Credit Suisse Group set a $440.00 target price on Netflix (NASDAQ:NFLX) in a research report sent to investors on Tuesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the Internet television network’s stock.

A number of other equities research analysts have also issued reports on the company. BMO Capital Markets reduced their target price on Netflix from $470.00 to $440.00 and set an outperform rating on the stock in a research note on Thursday, July 18th. Royal Bank of Canada set a $450.00 target price on Netflix and gave the company a buy rating in a research note on Monday, August 26th. BidaskClub lowered Netflix from a sell rating to a strong sell rating in a research note on Friday, September 6th. Wolfe Research initiated coverage on Netflix in a research note on Thursday, June 20th. They issued an outperform rating and a $442.00 target price on the stock. Finally, Wedbush upped their target price on Netflix from $183.00 to $188.00 and gave the company an underperform rating in a research note on Thursday, July 18th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Netflix currently has an average rating of Buy and a consensus price target of $391.38.

NFLX stock traded up $7.27 on Tuesday, reaching $296.13. The company had a trading volume of 360,795 shares, compared to its average volume of 6,013,466. Netflix has a 1 year low of $231.23 and a 1 year high of $386.80. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.85 and a current ratio of 0.85. The company’s fifty day moving average is $304.58 and its 200 day moving average is $346.27. The company has a market cap of $126.09 billion, a P/E ratio of 110.10, a PEG ratio of 2.95 and a beta of 1.24.

Netflix (NASDAQ:NFLX) last posted its earnings results on Wednesday, July 17th. The Internet television network reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. Netflix had a return on equity of 20.88% and a net margin of 6.53%. The firm had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.93 billion. During the same quarter in the prior year, the company earned $0.85 EPS. Netflix’s revenue was up 26.0% on a year-over-year basis. On average, sell-side analysts predict that Netflix will post 3.26 earnings per share for the current year.

In other news, Director Bradford L. Smith acquired 6,499 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of $308.49 per share, for a total transaction of $2,004,876.51. Following the acquisition, the director now directly owns 799 shares in the company, valued at approximately $246,483.51. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Reed Hastings sold 55,342 shares of the company’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $309.54, for a total value of $17,130,562.68. Following the sale, the chief executive officer now owns 55,342 shares of the company’s stock, valued at $17,130,562.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 160,717 shares of company stock valued at $52,621,735. Insiders own 4.29% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Netflix by 3.5% in the 2nd quarter. Vanguard Group Inc. now owns 32,688,805 shares of the Internet television network’s stock valued at $12,007,252,000 after purchasing an additional 1,118,349 shares in the last quarter. FMR LLC increased its holdings in Netflix by 2.4% in the 1st quarter. FMR LLC now owns 26,167,019 shares of the Internet television network’s stock valued at $9,330,112,000 after purchasing an additional 605,419 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Netflix by 1.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 15,748,186 shares of the Internet television network’s stock valued at $5,784,623,000 after purchasing an additional 297,582 shares in the last quarter. Baillie Gifford & Co. increased its holdings in Netflix by 2.2% in the 2nd quarter. Baillie Gifford & Co. now owns 7,743,499 shares of the Internet television network’s stock valued at $2,844,343,000 after purchasing an additional 163,289 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Netflix by 39.1% in the 2nd quarter. Invesco Ltd. now owns 7,249,377 shares of the Internet television network’s stock valued at $2,662,841,000 after purchasing an additional 2,039,046 shares in the last quarter. Hedge funds and other institutional investors own 78.95% 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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