Netflix (NASDAQ:NFLX) PT Raised to $300.00 at Morgan Stanley

Netflix (NASDAQ:NFLX – Get Rating) had its price objective upped by equities researchers at Morgan Stanley from $275.00 to $300.00 in a report issued on Thursday, The Fly reports. The brokerage presently has an “equal weight” rating on the Internet television network’s stock. Morgan Stanley’s price target would indicate a potential downside of 12.41% from the stock’s current price.

NFLX has been the subject of a number of other reports. Wedbush lifted their target price on Netflix from $325.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday. Macquarie lifted their price target on Netflix from $230.00 to $285.00 and gave the company a “neutral” rating in a report on Wednesday, October 19th. Barclays lifted their price target on Netflix from $170.00 to $235.00 and gave the company an “equal weight” rating in a report on Wednesday, October 19th. KGI Securities raised Netflix from a “neutral” rating to an “outperform” rating in a report on Wednesday, October 19th. Finally, Cowen lifted their price target on Netflix to $405.00 in a report on Friday, December 9th. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, Netflix has an average rating of “Hold” and an average target price of $338.47.

Netflix Stock Performance

Shares of NFLX stock opened at $342.50 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.68. The business has a 50 day moving average of $304.91 and a two-hundred day moving average of $259.17. Netflix has a 52 week low of $162.71 and a 52 week high of $458.48. The company has a market cap of $152.42 billion, a P/E ratio of 30.69, a PEG ratio of 3.69 and a beta of 1.27.

Netflix (NASDAQ:NFLX – Get Rating) last issued its earnings results on Thursday, January 19th. The Internet television network reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.30). Netflix had a net margin of 16.03% and a return on equity of 27.64%. The company had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.85 billion. During the same quarter in the previous year, the firm earned $1.33 earnings per share. The business’s revenue was up 1.9% on a year-over-year basis. As a group, analysts anticipate that Netflix will post 10.31 EPS for the current year.

Hedge Funds Weigh In On Netflix

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gould Capital LLC purchased a new position in Netflix during the 2nd quarter worth approximately $26,000. Phocas Financial Corp. purchased a new position in shares of Netflix during the 4th quarter valued at $29,000. Yarbrough Capital LLC purchased a new position in shares of Netflix during the 4th quarter valued at $29,000. Tevis Investment Management grew its holdings in shares of Netflix by 133.3% during the 2nd quarter. Tevis Investment Management now owns 175 shares of the Internet television network’s stock valued at $30,000 after acquiring an additional 100 shares in the last quarter. Finally, Urban Wealth Management LLC purchased a new position in shares of Netflix during the 2nd quarter valued at $34,000. 77.26% of the stock is currently 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.