Wedbush set a $93.00 target price on Netflix, Inc. (NASDAQ:NFLX) in a report published on Tuesday morning, MarketBeat reports. The firm currently has a sell rating on the Internet television network’s stock. Wedbush also issued estimates for Netflix’s Q4 2017 earnings at $0.42 EPS, FY2017 earnings at $1.26 EPS, Q1 2018 earnings at $0.51 EPS, Q2 2018 earnings at $0.46 EPS, Q3 2018 earnings at $0.48 EPS, Q4 2018 earnings at $0.54 EPS and FY2018 earnings at $2.00 EPS.

Other analysts have also recently issued research reports about the company. BMO Capital Markets reissued a market perform rating and issued a $180.00 price objective (up previously from $150.00) on shares of Netflix in a research report on Tuesday, July 18th. Needham & Company LLC reissued a hold rating on shares of Netflix in a research report on Tuesday, July 18th. Bank of America Corporation reissued a buy rating and issued a $199.00 price objective (up previously from $184.00) on shares of Netflix in a research report on Tuesday, July 18th. Vetr raised Netflix from a sell rating to a hold rating and set a $165.09 price objective for the company in a research report on Wednesday, August 16th. Finally, Jefferies Group LLC reissued a hold rating and issued a $141.00 price objective on shares of Netflix in a research report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirty-four have given a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $205.69.

Netflix (NFLX) traded down 0.50% on Tuesday, hitting $194.16. The stock had a trading volume of 5,992,026 shares. Netflix has a 52-week low of $98.38 and a 52-week high of $200.82. The firm has a market cap of $83.96 billion, a PE ratio of 193.97 and a beta of 1.09. The company has a 50-day moving average price of $186.18 and a 200 day moving average price of $167.05.

Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.03). The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.97 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. The firm’s revenue was up 30.3% compared to the same quarter last year. During the same period last year, the business posted $0.12 EPS. Equities analysts forecast that Netflix will post $1.25 earnings per share for the current fiscal year.

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In other news, CEO Reed Hastings sold 109,214 shares of the stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $188.61, for a total transaction of $20,598,852.54. Following the completion of the sale, the chief executive officer now owns 109,214 shares in the company, valued at $20,598,852.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Leslie J. Kilgore sold 868 shares of the stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $202.00, for a total transaction of $175,336.00. The disclosure for this sale can be found here. Insiders have sold 305,288 shares of company stock valued at $55,168,715 in the last quarter. Insiders own 4.90% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in NFLX. FMR LLC raised its holdings in Netflix by 12.4% during the second quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock worth $3,531,042,000 after purchasing an additional 2,605,731 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Netflix by 3,478.1% during the second quarter. Janus Henderson Group PLC now owns 2,041,458 shares of the Internet television network’s stock worth $305,014,000 after purchasing an additional 1,984,404 shares in the last quarter. Jennison Associates LLC raised its holdings in Netflix by 14.0% during the second quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network’s stock worth $2,208,891,000 after purchasing an additional 1,814,056 shares in the last quarter. Vanguard Group Inc. raised its holdings in Netflix by 3.5% during 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 purchasing an additional 921,283 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. raised its holdings in Netflix by 22,622.2% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 814,592 shares of the Internet television network’s stock worth $121,708,000 after purchasing an additional 811,007 shares in the last quarter. Institutional investors and hedge funds own 81.02% of the company’s stock.

Netflix Company Profile

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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