Netflix (NASDAQ:NFLX) PT Raised to $395.00 at Citigroup

Netflix (NASDAQ:NFLXGet Rating) had its price target boosted by Citigroup from $315.00 to $395.00 in a research report released on Sunday morning, The Fly reports.

NFLX has been the subject of a number of other reports. Pivotal Research reaffirmed a buy rating and set a $400.00 price objective (up from $375.00) on shares of Netflix in a research note on Friday. Canaccord Genuity Group upped their price objective on shares of Netflix from $365.00 to $400.00 and gave the company a buy rating in a research note on Friday. Morgan Stanley increased their price target on shares of Netflix from $275.00 to $300.00 and gave the stock an equal weight rating in a research report on Thursday. Jefferies Financial Group increased their price objective on Netflix from $385.00 to $400.00 and gave the stock a buy rating in a report on Friday. Finally, Truist Financial increased their price target on Netflix from $210.00 to $339.00 and gave the company a hold rating in a report on Tuesday, January 17th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $340.84.

Netflix Stock Performance

NASDAQ:NFLX opened at $342.50 on Friday. Netflix has a twelve month low of $162.71 and a twelve month high of $458.48. 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 company has a 50-day moving average of $304.91 and a 200-day moving average of $260.22. The firm has a market cap of $152.42 billion, a price-to-earnings ratio of 34.42, a price-to-earnings-growth ratio of 3.78 and a beta of 1.27.

Netflix (NASDAQ:NFLXGet Rating) last posted its quarterly earnings data on Thursday, January 19th. The Internet television network reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.35). Netflix had a net margin of 14.21% and a return on equity of 23.58%. The firm had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.85 billion. During the same period in the prior year, the company posted $1.33 earnings per share. Netflix’s quarterly revenue was up 1.9% compared to the same quarter last year. Analysts forecast that Netflix will post 10.66 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Netflix

Several institutional investors have recently modified their holdings of NFLX. Gould Capital LLC acquired a new position in shares of Netflix during the 2nd quarter worth about $26,000. Phocas Financial Corp. bought a new position in shares of Netflix during the 4th quarter valued at about $29,000. Yarbrough Capital LLC bought a new position in shares of Netflix during the 4th quarter valued at about $29,000. Tevis Investment Management lifted its holdings in shares of 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 bought a new position in shares of Netflix during the 2nd quarter valued at about $34,000. 77.26% of the stock is currently owned by institutional investors and hedge funds.

About Netflix

(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.

See Also

The Fly logo

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.