Netflix (NASDAQ:NFLX) Receives Buy Rating from Pivotal Research

Netflix (NASDAQ:NFLX – Get Rating)‘s stock had its “buy” rating restated by investment analysts at Pivotal Research in a note issued to investors on Friday, Briefing.com reports. They currently have a $400.00 price objective on the Internet television network’s stock, up from their previous price objective of $375.00. Pivotal Research’s price objective suggests a potential upside of 16.79% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Societe Generale upped their target price 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 research note on Tuesday, January 17th. Oppenheimer upped their price target on shares of Netflix from $400.00 to $415.00 and gave the company an “outperform” rating in a research note on Friday. Cowen upped their price target on shares of Netflix from $405.00 to $440.00 in a research note on Friday. Finally, Jefferies Financial Group increased their target price on shares of Netflix from $385.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, Netflix currently has a consensus rating of “Hold” and a consensus target price of $338.47.

Netflix Stock Up 8.5 %

Shares of NFLX stock opened at $342.50 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.14 and a current ratio of 1.14. The firm’s 50-day moving average is $304.91 and its 200-day moving average is $259.68. The stock has a market cap of $152.42 billion, a price-to-earnings ratio of 30.69, a PEG ratio of 3.69 and a beta of 1.27. Netflix has a 52-week low of $162.71 and a 52-week high of $458.48.

Netflix (NASDAQ:NFLX – Get Rating) last issued its earnings results on Thursday, January 19th. The Internet television network reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.30). The firm had revenue of $7.85 billion during 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 for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.33 earnings per share. Sell-side analysts predict that Netflix will post 10.31 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Community Bank N.A. grew its holdings in shares of Netflix by 10.0% during the third quarter. Community Bank N.A. now owns 385 shares of the Internet television network’s stock valued at $91,000 after buying an additional 35 shares during the last quarter. Carolinas Wealth Consulting LLC lifted its position in shares of Netflix by 27.6% during the third quarter. Carolinas Wealth Consulting LLC now owns 162 shares of the Internet television network’s stock valued at $38,000 after purchasing an additional 35 shares in the last quarter. Clearstead Advisors LLC lifted its position in shares of Netflix by 4.2% during the third quarter. Clearstead Advisors LLC now owns 1,017 shares of the Internet television network’s stock valued at $239,000 after purchasing an additional 41 shares in the last quarter. Checchi Capital Advisers LLC lifted its position in shares of Netflix by 1.2% during the second quarter. Checchi Capital Advisers LLC now owns 3,624 shares of the Internet television network’s stock valued at $815,000 after purchasing an additional 42 shares in the last quarter. Finally, TCG Advisory Services LLC lifted its position in shares of Netflix by 2.6% during the second quarter. TCG Advisory Services LLC now owns 1,673 shares of the Internet television network’s stock valued at $293,000 after purchasing an additional 42 shares in the last quarter. 77.26% of the stock is currently owned by institutional investors and hedge funds.

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.