Netflix Inc. (NASDAQ:NFLX) had its price target lowered by stock analysts at FBR & Co from $100.00 to $90.00 in a report released on Tuesday. The brokerage presently has a “mkt perform” rating on the Internet television network’s stock. FBR & Co’s target price suggests a potential downside of 28.86% from the stock’s current price.

Other analysts have also issued research reports about the company. Zacks Investment Research raised Netflix from a “hold” rating to a “buy” rating and set a $105.00 target price on the stock in a report on Tuesday, June 21st. Nomura reaffirmed a “buy” rating and issued a $115.00 target price (down previously from $125.00) on shares of Netflix in a report on Monday, June 20th. Pacific Crest reissued a “buy” rating and set a $130.00 price objective on shares of Netflix in a report on Wednesday, June 22nd. Cantor Fitzgerald reissued a “buy” rating and set a $140.00 price objective on shares of Netflix in a report on Thursday, June 23rd. Finally, Vetr lowered Netflix from a “strong-buy” rating to a “buy” rating and set a $107.96 price objective on the stock. in a report on Monday, July 4th. Eight 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. Netflix currently has an average rating of “Hold” and a consensus target price of $116.09.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

Shares of Netflix (NASDAQ:NFLX) traded up 0.37% on Tuesday, reaching $126.98. 7,929,792 shares of the company traded hands. The company has a market capitalization of $54.49 billion, a PE ratio of 343.19 and a beta of 1.14. Netflix has a 52-week low of $79.95 and a 52-week high of $133.27. The firm has a 50-day moving average of $103.42 and a 200-day moving average of $97.13.

Netflix (NASDAQ:NFLX) last released 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 firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.28 billion. Netflix had a return on equity of 6.31% and a net margin of 1.99%. The company’s revenue was up 31.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 EPS. On average, equities research analysts forecast that Netflix will post $0.40 earnings per share for the current fiscal year.

In other news, Director A George Battle sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, October 19th. The stock was sold at an average price of $120.00, for a total value of $2,400,000.00. Following the completion of the sale, the director now directly owns 750 shares in the company, valued at approximately $90,000. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Theodore A. Sarandos sold 91,966 shares of the firm’s stock in a transaction dated Tuesday, October 18th. The shares were 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 of the company’s stock, valued at $1,773,242.52. The disclosure for this sale can be found here. Company insiders own 4.90% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. M&T Bank Corp increased its stake in shares of Netflix by 5.6% in the first quarter. M&T Bank Corp now owns 32,482 shares of the Internet television network’s stock valued at $3,320,000 after buying an additional 1,737 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Netflix by 16.4% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,201 shares of the Internet television network’s stock valued at $225,000 after buying an additional 310 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Netflix by 1.1% in the first quarter. Canada Pension Plan Investment Board now owns 46,963 shares of the Internet television network’s stock valued at $4,801,000 after buying an additional 500 shares in the last quarter. BB&T Securities LLC increased its stake in shares of Netflix by 97.1% in the first quarter. BB&T Securities LLC now owns 10,991 shares of the Internet television network’s stock valued at $1,123,000 after buying an additional 5,416 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Netflix by 10.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,360 shares of the Internet television network’s stock valued at $1,774,000 after buying an additional 1,686 shares in the last quarter. Institutional investors own 78.41% of the company’s stock.

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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