. Ark Investment Management LLC now owns 62,715 shares of the Internet television network’s stock valued at $9,370,000 after buying an additional 17,064 shares during the period. 83.27% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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