Netflix (NASDAQ:NFLX) PT Lowered to $295.00 at Citigroup

Netflix (NASDAQ:NFLXGet Rating) had its price target decreased by investment analysts at Citigroup from $450.00 to $295.00 in a research note issued to investors on Thursday, April 21st, The Fly reports. The firm presently has a “buy” rating on the Internet television network’s stock. Citigroup’s target price suggests a potential upside of 44.60% from the stock’s current price.

Several other analysts also recently issued reports on NFLX. Canaccord Genuity Group cut their price target on Netflix from $600.00 to $400.00 in a report on Wednesday, April 20th. Wedbush cut their target price on Netflix from $342.00 to $280.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 20th. Stifel Nicolaus downgraded Netflix from a “buy” rating to a “hold” rating and cut their target price for the company from $460.00 to $300.00 in a research note on Wednesday, April 20th. Edward Jones downgraded Netflix from a “buy” rating to a “hold” rating in a research note on Thursday, April 21st. Finally, Morgan Stanley cut their target price on Netflix from $450.00 to $425.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 14th. Three analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $386.31.

NASDAQ:NFLX traded up $4.14 during trading hours on Thursday, reaching $204.01. 12,158,898 shares of the stock were exchanged, compared to its average volume of 11,225,069. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.83. The firm has a 50 day simple moving average of $333.62 and a 200-day simple moving average of $482.96. Netflix has a 52 week low of $185.60 and a 52 week high of $700.99. The stock has a market capitalization of $90.64 billion, a P/E ratio of 18.50, a P/E/G ratio of 0.99 and a beta of 1.28.

Netflix (NASDAQ:NFLXGet Rating) last released its earnings results on Tuesday, April 19th. The Internet television network reported $3.53 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.63. Netflix had a return on equity of 32.01% and a net margin of 16.47%. The company had revenue of $7.87 billion for the quarter, compared to the consensus estimate of $7.94 billion. During the same quarter last year, the business posted $3.75 EPS. Netflix’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, analysts expect that Netflix will post 10.88 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of NFLX. Skandinaviska Enskilda Banken AB publ increased its stake in Netflix by 267.3% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 378,996 shares of the Internet television network’s stock valued at $231,316,000 after acquiring an additional 275,804 shares during the period. Tocqueville Asset Management L.P. increased its stake in Netflix by 1.1% during the third quarter. Tocqueville Asset Management L.P. now owns 24,905 shares of the Internet television network’s stock valued at $15,201,000 after acquiring an additional 275 shares during the period. Fernbridge Capital Management LP increased its stake in Netflix by 46.9% during the third quarter. Fernbridge Capital Management LP now owns 121,640 shares of the Internet television network’s stock valued at $74,242,000 after acquiring an additional 38,847 shares during the period. Personal CFO Solutions LLC grew its stake in shares of Netflix by 11.1% in the 3rd quarter. Personal CFO Solutions LLC now owns 3,040 shares of the Internet television network’s stock valued at $1,855,000 after purchasing an additional 304 shares during the period. Finally, We Are One Seven LLC grew its stake in shares of Netflix by 28.5% in the 3rd quarter. We Are One Seven LLC now owns 5,291 shares of the Internet television network’s stock valued at $3,652,000 after purchasing an additional 1,174 shares during the period. 80.97% of the stock is 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.

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