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

Netflix (NASDAQ:NFLX)‘s stock had its “buy” rating reiterated by investment analysts at Credit Suisse Group in a report released on Friday, Borsen Zeitung reports. They currently have a $450.00 price target on the Internet television network’s stock. Credit Suisse Group’s price target indicates a potential upside of 20.56% from the company’s current price.

A number of other brokerages also recently weighed in on NFLX. BidaskClub downgraded Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a report on Monday, June 24th. Barclays reiterated a “buy” rating on shares of Netflix in a report on Thursday, May 16th. Rosenblatt Securities reiterated a “neutral” rating and issued a $370.00 target price (up from $350.00) on shares of Netflix in a report on Wednesday. Evercore ISI reiterated an “outperform” rating and issued a $380.00 target price (up from $350.00) on shares of Netflix in a report on Wednesday. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $400.00 target price on shares of Netflix in a report on Monday, April 8th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $393.24.

Netflix stock opened at $373.25 on Friday. The business has a 50 day moving average of $361.38. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a market capitalization of $165.92 billion, a price-to-earnings ratio of 139.27, a P/E/G ratio of 3.78 and a beta of 1.26. Netflix has a one year low of $231.23 and a one year high of $410.00.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, April 16th. The Internet television network reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.19. The company had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.50 billion. Netflix had a return on equity of 24.75% and a net margin of 7.61%. The firm’s quarterly revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.64 earnings per share. As a group, analysts predict that Netflix will post 3.35 EPS for the current year.

In related news, Director Ann Mather sold 1,208 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $375.00, for a total transaction of $453,000.00. Following the completion of the sale, the director now owns 357 shares in the company, valued at $133,875. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Reed Hastings sold 56,966 shares of the company’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $370.74, for a total value of $21,119,574.84. Following the sale, the chief executive officer now owns 56,966 shares of the company’s stock, valued at approximately $21,119,574.84. The disclosure for this sale can be found here. Insiders have sold 167,486 shares of company stock valued at $60,955,416 in the last quarter. 4.29% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Parkside Financial Bank & Trust boosted its position in Netflix by 5.4% in the first quarter. Parkside Financial Bank & Trust now owns 529 shares of the Internet television network’s stock worth $189,000 after purchasing an additional 27 shares during the last quarter. Investment House LLC boosted its position in Netflix by 3.1% in the first quarter. Investment House LLC now owns 954 shares of the Internet television network’s stock worth $340,000 after purchasing an additional 29 shares during the last quarter. Dixon Hubard Feinour & Brown Inc. VA boosted its position in Netflix by 0.4% in the first quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 7,290 shares of the Internet television network’s stock worth $2,599,000 after purchasing an additional 30 shares during the last quarter. Harfst & Associates Inc. boosted its position in Netflix by 3.5% in the first quarter. Harfst & Associates Inc. now owns 992 shares of the Internet television network’s stock worth $353,000 after purchasing an additional 34 shares during the last quarter. Finally, WESPAC Advisors SoCal LLC boosted its position in Netflix by 1.9% in the first quarter. WESPAC Advisors SoCal LLC now owns 1,910 shares of the Internet television network’s stock worth $681,000 after purchasing an additional 35 shares during the last quarter. Institutional investors and hedge funds own 77.02% of the company’s stock.

About Netflix

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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