Netflix Inc. (NASDAQ:NFLX) had its target price dropped by equities researchers at FBR & Co from $100.00 to $90.00 in a research note issued to investors on Tuesday. The firm currently has a “mkt perform” rating on the Internet television network’s stock. FBR & Co’s price objective indicates a potential downside of 28.89% from the stock’s previous close.

A number of other analysts also recently issued reports on NFLX. Nomura restated a “buy” rating and issued a $115.00 price objective (down previously from $125.00) on shares of Netflix in a research report on Monday, June 20th. Zacks Investment Research upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a research report on Tuesday, June 21st. Sanford C. Bernstein restated an “underperform” rating and issued a $62.00 price objective on shares of Netflix in a research report on Wednesday, June 22nd. Cantor Fitzgerald restated a “buy” rating and issued a $140.00 price objective on shares of Netflix in a research report on Thursday, June 23rd. Finally, Pacific Crest restated a “buy” rating and issued a $130.00 price objective on shares of Netflix in a research report on Wednesday, June 22nd. Eight research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $116.63.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

Shares of Netflix (NASDAQ:NFLX) traded down 1.32% during mid-day trading on Tuesday, hitting $124.90. The company’s stock had a trading volume of 5,552,170 shares. The company has a 50-day moving average of $105.67 and a 200 day moving average of $97.72. Netflix has a 1-year low of $79.95 and a 1-year high of $133.27. The company has a market cap of $53.60 billion, a price-to-earnings ratio of 337.57 and a beta of 1.14.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, October 17th. The Internet television network reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. Netflix had a net margin of 1.99% and a return on equity of 6.31%. The business earned $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period in the previous year, the business earned $0.07 EPS. Netflix’s revenue was up 31.7% compared to the same quarter last year. On average, analysts expect that Netflix will post $0.40 EPS for the current year.

In other news, Director Richard N. Barton sold 1,400 shares of the stock in a transaction dated Monday, October 24th. The shares were sold at an average price of $127.42, for a total transaction of $178,388.00. Following the sale, the director now owns 16,262 shares of the company’s stock, valued at $2,072,104.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 2,800 shares of the stock in a transaction dated Tuesday, October 25th. The stock was sold at an average price of $126.97, for a total transaction of $355,516.00. Following the sale, the director now directly owns 16,262 shares in the company, valued at approximately $2,064,786.14. The disclosure for this sale can be found here. 4.90% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. Allen Investment Management LLC increased its stake in Netflix by 2.6% in the first quarter. Allen Investment Management LLC now owns 30,941 shares of the Internet television network’s stock worth $3,163,000 after buying an additional 778 shares during the period. Adage Capital Partners GP L.L.C. boosted its position 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 worth $66,036,000 after buying an additional 265,678 shares in the last quarter. National Pension Service boosted its position 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 worth $22,020,000 after buying an additional 8,623 shares in the last quarter. Hancock Holding Co. boosted its position 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 worth $12,340,000 after buying an additional 15,029 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position 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 worth $352,036,000 after buying an additional 79,246 shares in the last quarter. Hedge funds and other institutional investors own 78.43% 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.

5 Day Chart for NASDAQ:NFLX

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