Cowen Raises Netflix (NASDAQ:NFLX) Price Target to $440.00

Netflix (NASDAQ:NFLXGet Rating) had its target price increased by equities research analysts at Cowen from $405.00 to $440.00 in a research note issued on Friday, The Fly reports. Cowen’s price objective suggests a potential upside of 28.47% from the stock’s previous close.

A number of other research analysts also recently commented on NFLX. Macquarie increased their target price on Netflix from $230.00 to $285.00 and gave the company a “neutral” rating in a research report on Wednesday, October 19th. Daiwa Capital Markets upgraded Netflix from a “neutral” rating to an “outperform” rating and increased their target price for the company from $226.00 to $330.00 in a research report on Tuesday, October 25th. UBS Group raised their price target on Netflix from $250.00 to $350.00 in a research report on Tuesday, January 17th. Wells Fargo & Company upgraded Netflix from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $300.00 to $400.00 in a research report on Friday, December 9th. Finally, Morgan Stanley raised their price target on Netflix from $275.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat, Netflix has a consensus rating of “Hold” and an average price target of $338.47.

Netflix Trading Up 8.5 %

Shares of NFLX opened at $342.50 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.14 and a quick ratio of 1.14. Netflix has a 1 year low of $162.71 and a 1 year high of $458.48. The company has a 50 day simple moving average of $304.91 and a two-hundred day simple moving average of $259.68. The firm has a market cap of $152.42 billion, a P/E ratio of 30.69, a price-to-earnings-growth ratio of 3.69 and a beta of 1.27.

Netflix (NASDAQ:NFLXGet Rating) last posted 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). The firm had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.85 billion. Netflix had a net margin of 16.03% and a return on equity of 27.64%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.33 earnings per share. On average, equities analysts expect that Netflix will post 10.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Netflix

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Netflix by 1.5% in the third quarter. Vanguard Group Inc. now owns 35,119,551 shares of the Internet television network’s stock valued at $8,268,547,000 after purchasing an additional 534,950 shares during the last quarter. State Street Corp grew its stake in Netflix by 2.2% in the second quarter. State Street Corp now owns 17,249,083 shares of the Internet television network’s stock valued at $3,016,347,000 after purchasing an additional 364,895 shares during the last quarter. FMR LLC grew its stake in Netflix by 4.5% in the second quarter. FMR LLC now owns 16,864,057 shares of the Internet television network’s stock valued at $2,949,018,000 after purchasing an additional 725,384 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Netflix by 21.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 11,405,142 shares of the Internet television network’s stock valued at $2,690,289,000 after purchasing an additional 1,991,099 shares during the last quarter. Finally, Polen Capital Management LLC grew its stake in Netflix by 53.9% in the third quarter. Polen Capital Management LLC now owns 7,332,431 shares of the Internet television network’s stock valued at $1,726,348,000 after purchasing an additional 2,569,072 shares during the last quarter. Hedge funds and other institutional investors own 77.26% of the company’s stock.

Netflix Company Profile

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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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