Netflix (NASDAQ:NFLX) Downgraded by UBS Group to Neutral

Netflix (NASDAQ:NFLX – Get Rating) was downgraded by equities researchers at UBS Group from a “buy” rating to a “neutral” rating in a research note issued on Wednesday, The Fly reports.

Other research analysts have also recently issued research reports about the company. Bank of America dropped their price target on Netflix from $750.00 to $605.00 and set a “buy” rating on the stock in a report on Friday, January 21st. Citigroup raised Netflix from a “neutral” rating to a “buy” rating and dropped their price target for the company from $595.00 to $450.00 in a report on Monday, January 31st. Edward Jones raised Netflix from a “hold” rating to a “buy” rating in a report on Monday, January 31st. Canaccord Genuity Group dropped their price target on Netflix from $750.00 to $600.00 and set a “buy” rating on the stock in a report on Friday, January 21st. Finally, Wolfe Research dropped their price target on Netflix from $694.00 to $497.00 and set an “outperform” rating on the stock in a report on Friday, January 21st. Four investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $525.03.

Shares of NASDAQ:NFLX opened at $348.61 on Wednesday. Netflix has a 12 month low of $329.82 and a 12 month high of $700.99. The stock has a market cap of $154.88 billion, a price-to-earnings ratio of 31.02, a PEG ratio of 1.26 and a beta of 0.97. The stock’s 50 day moving average price is $370.97 and its 200 day moving average price is $512.60. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.95 and a quick ratio of 0.95.

Netflix (NASDAQ:NFLX – Get Rating) last announced its earnings results on Tuesday, April 19th. The Internet television network reported $3.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.90 by $0.63. Netflix had a return on equity of 35.34% and a net margin of 17.23%. The firm had revenue of $7.87 billion for the quarter, compared to analysts’ expectations of $7.94 billion. During the same quarter in the previous year, the company earned $3.75 earnings per share. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, sell-side analysts expect that Netflix will post 10.86 EPS for the current year.

In related news, CEO Reed Hastings purchased 46,900 shares of the firm’s stock in a transaction dated Thursday, January 27th. The stock was bought at an average price of $390.08 per share, for a total transaction of $18,294,752.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.68% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in NFLX. Sageworth Trust Co acquired a new stake in shares of Netflix in the fourth quarter worth $29,000. Field & Main Bank bought a new position in Netflix in the 4th quarter worth $30,000. Andrew Hill Investment Advisors Inc. acquired a new position in Netflix during the 4th quarter worth $30,000. Paragon Capital Management Ltd bought a new stake in Netflix during the fourth quarter valued at about $31,000. Finally, Raleigh Capital Management Inc. acquired a new stake in shares of Netflix in the fourth quarter valued at about $34,000. 81.37% of the stock is owned by hedge funds and other institutional investors.

About Netflix (Get Rating)

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.

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