Benchmark Increases Netflix (NASDAQ:NFLX) Price Target to $250.00

Netflix (NASDAQ:NFLX – Get Rating) had its price target increased by Benchmark from $225.00 to $250.00 in a report released on Friday, The Fly reports. The firm presently has a “sell” rating on the Internet television network’s stock. Benchmark’s price target would indicate a potential downside of 27.01% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. Cowen raised their price target on shares of Netflix to $405.00 in a research note on Friday, December 9th. Morgan Stanley raised their price target on shares of Netflix from $275.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Thursday. Jefferies Financial Group raised their price target on shares of Netflix from $385.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday. KGI Securities raised shares of Netflix from a “neutral” rating to an “outperform” rating in a research note on Wednesday, October 19th. Finally, Truist Financial increased their price objective on Netflix from $210.00 to $339.00 and gave the company a “hold” rating in a report on Tuesday, January 17th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $338.47.

Netflix Price Performance

NASDAQ NFLX opened at $342.50 on Friday. The business has a 50 day simple moving average of $304.91 and a 200 day simple moving average of $259.68. Netflix has a 52-week low of $162.71 and a 52-week high of $458.48. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market cap of $152.42 billion, a price-to-earnings ratio of 30.69, a PEG ratio of 3.69 and a beta of 1.27.

Netflix (NASDAQ:NFLX – Get Rating) last posted its earnings results on Thursday, January 19th. The Internet television network reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.30). Netflix had a return on equity of 27.64% and a net margin of 16.03%. The business had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.85 billion. During the same period in the previous year, the company posted $1.33 earnings per share. Netflix’s revenue for the quarter was up 1.9% compared to the same quarter last year. Analysts anticipate that Netflix will post 10.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. DAVENPORT & Co LLC grew its position in Netflix by 211.7% in the fourth quarter. DAVENPORT & Co LLC now owns 6,037 shares of the Internet television network’s stock valued at $1,780,000 after acquiring an additional 4,100 shares during the last quarter. Lehman & Derafelo Financial Resources LLC bought a new position in Netflix in the fourth quarter valued at about $380,000. Fidelis Capital Partners LLC bought a new position in Netflix in the fourth quarter valued at about $341,000. Diligent Investors LLC grew its position in Netflix by 14.0% in the fourth quarter. Diligent Investors LLC now owns 1,426 shares of the Internet television network’s stock valued at $420,000 after acquiring an additional 175 shares during the last quarter. Finally, Veriti Management LLC grew its position in Netflix by 14.4% in the fourth quarter. Veriti Management LLC now owns 7,133 shares of the Internet television network’s stock valued at $2,103,000 after acquiring an additional 896 shares during the last quarter. Institutional investors own 77.26% of the company’s stock.

Netflix Company Profile

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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.