Netflix Inc. (NASDAQ:NFLX)‘s stock had its “neutral” rating reiterated by equities researchers at Credit Suisse Group AG in a report released on Tuesday. They presently have a $130.00 price objective on the Internet television network’s stock, down from their previous price objective of $132.00. Credit Suisse Group AG’s price objective would suggest a potential upside of 5.39% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $140.00 price target on shares of Netflix in a report on Tuesday, June 28th. Jefferies Group reissued an “underperform” rating and issued a $76.00 price target (down from $80.00) on shares of Netflix in a report on Sunday, July 17th. Wedbush reissued an “underperform” rating and issued a $50.00 price target (up from $45.00) on shares of Netflix in a report on Sunday, July 17th. SunTrust Banks Inc. reissued a “hold” rating on shares of Netflix in a report on Sunday, July 17th. Finally, BTIG Research reissued a “buy” rating and issued a $130.00 price target (down from $150.00) on shares of Netflix in a report on Sunday, July 17th. Eight research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $116.74.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

Netflix (NASDAQ:NFLX) traded up 3.2529% on Tuesday, hitting $127.3625. 15,681,377 shares of the stock were exchanged. The company has a market capitalization of $54.60 billion, a PE ratio of 398.0078 and a beta of 1.14. Netflix has a 1-year low of $79.95 and a 1-year high of $133.27. The company has a 50-day moving average price of $101.04 and a 200 day moving average price of $96.75.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, October 17th. The Internet television network reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.06. The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Netflix had a net margin of 1.99% and a return on equity of 6.31%. Netflix’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.07 EPS. Analysts anticipate that Netflix will post $0.28 EPS for the current fiscal year.

In other news, Director Jay C. Hoag acquired 300,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The shares were bought at an average cost of $94.31 per share, with a total value of $28,293,000.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jay C. Hoag acquired 600,000 shares of the business’s stock in a transaction that occurred on Monday, July 25th. The shares were purchased at an average cost of $86.43 per share, for a total transaction of $51,858,000.00. The disclosure for this purchase can be found here. 4.90% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. Allen Investment Management LLC increased its stake in shares of Netflix by 2.6% in the first quarter. Allen Investment Management LLC now owns 30,941 shares of the Internet television network’s stock valued at $3,163,000 after buying an additional 778 shares during the period. Adage Capital Partners GP L.L.C. increased its stake in shares of Netflix by 69.9% in the first quarter. Adage Capital Partners GP L.L.C. now owns 645,960 shares of the Internet television network’s stock valued at $66,036,000 after buying an additional 265,678 shares during the period. National Pension Service increased its stake in shares of Netflix by 4.2% in the first quarter. National Pension Service now owns 215,392 shares of the Internet television network’s stock valued at $22,020,000 after buying an additional 8,623 shares during the period. Hancock Holding Co. increased its stake in shares of Netflix by 14.2% in the first quarter. Hancock Holding Co. now owns 120,712 shares of the Internet television network’s stock valued at $12,340,000 after buying an additional 15,029 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Netflix by 2.4% in the first quarter. Geode Capital Management LLC now owns 3,450,527 shares of the Internet television network’s stock valued at $352,036,000 after buying an additional 79,246 shares during the period. 78.41% of the stock is currently owned by institutional investors.

Netflix Company Profile

Netflix, Inc (Netflix) is a provider of Internet television network. The Company’s members can watch original series, documentaries and feature films in Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content.

5 Day Chart for NASDAQ:NFLX

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