Netflix (NASDAQ:NFLX) had its price target cut by UBS Group from $425.00 to $410.00 in a research report report published on Wednesday, The Fly reports. They currently have an outperform rating on the Internet television network’s stock.

Other research analysts have also recently issued research reports about the stock. BidaskClub cut shares of Netflix from a hold rating to a sell rating in a report on Wednesday, April 10th. Credit Suisse Group lifted their price objective on shares of Netflix from $440.00 to $450.00 and gave the company an outperform rating in a report on Wednesday. Rosenblatt Securities began coverage on shares of Netflix in a report on Tuesday, April 2nd. They issued a neutral rating and a $350.00 price objective for the company. ValuEngine cut shares of Netflix from a buy rating to a hold rating in a report on Saturday, April 13th. Finally, BMO Capital Markets lifted their price objective on shares of Netflix from $440.00 to $470.00 and gave the company an outperform rating in a report on Tuesday. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $385.15.

NASDAQ NFLX opened at $360.35 on Wednesday. The firm has a market cap of $157.33 billion, a P/E ratio of 134.46, a price-to-earnings-growth ratio of 2.92 and a beta of 1.36. Netflix has a 1 year low of $231.23 and a 1 year high of $423.21. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.49 and a quick ratio of 1.49.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, April 16th. The Internet television network reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.19. The company had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.50 billion. Netflix had a net margin of 7.67% and a return on equity of 25.82%. The firm’s quarterly revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.64 earnings per share. On average, equities analysts predict that Netflix will post 3.98 EPS for the current fiscal year.

In related news, Director Anne M. Sweeney sold 342 shares of the company’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $360.00, for a total transaction of $123,120.00. Following the completion of the sale, the director now owns 342 shares of the company’s stock, valued at approximately $123,120. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Reed Hastings sold 67,907 shares of the company’s stock in a transaction dated Tuesday, January 22nd. The shares were sold at an average price of $328.17, for a total transaction of $22,285,040.19. Following the sale, the chief executive officer now directly owns 67,907 shares of the company’s stock, valued at approximately $22,285,040.19. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 184,381 shares of company stock valued at $64,721,327. 4.29% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Netflix by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 30,143,430 shares of the Internet television network’s stock valued at $11,277,562,000 after purchasing an additional 249,147 shares during the last quarter. Vanguard Group Inc boosted its holdings in Netflix by 0.8% in the 3rd quarter. Vanguard Group Inc now owns 30,143,430 shares of the Internet television network’s stock valued at $11,277,562,000 after purchasing an additional 249,147 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Netflix by 17,848.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 23,931,481 shares of the Internet television network’s stock valued at $89,000 after purchasing an additional 23,798,143 shares during the last quarter. Jennison Associates LLC boosted its holdings in Netflix by 9.0% in the 4th quarter. Jennison Associates LLC now owns 9,598,888 shares of the Internet television network’s stock valued at $2,569,238,000 after purchasing an additional 792,338 shares during the last quarter. Finally, Baillie Gifford & Co. boosted its holdings in Netflix by 1.8% in the 4th quarter. Baillie Gifford & Co. now owns 7,629,879 shares of the Internet television network’s stock valued at $2,042,214,000 after purchasing an additional 136,096 shares during the last quarter. 76.10% of the stock is owned by institutional investors.

About Netflix

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Analyst Recommendations for Netflix (NASDAQ:NFLX)

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