Netflix (NASDAQ:NFLX) PT Raised to $325.00 at Piper Sandler

Netflix (NASDAQ:NFLXGet Rating) had its price objective lifted by stock analysts at Piper Sandler from $270.00 to $325.00 in a research note issued to investors on Friday, The Fly reports. The firm presently has a “neutral” rating on the Internet television network’s stock. Piper Sandler’s target price points to a potential downside of 5.11% from the company’s previous close.

A number of other research firms also recently issued reports on NFLX. KGI Securities upgraded shares of Netflix from a “neutral” rating to an “outperform” rating in a research report on Wednesday, October 19th. Benchmark boosted their target price on shares of Netflix from $157.00 to $162.00 and gave the company a “sell” rating in a research report on Wednesday, October 19th. Robert W. Baird upped their price objective on shares of Netflix from $240.00 to $275.00 in a report on Wednesday, October 19th. Cowen upped their price objective on shares of Netflix to $405.00 in a report on Friday, December 9th. Finally, Bank of America restated a “buy” rating and set a $370.00 price objective on shares of Netflix in a report on Tuesday, November 15th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Netflix currently has an average rating of “Hold” and a consensus price target of $338.47.

Netflix Stock Up 8.5 %

Shares of NASDAQ NFLX opened at $342.50 on Friday. The company has a market capitalization of $152.42 billion, a P/E ratio of 30.69, a price-to-earnings-growth ratio of 3.69 and a beta of 1.27. 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 company’s 50 day moving average price is $304.91 and its 200-day moving average price is $259.68.

Netflix (NASDAQ:NFLXGet Rating) last issued its quarterly 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 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 firm posted $1.33 EPS. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. Equities analysts forecast that Netflix will post 10.31 earnings per share for the current year.

Hedge Funds Weigh In On Netflix

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Phocas Financial Corp. purchased a new stake in shares of Netflix in the fourth quarter worth about $29,000. Yarbrough Capital LLC purchased a new stake in Netflix in the fourth quarter valued at approximately $29,000. Gould Capital LLC purchased a new stake in Netflix in the second quarter valued at approximately $26,000. Carolinas Wealth Consulting LLC raised its stake in Netflix by 27.6% in the third quarter. Carolinas Wealth Consulting LLC now owns 162 shares of the Internet television network’s stock valued at $38,000 after purchasing an additional 35 shares in the last quarter. Finally, EWG Elevate Inc. purchased a new stake in Netflix in the fourth quarter valued at approximately $48,000. 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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