Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “underperform” rating reaffirmed by equities research analysts at Wedbush in a research report issued on Wednesday, July 12th. They currently have a $73.00 target price on the Internet television network’s stock. Wedbush’s price objective points to a potential downside of 59.74% from the stock’s current price.

Other equities research analysts have also issued reports about the company. UBS AG restated a “buy” rating and set a $175.00 price target on shares of Netflix in a research report on Tuesday, March 14th. Loop Capital lifted their price target on Netflix from $162.00 to $172.00 and gave the company an “outperform” rating in a research report on Wednesday, April 19th. Needham & Company LLC restated a “hold” rating on shares of Netflix in a research report on Tuesday, April 18th. Canaccord Genuity restated a “buy” rating and set a $165.00 price target on shares of Netflix in a research report on Thursday, May 25th. Finally, William Blair reissued an “outperform” rating on shares of Netflix in a report on Thursday, May 25th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $174.36.

Netflix (NASDAQ:NFLX) opened at 181.33 on Wednesday. Netflix has a 12-month low of $91.82 and a 12-month high of $191.50. The firm’s 50 day moving average price is $163.28 and its 200-day moving average price is $151.74. The company has a market capitalization of $78.29 billion, a PE ratio of 220.60 and a beta of 1.02.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. Netflix had a return on equity of 12.82% and a net margin of 3.55%. Netflix’s quarterly revenue was up 32.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.09 earnings per share. On average, equities analysts anticipate that Netflix will post $1.17 earnings per share for the current fiscal year.

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In other news, CEO Reed Hastings sold 115,577 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $152.63, for a total transaction of $17,640,517.51. Following the transaction, the chief executive officer now directly owns 115,577 shares in the company, valued at approximately $17,640,517.51. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard N. Barton sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $156.62, for a total value of $156,620.00. Following the transaction, the director now owns 8,012 shares in the company, valued at $1,254,839.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 398,801 shares of company stock worth $66,269,371. Insiders own 4.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jennison Associates LLC boosted its position in Netflix by 21.4% in the first quarter. Jennison Associates LLC now owns 12,947,211 shares of the Internet television network’s stock worth $1,913,727,000 after buying an additional 2,279,835 shares in the last quarter. FMR LLC boosted its position in Netflix by 6.6% in the first quarter. FMR LLC now owns 21,027,506 shares of the Internet television network’s stock worth $3,108,076,000 after buying an additional 1,305,294 shares in the last quarter. Vanguard Group Inc. boosted its position in Netflix by 3.5% in the first quarter. Vanguard Group Inc. now owns 27,161,082 shares of the Internet television network’s stock worth $4,014,680,000 after buying an additional 921,283 shares in the last quarter. Tybourne Capital Management HK Ltd. boosted its position in Netflix by 34.3% in the first quarter. Tybourne Capital Management HK Ltd. now owns 2,316,195 shares of the Internet television network’s stock worth $342,357,000 after buying an additional 590,966 shares in the last quarter. Finally, Morgan Stanley boosted its position in Netflix by 22.9% in the first quarter. Morgan Stanley now owns 3,061,631 shares of the Internet television network’s stock worth $452,541,000 after buying an additional 571,126 shares in the last quarter. Hedge funds and other institutional investors own 82.78% of the company’s stock.

About Netflix

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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