Netflix (NASDAQ:NFLX) PT Raised to $291.00

Netflix (NASDAQ:NFLX – Get Rating) had its price objective raised by stock analysts at Credit Suisse Group from $271.00 to $291.00 in a research report issued to clients and investors on Friday, The Fly reports. The firm currently has a “neutral” rating on the Internet television network’s stock. Credit Suisse Group’s price objective suggests a potential downside of 15.04% from the stock’s previous close.

Several other brokerages have also weighed in on NFLX. Loop Capital upped their target price on shares of Netflix from $225.00 to $320.00 in a research report on Tuesday, January 17th. Societe Generale upped their price target on shares of Netflix from $170.00 to $215.00 and gave the company a “sell” rating in a report on Wednesday, November 30th. Wedbush upped their price target on shares of Netflix from $325.00 to $400.00 and gave the company an “outperform” rating in a report on Tuesday, January 17th. Pivotal Research raised shares of Netflix from a “sell” rating to a “buy” rating and upped their price target for the company from $200.00 to $375.00 in a report on Wednesday, October 26th. Finally, New Street Research began coverage on shares of Netflix in a report on Wednesday, January 4th. They issued a “neutral” rating and a $304.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, the company 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 current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.68. The firm’s 50-day moving average is $304.91 and its two-hundred day moving average is $259.68. Netflix has a twelve month low of $162.71 and a twelve month high of $458.48. The firm has a market capitalization 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 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.30). Netflix had a return on equity of 27.64% and a net margin of 16.03%. The company had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.85 billion. During the same quarter in the previous year, the company posted $1.33 earnings per share. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, research analysts predict that Netflix will post 10.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Netflix

Several large investors have recently made changes to their positions in NFLX. Gould Capital LLC acquired a new stake in Netflix during the 2nd quarter valued at $26,000. Phocas Financial Corp. acquired a new stake in Netflix during the 4th quarter valued at $29,000. Yarbrough Capital LLC acquired a new stake in Netflix during the 4th quarter valued at $29,000. Tevis Investment Management grew its holdings in 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 purchasing an additional 100 shares in the last quarter. Finally, Urban Wealth Management LLC acquired a new stake in Netflix during the 2nd quarter valued at $34,000. Institutional investors and hedge funds 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.