Netflix (NFLX) PT Set at $224.00 by Credit Suisse Group

Netflix (NASDAQ:NFLX) has been given a $224.00 price objective by equities researchers at Credit Suisse Group in a research note issued on Monday. The brokerage currently has a “neutral” rating on the Internet television network’s stock. Credit Suisse Group’s price objective points to a potential upside of 6.67% from the stock’s previous close.

Other analysts have also issued research reports about the company. B. Riley reissued a “neutral” rating on shares of Netflix in a report on Wednesday, November 1st. Wedbush reissued a “hold” rating and issued a $190.00 target price (up previously from $180.00) on shares of Netflix in a report on Wednesday, October 18th. Piper Jaffray Companies reissued a “buy” rating and issued a $215.00 target price on shares of Netflix in a report on Monday, September 18th. Sanford C. Bernstein reissued an “outperform” rating on shares of Netflix in a report on Tuesday, September 12th. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $205.00 price target on shares of Netflix in a research note on Thursday, October 5th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirty-five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $210.81.

Netflix (NASDAQ:NFLX) traded up $4.36 during trading on Monday, hitting $209.99. The company’s stock had a trading volume of 7,029,800 shares, compared to its average volume of 8,154,375. The company has a market cap of $91,160.00, a price-to-earnings ratio of 212.11, a price-to-earnings-growth ratio of 3.41 and a beta of 1.34. Netflix has a twelve month low of $128.50 and a twelve month high of $210.02. 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 posted its earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.97 billion. Netflix had a return on equity of 14.56% and a net margin of 4.04%. The firm’s revenue for the quarter was up 30.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.12 EPS. research analysts expect that Netflix will post 1.26 earnings per share for the current fiscal year.

In other news, Director Leslie J. Kilgore sold 847 shares of the business’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $207.00, for a total value of $175,329.00. Following the transaction, the director now directly owns 36,043 shares in the company, valued at $7,460,901. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Reed Hastings sold 83,335 shares of the business’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $192.79, for a total value of $16,066,154.65. Following the completion of the transaction, the chief executive officer now owns 83,335 shares in the company, valued at $16,066,154.65. The disclosure for this sale can be found here. Insiders have sold 338,227 shares of company stock worth $65,627,992 over the last quarter. 4.90% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in NFLX. FMR LLC lifted its position in shares of Netflix by 12.4% in the second quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock valued at $3,531,042,000 after acquiring an additional 2,605,731 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Netflix by 3,478.1% in the second quarter. Janus Henderson Group PLC now owns 2,041,458 shares of the Internet television network’s stock worth $305,014,000 after purchasing an additional 1,984,404 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Netflix by 2.9% in the second quarter. Vanguard Group Inc. now owns 27,950,272 shares of the Internet television network’s stock worth $4,176,049,000 after purchasing an additional 789,190 shares during the last quarter. Winslow Capital Management LLC increased its holdings in shares of Netflix by 495,050.8% in the second quarter. Winslow Capital Management LLC now owns 623,890 shares of the Internet television network’s stock worth $93,216,000 after purchasing an additional 623,764 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Netflix by 1.7% in the second quarter. BlackRock Inc. now owns 25,663,728 shares of the Internet television network’s stock worth $3,834,416,000 after purchasing an additional 423,968 shares during the last quarter. Institutional investors and hedge funds own 83.27% of the company’s stock.

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Netflix Company Profile

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.