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

Netflix (NASDAQ:NFLXGet 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:NFLXGet 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

(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.

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