Netflix Inc. (NASDAQ:NFLX) had its price target cut by research analysts at FBR & Co from $100.00 to $90.00 in a research report issued on Tuesday. The brokerage currently has a “mkt perform” rating on the Internet television network’s stock. FBR & Co’s price objective suggests a potential downside of 28.89% from the company’s previous close.

A number of other research firms also recently commented on NFLX. Deutsche Bank AG assumed coverage on shares of Netflix in a research report on Monday, October 10th. They set a “sell” rating and a $90.00 target price on the stock. They noted that the move was a valuation call. Raymond James Financial Inc. set a $120.00 target price on shares of Netflix and gave the company a “buy” rating in a research report on Monday, October 10th. Vetr downgraded shares of Netflix from a “buy” rating to a “hold” rating and set a $105.94 target price on the stock. in a research report on Monday, October 3rd. Robert W. Baird reissued a “neutral” rating and set a $94.00 target price on shares of Netflix in a research report on Tuesday, October 4th. Finally, Zacks Investment Research downgraded shares of Netflix from a “buy” rating to a “hold” rating in a research report on Tuesday, October 4th. Eight research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $116.41.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

Shares of Netflix (NASDAQ:NFLX) traded up 0.08% on Tuesday, reaching $126.57. 7,077,252 shares of the company were exchanged. The firm’s 50 day moving average price is $105.67 and its 200 day moving average price is $97.72. Netflix has a 52 week low of $79.95 and a 52 week high of $133.27. The stock has a market capitalization of $54.32 billion, a price-to-earnings ratio of 342.08 and a beta of 1.14.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, October 17th. The Internet television network reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.06. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. Netflix had a net margin of 1.99% and a return on equity of 6.31%. The firm’s revenue was up 31.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.07 EPS. Equities research analysts anticipate that Netflix will post $0.40 EPS for the current year.

In other Netflix news, insider Theodore A. Sarandos sold 91,966 shares of Netflix stock in a transaction dated Tuesday, October 18th. The stock was sold at an average price of $116.63, for a total value of $10,725,994.58. Following the completion of the sale, the insider now owns 15,204 shares in the company, valued at approximately $1,773,242.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard N. Barton sold 1,400 shares of Netflix stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $93.58, for a total value of $131,012.00. Following the completion of the sale, the director now owns 15,562 shares of the company’s stock, valued at approximately $1,456,291.96. The disclosure for this sale can be found here. 4.90% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of NFLX. Cornerstone Advisors Inc. boosted its stake in Netflix by 25.6% in the second quarter. Cornerstone Advisors Inc. now owns 1,118 shares of the Internet television network’s stock valued at $102,000 after buying an additional 228 shares during the period. Signature Estate & Investment Advisors LLC purchased a new position in Netflix during the second quarter valued at $124,000. Quadrant Capital Group LLC raised its position in Netflix by 15.1% in the second quarter. Quadrant Capital Group LLC now owns 1,475 shares of the Internet television network’s stock valued at $126,000 after buying an additional 194 shares in the last quarter. Coconut Grove Bank raised its position in Netflix by 1.7% in the second quarter. Coconut Grove Bank now owns 1,526 shares of the Internet television network’s stock valued at $140,000 after buying an additional 26 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in Netflix by 15.3% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,690 shares of the Internet television network’s stock valued at $155,000 after buying an additional 224 shares in the last quarter. Institutional investors own 78.41% of the company’s stock.

About Netflix

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.

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