Netflix (NASDAQ:NFLX) Price Target Increased to $375.00 by Analysts at Guggenheim

Netflix (NASDAQ:NFLXGet Rating) had its target price hoisted by Guggenheim from $305.00 to $375.00 in a research report released on Friday, Marketbeat.com reports. They currently have a buy rating on the Internet television network’s stock.

NFLX has been the subject of a number of other reports. Cfra upgraded shares of Netflix from a sell rating to a buy rating and set a $310.00 target price for the company in a report on Thursday, December 29th. Cowen set a $405.00 target price on shares of Netflix in a report on Friday, December 9th. Truist Financial boosted their target price on shares of Netflix from $210.00 to $339.00 and gave the stock a hold rating in a report on Tuesday, January 17th. Oppenheimer upped their price objective on shares of Netflix from $365.00 to $400.00 and gave the company an outperform rating in a report on Friday, January 13th. Finally, Rosenblatt Securities upped their price objective on shares of Netflix from $201.00 to $226.00 and gave the company a neutral rating in a report on Wednesday, October 19th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, Netflix presently has an average rating of Hold and a consensus target price of $340.84.

Netflix Stock Performance

NFLX stock 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. The business has a 50-day moving average price of $304.91 and a 200 day moving average price of $260.22. The company has a market capitalization of $152.42 billion, a P/E ratio of 34.42, a PEG ratio of 3.78 and a beta of 1.27. Netflix has a 1-year low of $162.71 and a 1-year high of $458.48.

Netflix (NASDAQ:NFLXGet Rating) last released its quarterly earnings data on Thursday, January 19th. The Internet television network reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.35). 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 14.21% and a return on equity of 23.58%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.33 earnings per share. As a group, equities research analysts forecast that Netflix will post 10.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Netflix

A number of hedge funds have recently modified their holdings of NFLX. Fairfield Bush & CO. grew its holdings in shares of Netflix by 26.5% during the 1st quarter. Fairfield Bush & CO. now owns 2,446 shares of the Internet television network’s stock worth $916,000 after purchasing an additional 512 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Netflix by 21.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 480,044 shares of the Internet television network’s stock valued at $179,820,000 after acquiring an additional 84,179 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in Netflix by 14.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,922 shares of the Internet television network’s stock valued at $1,094,000 after acquiring an additional 363 shares during the period. Candriam Luxembourg S.C.A. boosted its holdings in Netflix by 6.9% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 36,336 shares of the Internet television network’s stock valued at $13,610,000 after acquiring an additional 2,358 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its holdings in Netflix by 13.1% during the 1st quarter. Brown Brothers Harriman & Co. now owns 3,808 shares of the Internet television network’s stock valued at $1,426,000 after acquiring an additional 441 shares during the period. 77.26% of the stock is currently owned by hedge funds and other institutional investors.

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.

Read More

Analyst Recommendations for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.