Guggenheim Boosts Netflix (NASDAQ:NFLX) Price Target to $375.00

Netflix (NASDAQ:NFLXGet Rating) had its target price increased by Guggenheim from $305.00 to $375.00 in a research note issued to investors on Friday morning, MarketBeat.com reports. The brokerage currently has a buy rating on the Internet television network’s stock.

A number of other equities analysts also recently commented on the stock. Cowen increased their price objective on shares of Netflix from $405.00 to $440.00 in a research note on Friday. Oppenheimer increased their price objective on shares of Netflix from $365.00 to $400.00 and gave the stock an outperform rating in a research note on Friday, January 13th. Cowen set a $405.00 price objective on shares of Netflix in a research note on Friday, December 9th. StockNews.com began coverage on shares of Netflix in a research note on Wednesday, October 12th. They set a hold rating for the company. Finally, Benchmark increased their price objective on shares of Netflix from $225.00 to $250.00 and gave the stock a sell rating in a research note on Friday. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $340.84.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $342.50 on Friday. The firm has a market cap of $152.42 billion, a PE ratio of 34.42, a PEG ratio of 3.78 and a beta of 1.27. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.68. Netflix has a 1-year low of $162.71 and a 1-year high of $458.48. The company has a fifty day moving average price of $304.91 and a 200 day moving average price of $260.22.

Netflix (NASDAQ:NFLXGet Rating) last announced its earnings results on Thursday, January 19th. The Internet television network reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.35). Netflix had a return on equity of 23.58% and a net margin of 14.21%. The company had revenue of $7.85 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. Research analysts predict that Netflix will post 10.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NFLX. Vanguard Group Inc. boosted its position in shares of Netflix by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 35,119,551 shares of the Internet television network’s stock worth $8,268,547,000 after acquiring an additional 534,950 shares in the last quarter. State Street Corp boosted its position in shares of Netflix by 2.2% during the 2nd quarter. State Street Corp now owns 17,249,083 shares of the Internet television network’s stock worth $3,016,347,000 after acquiring an additional 364,895 shares in the last quarter. FMR LLC boosted its position in shares of Netflix by 4.5% during the 2nd quarter. FMR LLC now owns 16,864,057 shares of the Internet television network’s stock worth $2,949,018,000 after acquiring an additional 725,384 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Netflix by 21.2% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 11,405,142 shares of the Internet television network’s stock worth $2,690,289,000 after acquiring an additional 1,991,099 shares in the last quarter. Finally, Polen Capital Management LLC boosted its position in shares of Netflix by 53.9% during the 3rd quarter. Polen Capital Management LLC now owns 7,332,431 shares of the Internet television network’s stock worth $1,726,348,000 after acquiring an additional 2,569,072 shares in the last quarter. Institutional investors and hedge funds own 77.26% of the company’s stock.

About Netflix

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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.

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Analyst Recommendations for Netflix (NASDAQ:NFLX)

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