Netflix’s (NFLX) Neutral Rating Reiterated at Credit Suisse Group

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Credit Suisse Group reaffirmed their neutral rating on shares of Netflix (NASDAQ:NFLX) in a research note published on Thursday morning. Credit Suisse Group currently has a $330.00 price objective on the Internet television network’s stock.

A number of other research analysts have also recently weighed in on NFLX. BidaskClub raised shares of Netflix from a buy rating to a strong-buy rating in a research note on Wednesday, February 21st. Piper Jaffray Companies reissued an overweight rating and set a $319.00 price objective (up from $281.00) on shares of Netflix in a research note on Wednesday, February 21st. Vetr cut shares of Netflix from a hold rating to a sell rating and set a $266.74 price objective for the company. in a research note on Thursday, February 22nd. UBS Group raised their target price on shares of Netflix from $290.00 to $345.00 and gave the stock a buy rating in a research report on Monday, March 5th. Finally, Macquarie raised their target price on shares of Netflix from $275.00 to $330.00 and gave the stock an outperform rating in a research report on Monday, March 5th. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $300.45.

Shares of Netflix opened at $411.09 on Thursday, according to MarketBeat Ratings. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.30 and a quick ratio of 1.30. Netflix has a 1-year low of $144.25 and a 1-year high of $423.21. The company has a market cap of $180.59 billion, a PE ratio of 328.87, a price-to-earnings-growth ratio of 5.40 and a beta of 1.00.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, April 16th. The Internet television network reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.01. Netflix had a net margin of 5.26% and a return on equity of 19.11%. The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same period last year, the company posted $0.40 EPS. The company’s revenue was up 40.3% on a year-over-year basis. sell-side analysts expect that Netflix will post 2.89 earnings per share for the current fiscal year.

In other news, Director Richard N. Barton sold 700 shares of the business’s stock in a transaction dated Friday, June 22nd. The shares were sold at an average price of $420.57, for a total value of $294,399.00. Following the completion of the sale, the director now owns 7,393 shares of the company’s stock, valued at approximately $3,109,274.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Leslie J. Kilgore sold 472 shares of the business’s stock in a transaction dated Tuesday, June 19th. The stock was sold at an average price of $401.00, for a total transaction of $189,272.00. Following the completion of the sale, the director now directly owns 35,668 shares of the company’s stock, valued at approximately $14,302,868. The disclosure for this sale can be found here. Insiders sold a total of 287,982 shares of company stock valued at $102,435,098 in the last three months. Insiders own 4.29% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Trustcore Financial Services LLC increased its position in shares of Netflix by 5.9% in the 1st quarter. Trustcore Financial Services LLC now owns 2,933 shares of the Internet television network’s stock worth $866,000 after purchasing an additional 163 shares during the last quarter. Mason Street Advisors LLC increased its position in shares of Netflix by 0.3% in the 1st quarter. Mason Street Advisors LLC now owns 60,448 shares of the Internet television network’s stock worth $17,853,000 after purchasing an additional 172 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of Netflix by 5.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 3,439 shares of the Internet television network’s stock valued at $1,016,000 after buying an additional 179 shares during the period. Arete Wealth Advisors LLC boosted its holdings in shares of Netflix by 5.2% in the 1st quarter. Arete Wealth Advisors LLC now owns 4,013 shares of the Internet television network’s stock valued at $1,185,000 after buying an additional 198 shares during the period. Finally, FUKOKU MUTUAL LIFE INSURANCE Co boosted its holdings in shares of Netflix by 11.4% in the 1st quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,950 shares of the Internet television network’s stock valued at $576,000 after buying an additional 200 shares during the period. 77.06% of the stock is owned by institutional investors.

Netflix Company Profile

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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