Netflix (NASDAQ:NFLX) Stock Rating Reaffirmed by Credit Suisse Group

Netflix (NASDAQ:NFLX)‘s stock had its “buy” rating restated by research analysts at Credit Suisse Group in a research report issued on Thursday, Borsen Zeitung reports. They currently have a $440.00 price objective on the Internet television network’s stock. Credit Suisse Group’s price target points to a potential upside of 59.83% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the company. BidaskClub upgraded Netflix from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 3rd. Cowen set a $435.00 price objective on Netflix and gave the stock a “buy” rating in a research report on Tuesday, October 8th. UBS Group set a $370.00 price objective on Netflix and gave the stock a “buy” rating in a research report on Thursday, October 10th. Goldman Sachs Group reiterated a “buy” rating and issued a $400.00 price objective on shares of Netflix in a research report on Thursday. Finally, Citigroup lowered their price objective on Netflix from $420.00 to $410.00 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Six investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $363.11.

NASDAQ:NFLX opened at $275.30 on Thursday. The company has a market cap of $120.53 billion, a P/E ratio of 102.72, a P/E/G ratio of 2.93 and a beta of 1.20. The stock’s fifty day moving average price is $280.59 and its two-hundred day moving average price is $331.30. Netflix has a 1 year low of $231.23 and a 1 year high of $385.99. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.85 and a quick ratio of 0.85.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Wednesday, October 16th. The Internet television network reported $1.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.42. Netflix had a return on equity of 20.88% and a net margin of 6.53%. The company had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.25 billion. During the same quarter last year, the business posted $0.89 earnings per share. The firm’s revenue was up 31.2% compared to the same quarter last year. On average, analysts expect that Netflix will post 3.23 earnings per share for the current fiscal year.

In related news, Director Bradford L. Smith acquired 6,499 shares of Netflix stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of $308.49 per share, with a total value of $2,004,876.51. Following the completion of the purchase, the director now owns 799 shares of the company’s stock, valued at $246,483.51. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Reed Hastings sold 55,342 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $309.54, for a total value of $17,130,562.68. Following the transaction, the chief executive officer now directly owns 55,342 shares in the company, valued at $17,130,562.68. The disclosure for this sale can be found here. In the last three months, insiders sold 150,983 shares of company stock worth $44,378,164. 4.29% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the company. Nelson Roberts Investment Advisors LLC grew its stake in shares of Netflix by 600.0% during the second quarter. Nelson Roberts Investment Advisors LLC now owns 84 shares of the Internet television network’s stock valued at $31,000 after buying an additional 72 shares during the last quarter. Intercontinental Wealth Advisors LLC grew its stake in shares of Netflix by 100.0% during the third quarter. Intercontinental Wealth Advisors LLC now owns 96 shares of the Internet television network’s stock valued at $26,000 after buying an additional 48 shares during the last quarter. SRS Capital Advisors Inc. bought a new position in shares of Netflix during the second quarter valued at about $39,000. SevenBridge Financial Group LLC grew its stake in shares of Netflix by 66.7% during the second quarter. SevenBridge Financial Group LLC now owns 125 shares of the Internet television network’s stock valued at $46,000 after buying an additional 50 shares during the last quarter. Finally, CX Institutional bought a new position in shares of Netflix during the third quarter valued at about $35,000. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Company Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, 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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