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

Netflix (NASDAQ:NFLXGet 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:NFLXGet 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

(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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