Barclays Cuts Netflix (NASDAQ:NFLX) Price Target to $275.00

Netflix (NASDAQ:NFLXGet Rating) had its price target dropped by analysts at Barclays from $380.00 to $275.00 in a research note issued to investors on Wednesday, The Fly reports. Barclays‘s price objective points to a potential downside of 21.12% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Rosenblatt Securities assumed coverage on shares of Netflix in a research report on Tuesday. They issued a “neutral” rating and a $354.00 target price for the company. Edward Jones upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research report on Monday, January 31st. KGI Securities lowered shares of Netflix from an “outperform” rating to a “neutral” rating in a research report on Wednesday. Bank of America reduced their price objective on shares of Netflix from $750.00 to $605.00 and set a “buy” rating for the company in a research report on Friday, January 21st. Finally, BMO Capital Markets reduced their price objective on shares of Netflix from $650.00 to $640.00 and set an “outperform” rating for the company in a research report on Wednesday, April 13th. Four analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $525.03.

Shares of NASDAQ:NFLX opened at $348.61 on Wednesday. The stock has a market capitalization of $154.88 billion, a price-to-earnings ratio of 31.02, a price-to-earnings-growth ratio of 1.26 and a beta of 0.97. Netflix has a 1-year low of $329.82 and a 1-year high of $700.99. The company’s fifty day moving average is $370.97 and its two-hundred day moving average is $512.60. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.95 and a current ratio of 0.95.

Netflix (NASDAQ:NFLXGet Rating) last released its quarterly earnings data on Tuesday, April 19th. The Internet television network reported $3.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.90 by $0.63. Netflix had a net margin of 17.23% and a return on equity of 35.34%. The business had revenue of $7.87 billion for the quarter, compared to analysts’ expectations of $7.94 billion. During the same quarter last year, the company earned $3.75 EPS. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. Sell-side analysts expect that Netflix will post 10.86 EPS for the current fiscal year.

In other news, CEO Reed Hastings acquired 46,900 shares of the company’s stock in a transaction on Thursday, January 27th. The stock was purchased at an average cost of $390.08 per share, with a total value of $18,294,752.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.68% of the company’s stock.

Large investors have recently made changes to their positions in the business. Sageworth Trust Co bought a new stake in Netflix during the 4th quarter worth about $29,000. Field & Main Bank acquired a new position in shares of Netflix during the 4th quarter worth about $30,000. Andrew Hill Investment Advisors Inc. acquired a new position in shares of Netflix during the 4th quarter worth about $30,000. Paragon Capital Management Ltd acquired a new position in shares of Netflix during the 4th quarter worth about $31,000. Finally, Raleigh Capital Management Inc. acquired a new position in shares of Netflix during the 4th quarter worth about $34,000. 81.37% of the stock is owned by hedge funds and other institutional investors.

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.

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