Netflix Inc. (NASDAQ:NFLX) had its price target decreased by research analysts at FBR & Co from $100.00 to $90.00 in a note issued to investors on Tuesday. The brokerage presently has a “mkt perform” rating on the Internet television network’s stock. FBR & Co’s target price indicates a potential downside of 28.84% from the company’s current price.

Several other research analysts also recently weighed in on NFLX. Nomura restated a “buy” rating and issued a $115.00 target price (down from $125.00) on shares of Netflix in a research note on Monday, June 20th. Zacks Investment Research raised shares of Netflix from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a report on Tuesday, June 21st. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $62.00 price target on shares of Netflix in a report on Wednesday, June 22nd. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $140.00 price target on shares of Netflix in a report on Thursday, June 23rd. Finally, Pacific Crest reaffirmed a “buy” rating and issued a $130.00 price target on shares of Netflix in a report on Wednesday, June 22nd. Eight equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $116.41.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

Shares of Netflix (NASDAQ:NFLX) traded up 0.25% during mid-day trading on Tuesday, hitting $126.79. 6,097,736 shares of the stock traded hands. The firm’s 50 day moving average price is $104.92 and its 200-day moving average price is $97.55. Netflix has a 12-month low of $79.95 and a 12-month high of $133.27. The stock has a market cap of $54.41 billion, a P/E ratio of 342.68 and a beta of 1.14.

Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, October 17th. The Internet television network reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.06. The business earned $2.29 billion during 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 business’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 earnings per share. Analysts predict that Netflix will post $0.40 earnings per share for the current year.

In other Netflix news, CFO David B. Wells sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $126.29, for a total value of $63,145.00. Following the sale, the chief financial officer now owns 500 shares in the company, valued at approximately $63,145. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard N. Barton sold 1,400 shares of the business’s stock in a transaction that occurred on 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 in the company, 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 large investors have recently added to or reduced their stakes in the stock. M&T Bank Corp boosted 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 worth $3,320,000 after buying an additional 1,737 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted 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 worth $225,000 after buying an additional 310 shares in the last quarter. Canada Pension Plan Investment Board boosted 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 worth $4,801,000 after buying an additional 500 shares in the last quarter. BB&T Securities LLC boosted 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 worth $1,123,000 after buying an additional 5,416 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted 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 worth $1,774,000 after buying an additional 1,686 shares in the last quarter. Hedge funds and other 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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