Credit Suisse Group set a $440.00 price target on Netflix (NASDAQ:NFLX) in a research report released on Thursday morning, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the Internet television network’s stock.

NFLX has been the subject of several other reports. BidaskClub raised WhiteHorse Finance from a sell rating to a hold rating in a report on Thursday. Pivotal Research reissued a buy rating and set a $515.00 price target (up from $500.00) on shares of Netflix in a report on Wednesday. Stifel Nicolaus reissued a buy rating and set a $400.00 price target on shares of Netflix in a report on Monday, April 8th. Evercore ISI reissued an outperform rating and set a $380.00 price target (up from $350.00) on shares of Netflix in a report on Wednesday, July 10th. Finally, Goldman Sachs Group set a €135.00 ($156.98) price target on SAP and gave the stock a buy rating in a report on Friday, July 12th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Netflix currently has an average rating of Buy and an average target price of $390.47.

NFLX opened at $315.10 on Thursday. Netflix has a 12-month low of $231.23 and a 12-month high of $386.80. The firm has a market capitalization of $137.77 billion, a PE ratio of 117.57, a price-to-earnings-growth ratio of 3.19 and a beta of 1.26. The company has a 50 day simple moving average of $361.42. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.61 and a current ratio of 0.85.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Wednesday, July 17th. The Internet television network reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.04. Netflix had a return on equity of 20.88% and a net margin of 6.53%. The company had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.93 billion. During the same period last year, the firm posted $0.85 earnings per share. The business’s revenue was up 26.0% on a year-over-year basis. As a group, analysts forecast that Netflix will post 3.28 earnings per share for the current year.

In other news, CEO Reed Hastings sold 56,966 shares of Netflix 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 transaction, the chief executive officer now owns 56,966 shares in the company, valued at approximately $21,119,574.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ann Mather sold 1,208 shares of Netflix stock in a transaction on Monday, July 1st. The shares were sold at an average price of $375.00, for a total value of $453,000.00. Following the completion of the transaction, the director now owns 357 shares in the company, valued at approximately $133,875. The disclosure for this sale can be found here. In the last quarter, insiders sold 167,486 shares of company stock worth $60,955,416. Corporate insiders own 4.29% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Clarfeld Financial Advisors LLC bought a new position in shares of Netflix in the 4th quarter valued at $27,000. TCG Advisors LP bought a new position in shares of Netflix in the 1st quarter valued at $36,000. Joseph P. Lucia & Associates LLC bought a new position in shares of Netflix in the 1st quarter valued at $44,000. SevenBridge Financial Group LLC increased its stake in shares of Netflix by 66.7% in the 2nd quarter. SevenBridge Financial Group LLC now owns 125 shares of the Internet television network’s stock valued at $46,000 after purchasing an additional 50 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its stake in shares of Netflix by 182.0% in the 1st quarter. Thompson Siegel & Walmsley LLC now owns 141 shares of the Internet television network’s stock valued at $50,000 after purchasing an additional 91 shares during the last quarter. Institutional investors own 77.02% of the company’s stock.

Netflix Company Profile

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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