Netflix (NASDAQ:NFLX) Price Target Raised to $250.00 at Barclays

Netflix (NASDAQ:NFLXGet Rating) had its target price boosted by Barclays from $235.00 to $250.00 in a research note published on Friday morning, The Fly reports. They currently have an equal weight rating on the Internet television network’s stock.

A number of other analysts have also recently commented on the stock. KGI Securities raised shares of Netflix from a neutral rating to an outperform rating in a report on Wednesday, October 19th. Bank of America reaffirmed a buy rating and set a $370.00 target price on shares of Netflix in a report on Tuesday, November 15th. Pivotal Research upgraded shares of Netflix from a sell rating to a buy rating and upped their price target for the stock from $200.00 to $375.00 in a research report on Wednesday, October 26th. Cfra upgraded shares of Netflix from a sell rating to a buy rating and set a $310.00 price target for the company in a research report on Thursday, December 29th. Finally, Rosenblatt Securities upped their price target on shares of Netflix from $201.00 to $226.00 and gave the stock a neutral rating in a research report on Wednesday, October 19th. Three research 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $340.84.

Netflix Trading Up 8.5 %

NASDAQ:NFLX opened at $342.50 on Friday. Netflix has a one year low of $162.71 and a one year high of $458.48. 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 company’s 50-day simple moving average is $304.91 and its 200 day simple moving average is $260.22. The firm 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 (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 the consensus estimate of $0.47 by ($0.35). Netflix had a return on equity of 23.58% and a net margin of 14.21%. The firm had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.85 billion. During the same quarter in the prior year, the company posted $1.33 EPS. The company’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, analysts forecast that Netflix will post 10.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Country Club Bank GFN increased its stake in Netflix by 8.2% in the 3rd quarter. Country Club Bank GFN now owns 5,945 shares of the Internet television network’s stock worth $1,425,000 after buying an additional 451 shares during the period. Bridgewater Associates LP increased its position in Netflix by 3,001.6% during the 2nd quarter. Bridgewater Associates LP now owns 124,840 shares of the Internet television network’s stock valued at $21,831,000 after purchasing an additional 120,815 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its holdings in shares of Netflix by 37.6% in the 3rd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,811 shares of the Internet television network’s stock valued at $1,132,000 after buying an additional 1,314 shares in the last quarter. Dixon Hubard Feinour & Brown Inc. VA bought a new stake in shares of Netflix in the 2nd quarter valued at about $302,000. Finally, United Asset Strategies Inc. acquired a new stake in Netflix in the 3rd quarter worth approximately $208,000. Hedge funds and other institutional investors own 77.26% of the company’s stock.

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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