Netflix (NASDAQ:NFLX) Receives Buy Rating from Credit Suisse Group

Credit Suisse Group restated their buy rating on shares of Netflix (NASDAQ:NFLX) in a research report report published on Wednesday, Borsen Zeitung reports. Credit Suisse Group currently has a $440.00 price target on the Internet television network’s stock.

A number of other equities research analysts have also issued reports on the stock. Raymond James reaffirmed a buy rating and set a $415.00 price objective on shares of Netflix in a report on Wednesday, January 15th. Oppenheimer cut their price objective on shares of Netflix from $410.00 to $385.00 and set an outperform rating for the company in a report on Thursday, October 17th. Pivotal Research increased their price objective on shares of Netflix from $400.00 to $425.00 and gave the company a buy rating in a report on Thursday, December 19th. Robert W. Baird cut their price objective on shares of Netflix from $370.00 to $300.00 and set a neutral rating for the company in a report on Thursday, October 17th. Finally, Sanford C. Bernstein reaffirmed a buy rating and set a $415.00 price objective on shares of Netflix in a report on Monday. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-five have issued a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $377.58.

NASDAQ NFLX traded up $23.60 on Wednesday, reaching $349.60. 18,163,072 shares of the stock were exchanged, compared to its average volume of 7,937,732. Netflix has a one year low of $252.28 and a one year high of $385.99. The firm has a market capitalization of $153.07 billion, a PE ratio of 84.65, a PEG ratio of 2.07 and a beta of 1.28. The company’s 50-day simple moving average is $324.11 and its two-hundred day simple moving average is $306.89. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.81.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.78. Netflix had a net margin of 9.26% and a return on equity of 30.00%. The company had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.45 billion. During the same quarter last year, the business earned $0.30 EPS. The firm’s revenue was up 30.6% compared to the same quarter last year. Sell-side analysts forecast that Netflix will post 5.45 earnings per share for the current fiscal year.

In related news, CEO Reed Hastings sold 83,692 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $336.61, for a total value of $28,171,564.12. Following the completion of the transaction, the chief executive officer now directly owns 83,692 shares of the company’s stock, valued at $28,171,564.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 4.29% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Man Group plc boosted its stake in Netflix by 9.0% during the second quarter. Man Group plc now owns 21,907 shares of the Internet television network’s stock worth $8,046,000 after buying an additional 1,815 shares during the period. Andra AP fonden boosted its stake in Netflix by 28.2% during the second quarter. Andra AP fonden now owns 9,100 shares of the Internet television network’s stock worth $3,343,000 after buying an additional 2,000 shares during the period. Peapack Gladstone Financial Corp boosted its stake in Netflix by 57.2% during the second quarter. Peapack Gladstone Financial Corp now owns 2,705 shares of the Internet television network’s stock worth $994,000 after buying an additional 984 shares during the period. Stonebridge Capital Advisors LLC purchased a new position in Netflix during the second quarter worth $76,000. Finally, River & Mercantile Asset Management LLP purchased a new position in Netflix during the second quarter worth $7,809,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

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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