Citigroup Boosts Netflix (NASDAQ:NFLX) Price Target to $395.00

Netflix (NASDAQ:NFLXGet Rating) had its price target lifted by Citigroup from $315.00 to $395.00 in a research report released on Sunday, The Fly reports.

Several other brokerages have also recently commented on NFLX. Canaccord Genuity Group increased their target price on shares of Netflix from $365.00 to $400.00 and gave the stock a buy rating in a report on Friday, January 20th. Morgan Stanley increased their target price on shares of Netflix from $275.00 to $300.00 and gave the stock an equal weight rating in a report on Thursday, January 19th. Guggenheim increased their price target on shares of Netflix from $305.00 to $375.00 and gave the company a buy rating in a research note on Friday, January 20th. Credit Suisse Group increased their price target on shares of Netflix from $271.00 to $291.00 and gave the company a neutral rating in a research note on Friday, January 20th. Finally, Wedbush increased their price target on shares of Netflix from $400.00 to $410.00 and gave the company an outperform rating in a research note on Tuesday, January 17th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $342.36.

Netflix Stock Up 1.8 %

Shares of NFLX stock opened at $363.83 on Friday. The firm has a fifty day moving average of $307.15 and a 200-day moving average of $262.65. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 0.69. Netflix has a 12-month low of $162.71 and a 12-month high of $458.48. The company has a market capitalization of $161.91 billion, a price-to-earnings ratio of 36.57, a P/E/G ratio of 3.77 and a beta of 1.27.

Netflix (NASDAQ:NFLXGet Rating) last issued its quarterly earnings data on Thursday, January 19th. The Internet television network reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.35). Netflix had a return on equity of 23.06% and a net margin of 14.21%. The company had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.85 billion. During the same period in the prior year, the company earned $1.33 EPS. The firm’s revenue was up 1.9% on a year-over-year basis. As a group, equities research analysts predict that Netflix will post 10.66 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Netflix

Several hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC increased its holdings in Netflix by 64.1% in the 4th quarter. International Assets Investment Management LLC now owns 9,420 shares of the Internet television network’s stock valued at $543,000 after buying an additional 3,680 shares during the period. Sigma Planning Corp increased its holdings in Netflix by 5.5% in the 4th quarter. Sigma Planning Corp now owns 12,764 shares of the Internet television network’s stock valued at $3,764,000 after buying an additional 662 shares during the period. Pitti Group Wealth Management LLC bought a new position in Netflix in the 4th quarter valued at about $878,000. Covenant Asset Management LLC grew its holdings in shares of Netflix by 84.7% during the 4th quarter. Covenant Asset Management LLC now owns 5,800 shares of the Internet television network’s stock valued at $1,710,000 after purchasing an additional 2,660 shares during the last quarter. Finally, First Citizens Bank & Trust Co. grew its holdings in shares of Netflix by 90.6% during the 4th quarter. First Citizens Bank & Trust Co. now owns 18,668 shares of the Internet television network’s stock valued at $5,505,000 after purchasing an additional 8,876 shares during the last quarter. 77.26% of the stock is owned by institutional investors.

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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