Equity Management

Netflix (NASDAQ:NFLX) PT Raised to $225.00 at The Goldman Sachs Group

The Goldman Sachs Group boosted their target price on Netflix from $200.00 to $225.00 and gave the stock a "sell" rating in a report on Tuesday.

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Feb 4, 2023 • 4 min read

Netflix (NASDAQ:NFLX - Get Rating) had its price objective raised by equities researchers at The Goldman Sachs Group from $200.00 to $225.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a "sell" rating on the Internet television network's stock. The Goldman Sachs Group's price target indicates a potential downside of 29.81% from the stock's previous close.

A number of other equities research analysts also recently weighed in on the stock. Societe Generale lifted their price target on shares of Netflix from $170.00 to $215.00 and gave the company a "sell" rating in a research report on Wednesday, November 30th. Deutsche Bank Aktiengesellschaft raised Netflix from a "hold" rating to a "buy" rating and increased their target price for the stock from $270.00 to $350.00 in a report on Wednesday, October 19th. UBS Group upped their price objective on shares of Netflix from $198.00 to $250.00 and gave the stock a "neutral" rating in a research report on Friday, October 14th. Citigroup increased their price objective on shares of Netflix from $275.00 to $305.00 and gave the stock a "buy" rating in a research note on Friday, September 16th. Finally, Credit Suisse Group upped their price target on shares of Netflix from $263.00 to $271.00 and gave the stock a "neutral" rating in a report on Wednesday, October 19th. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $323.64.

Netflix Stock Performance

Shares of Netflix stock traded up $5.38 on Tuesday, hitting $320.55. The stock had a trading volume of 129,694 shares, compared to its average volume of 7,705,522. The business's 50 day moving average is $294.31 and its two-hundred day moving average is $250.93. The stock has a market cap of $142.65 billion, a price-to-earnings ratio of 28.72, a price-to-earnings-growth ratio of 3.47 and a beta of 1.27. Netflix has a twelve month low of $162.71 and a twelve month high of $544.27. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.68.

Netflix (NASDAQ:NFLX - Get Rating) last announced its earnings results on Tuesday, October 18th. The Internet television network reported $3.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.11 by $0.99. Netflix had a net margin of 16.03% and a return on equity of 27.64%. The company had revenue of $7.93 billion during the quarter, compared to analysts' expectations of $7.84 billion. During the same quarter in the previous year, the business posted $3.19 earnings per share. Netflix's quarterly revenue was up 5.9% on a year-over-year basis. Analysts forecast that Netflix will post 10.31 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of NFLX. Pershing Square Capital Management L.P. bought a new position in Netflix during the first quarter worth $1,164,962,000. Polen Capital Management LLC boosted its stake in Netflix by 53.9% during the third 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. Loomis Sayles & Co. L P boosted its stake in Netflix by 78.8% during the second quarter. Loomis Sayles & Co. L P now owns 5,556,396 shares of the Internet television network's stock worth $971,647,000 after acquiring an additional 2,449,016 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Netflix by 21.2% during the third 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, Jennison Associates LLC lifted its stake in shares of Netflix by 77.7% in the third quarter. Jennison Associates LLC now owns 2,601,128 shares of the Internet television network's stock valued at $612,410,000 after buying an additional 1,137,471 shares in the last quarter. 77.26% of the stock is owned by institutional investors.

About Netflix

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.