Netflix (NFLX) Given a $224.00 Price Target at Credit Suisse Group

Credit Suisse Group set a $224.00 price objective on Netflix (NASDAQ:NFLX) in a research report released on Monday, January 8th. The firm currently has a neutral rating on the Internet television network’s stock.

Several other equities research analysts have also recently commented on NFLX. B. Riley reissued a neutral rating on shares of Netflix in a research note on Wednesday, November 1st. Wedbush restated a hold rating and issued a $190.00 target price (up from $180.00) on shares of Netflix in a report on Wednesday, October 18th. Piper Jaffray Companies restated a buy rating and issued a $215.00 target price on shares of Netflix in a report on Monday, September 18th. Sanford C. Bernstein restated an outperform rating on shares of Netflix in a report on Tuesday, September 12th. Finally, Cantor Fitzgerald reiterated a buy rating and set a $205.00 price target on shares of Netflix in a report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and thirty-five have given a buy rating to the company. The company has an average rating of Buy and an average price target of $212.08.

Shares of Netflix (NASDAQ NFLX) traded up $3.99 during trading on Monday, reaching $221.23. 8,188,580 shares of the company’s stock traded hands, compared to its average volume of 7,348,377. The company has a market capitalization of $95,730.00, a PE ratio of 223.46, a PEG ratio of 3.59 and a beta of 1.34. Netflix has a 12-month low of $130.58 and a 12-month high of $222.55. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.47.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The company had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.97 billion. During the same period in the prior year, the business posted $0.12 EPS. The company’s revenue for the quarter was up 30.3% compared to the same quarter last year. equities research analysts anticipate that Netflix will post 1.25 EPS for the current fiscal year.

In related news, Director Richard N. Barton sold 700 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $197.38, for a total transaction of $138,166.00. Following the completion of the transaction, the director now directly owns 7,362 shares in the company, valued at $1,453,111.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jonathan Friedland sold 995 shares of the stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $219.92, for a total value of $218,820.40. Following the transaction, the insider now owns 1,016 shares of the company’s stock, valued at $223,438.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 340,234 shares of company stock worth $66,100,061. 4.90% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the business. Balentine LLC boosted its stake in shares of Netflix by 1,020.4% during the 3rd quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock worth $100,000 after acquiring an additional 500 shares during the period. Almanack Investment Partners LLC. acquired a new position in Netflix in the 2nd quarter valued at $101,000. Aviance Capital Management LLC acquired a new position in Netflix in the 2nd quarter valued at $137,000. Captrust Financial Advisors acquired a new position in Netflix in the 2nd quarter valued at $139,000. Finally, Harfst & Associates Inc. raised its holdings in Netflix by 36.8% in the 2nd quarter. Harfst & Associates Inc. now owns 1,015 shares of the Internet television network’s stock valued at $151,000 after acquiring an additional 273 shares in the last quarter. Hedge funds and other institutional investors own 83.27% of the company’s stock.

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About Netflix

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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