Netflix (NFLX) Upgraded at UBS Group

UBS Group upgraded shares of Netflix (NASDAQ:NFLX) from a neutral rating to a buy rating in a report published on Thursday morning, www.benzinga.com reports.

Several other equities analysts have also recently weighed in on the stock. Citigroup decreased their target price on shares of Netflix and set a neutral rating for the company in a research note on Monday, October 15th. Loop Capital raised their target price on shares of Netflix from $365.00 to $385.00 in a research note on Wednesday, October 17th. Nomura set a $370.00 target price on shares of Netflix and gave the company a neutral rating in a research note on Monday, October 29th. Credit Suisse Group reissued a buy rating and issued a $470.00 target price on shares of Netflix in a research note on Monday, October 1st. Finally, Guggenheim raised their target price on shares of Netflix from $360.00 to $420.00 and gave the company a buy rating in a research note on Wednesday, September 19th. Six analysts have rated the stock with a sell rating, eight have issued a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company’s stock. Netflix presently has a consensus rating of Buy and a consensus target price of $365.74.

Shares of NFLX opened at $337.59 on Thursday. The company has a market cap of $139.53 billion, a PE ratio of 270.07, a price-to-earnings-growth ratio of 2.62 and a beta of 1.12. Netflix has a twelve month low of $216.00 and a twelve month high of $423.21. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.39 and a quick ratio of 1.39.



Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, October 16th. The Internet television network reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.21. The company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.99 billion. Netflix had a net margin of 8.48% and a return on equity of 29.52%. The business’s quarterly revenue was up 34.0% on a year-over-year basis. During the same period last year, the business earned $0.29 EPS. As a group, sell-side analysts expect that Netflix will post 2.63 EPS for the current fiscal year.

In related news, CEO Reed Hastings sold 63,147 shares of the business’s stock in a transaction dated Monday, December 24th. The stock was sold at an average price of $241.12, for a total value of $15,226,004.64. Following the completion of the transaction, the chief executive officer now owns 63,147 shares of the company’s stock, valued at $15,226,004.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Timothy M. Haley sold 21,882 shares of the business’s stock in a transaction dated Tuesday, October 16th. The shares were sold at an average price of $336.41, for a total value of $7,361,323.62. Following the completion of the transaction, the director now directly owns 9,177 shares of the company’s stock, valued at approximately $3,087,234.57. The disclosure for this sale can be found here. Insiders have sold 288,664 shares of company stock valued at $84,190,971 in the last three months. Insiders own 4.29% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Great Lakes Advisors LLC grew its holdings in shares of Netflix by 0.3% during the third quarter. Great Lakes Advisors LLC now owns 24,044 shares of the Internet television network’s stock worth $8,996,000 after purchasing an additional 75 shares during the last quarter. Carnegie Capital Asset Management LLC grew its holdings in shares of Netflix by 9.9% during the third quarter. Carnegie Capital Asset Management LLC now owns 1,388 shares of the Internet television network’s stock worth $395,000 after purchasing an additional 125 shares during the last quarter. United Capital Management of KS Inc. grew its holdings in shares of Netflix by 6.3% during the fourth quarter. United Capital Management of KS Inc. now owns 2,309 shares of the Internet television network’s stock worth $618,000 after purchasing an additional 137 shares during the last quarter. Sound Income Strategies LLC grew its holdings in shares of Netflix by 30.6% during the third quarter. Sound Income Strategies LLC now owns 675 shares of the Internet television network’s stock worth $253,000 after purchasing an additional 158 shares during the last quarter. Finally, Clarus Wealth Advisors grew its holdings in shares of Netflix by 26.1% during the fourth quarter. Clarus Wealth Advisors now owns 811 shares of the Internet television network’s stock worth $217,000 after purchasing an additional 168 shares during the last quarter. 73.97% of the stock is owned by hedge funds and other institutional investors.

About Netflix

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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