Rosenblatt Securities Increases Netflix (NASDAQ:NFLX) Price Target to $343.00

Netflix (NASDAQ:NFLX – Get Rating) had its price objective increased by Rosenblatt Securities from $226.00 to $343.00 in a research report sent to investors on Friday, Benzinga reports. Rosenblatt Securities currently has a neutral rating on the Internet television network’s stock.

NFLX has been the subject of several other reports. StockNews.com initiated coverage on shares of Netflix in a research report on Wednesday, October 12th. They set a hold rating for the company. Pivotal Research upgraded shares of Netflix from a sell rating to a buy rating and raised their price objective for the stock from $200.00 to $375.00 in a research report on Wednesday, October 26th. JPMorgan Chase & Co. raised their price objective on shares of Netflix from $330.00 to $390.00 and gave the stock an overweight rating in a research report on Friday. Truist Financial raised their price objective on shares of Netflix from $210.00 to $339.00 and gave the stock a hold rating in a research report on Tuesday, January 17th. Finally, Wells Fargo & Company upgraded shares of Netflix from an equal weight rating to an overweight rating and raised their price objective for the stock from $300.00 to $400.00 in a research report on Friday, December 9th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat, Netflix currently has an average rating of Hold and a consensus price target of $340.84.

Netflix Trading Up 8.5 %

Shares of NASDAQ:NFLX opened at $342.50 on Friday. Netflix has a 52-week low of $162.71 and a 52-week high of $458.48. The company has a market capitalization of $152.42 billion, a P/E ratio of 34.42, a price-to-earnings-growth ratio of 3.78 and a beta of 1.27. The company has a 50-day simple moving average of $304.91 and a 200 day simple moving average of $260.22. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.14 and a current ratio of 1.14.

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 the consensus estimate 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 during the quarter, compared to analyst estimates of $7.85 billion. During the same quarter last year, the business posted $1.33 earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. Sell-side analysts forecast that Netflix will post 10.66 earnings per share for the current year.

Institutional Trading of Netflix

Several institutional investors have recently modified their holdings of NFLX. Gould Capital LLC bought a new stake in shares of Netflix in the second quarter worth $26,000. Phocas Financial Corp. bought a new stake in shares of Netflix in the fourth quarter worth $29,000. Yarbrough Capital LLC bought a new stake in shares of Netflix in the fourth quarter worth $29,000. Tevis Investment Management grew its stake in shares of Netflix by 133.3% in the second quarter. Tevis Investment Management now owns 175 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 100 shares during the last quarter. Finally, Urban Wealth Management LLC bought a new stake in shares of Netflix in the second quarter worth $34,000. Institutional investors own 77.26% of the company’s stock.

About Netflix

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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.