Netflix (NASDAQ:NFLX) has been given a $93.00 price objective by stock analysts at Wedbush in a research report issued on Friday. The brokerage currently has a “sell” rating on the Internet television network’s stock. Wedbush’s price objective points to a potential downside of 57.82% from the stock’s current price.

NFLX has been the subject of several other reports. Stifel Nicolaus upped their price target on Netflix from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, October 12th. JPMorgan Chase & Co. restated an “overweight” rating and issued a $225.00 price target (up from $210.00) on shares of Netflix in a research note on Friday, October 13th. Vetr upgraded Netflix from a “hold” rating to a “buy” rating and set a $210.19 price target for the company in a research note on Thursday, October 19th. BidaskClub downgraded Netflix from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Finally, Loop Capital upped their price target on Netflix from $237.00 to $241.00 and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirty-five have issued a buy rating to the company. Netflix has a consensus rating of “Buy” and a consensus price target of $213.56.

Netflix (NASDAQ NFLX) opened at $220.46 on Friday. Netflix has a 52 week low of $137.03 and a 52 week high of $226.07. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $95,399.88, a P/E ratio of 222.69, a price-to-earnings-growth ratio of 3.59 and a beta of 1.34.

In related news, Director Richard N. Barton sold 700 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $197.38, for a total transaction of $138,166.00. Following the sale, the director now owns 7,362 shares in the company, valued at approximately $1,453,111.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Reed Hastings sold 83,335 shares of the stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $192.79, for a total value of $16,066,154.65. Following the sale, the chief executive officer now owns 83,335 shares in the company, valued at approximately $16,066,154.65. The disclosure for this sale can be found here. Insiders have sold a total of 341,551 shares of company stock worth $66,457,350 in the last 90 days. 4.90% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in NFLX. Balentine LLC increased its stake in Netflix by 1,020.4% in the third quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock worth $100,000 after purchasing an additional 500 shares during the period. Aviance Capital Management LLC purchased a new stake in Netflix in the second quarter worth $137,000. Steward Partners Investment Advisory LLC purchased a new stake in Netflix in the third quarter worth $171,000. Grove Bank & Trust increased its stake in Netflix by 249.6% in the third quarter. Grove Bank & Trust now owns 958 shares of the Internet television network’s stock worth $174,000 after purchasing an additional 684 shares during the period. Finally, Harfst & Associates Inc. increased its stake in Netflix by 36.8% in the second quarter. Harfst & Associates Inc. now owns 1,015 shares of the Internet television network’s stock worth $151,000 after purchasing an additional 273 shares during the period. Institutional investors own 83.27% of the company’s stock.

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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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