Netflix (NFLX) Earns “Neutral” Rating from UBS Group

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UBS Group reissued their neutral rating on shares of Netflix (NASDAQ:NFLX) in a report issued on Wednesday, www.boersen-zeitung.de reports. UBS Group currently has a $400.00 target price on the Internet television network’s stock.

A number of other equities analysts have also issued reports on the company. Sanford C. Bernstein reaffirmed a buy rating and set a $465.00 price target on shares of Netflix in a research note on Wednesday. Nomura reaffirmed a neutral rating and set a $370.00 price target on shares of Netflix in a research note on Wednesday. Imperial Capital decreased their price target on Netflix from $494.00 to $464.00 and set an outperform rating for the company in a research note on Wednesday. B. Riley increased their price target on Netflix from $315.00 to $322.00 and gave the company a buy rating in a research note on Wednesday. Finally, BMO Capital Markets increased their price target on Netflix from $400.00 to $440.00 and gave the company an outperform rating in a research note on Wednesday. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty-one have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $376.83.

NASDAQ NFLX traded down $14.04 on Wednesday, reaching $332.67. 16,690,754 shares of the stock traded hands, compared to its average volume of 12,670,742. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.39. The firm has a market cap of $150.98 billion, a P/E ratio of 266.14, a PEG ratio of 4.40 and a beta of 0.89. Netflix has a 12 month low of $178.38 and a 12 month high of $423.21.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, October 16th. The Internet television network reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $3.99 billion. Netflix had a return on equity of 29.52% and a net margin of 8.48%. The firm’s quarterly revenue was up 34.0% on a year-over-year basis. During the same period last year, the company posted $0.29 EPS. On average, research analysts predict that Netflix will post 2.63 earnings per share for the current fiscal year.

In other news, Director Timothy M. Haley sold 21,882 shares of the stock in a transaction on Tuesday, October 16th. The stock was sold at an average price of $336.41, for a total value of $7,361,323.62. Following the completion of the sale, the director now owns 9,177 shares in the company, valued at $3,087,234.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Theodore A. Sarandos sold 111,391 shares of the stock in a transaction on Monday, July 23rd. The shares were sold at an average price of $360.00, for a total value of $40,100,760.00. Following the completion of the sale, the insider now owns 16,065 shares of the company’s stock, valued at approximately $5,783,400. The disclosure for this sale can be found here. Insiders sold 403,334 shares of company stock valued at $142,463,785 in the last 90 days. Corporate insiders own 4.29% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. CSat Investment Advisory L.P. purchased a new stake in shares of Netflix during the second quarter worth $117,000. Guidant Wealth Advisors raised its holdings in shares of Netflix by 190.5% during the second quarter. Guidant Wealth Advisors now owns 305 shares of the Internet television network’s stock worth $121,000 after acquiring an additional 200 shares in the last quarter. Signature Estate & Investment Advisors LLC purchased a new stake in shares of Netflix during the second quarter worth $124,000. WealthTrust Fairport LLC raised its holdings in shares of Netflix by 133.3% during the second quarter. WealthTrust Fairport LLC now owns 350 shares of the Internet television network’s stock worth $137,000 after acquiring an additional 200 shares in the last quarter. Finally, BerganKDV Wealth Management LLC purchased a new stake in shares of Netflix during the second quarter worth $137,000. Institutional investors own 73.83% of the company’s stock.

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.

Further Reading: Leveraged Buyout (LBO) Explained

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