Netflix, Inc. (NASDAQ:NFLX) has been assigned a $93.00 target price by Wedbush in a research report issued to clients and investors on Tuesday. The firm currently has a “sell” rating on the Internet television network’s stock. Wedbush’s price target points to a potential downside of 54.09% from the company’s previous close.

Several other research firms also recently issued reports on NFLX. BMO Capital Markets reissued a “market perform” rating and issued a $180.00 price target (up previously from $150.00) on shares of Netflix in a research note on Tuesday, July 18th. Needham & Company LLC reissued a “hold” rating on shares of Netflix in a research note on Tuesday, July 18th. Bank of America Corporation reissued a “buy” rating and issued a $199.00 price target (up previously from $184.00) on shares of Netflix in a research note on Tuesday, July 18th. Vetr raised Netflix from a “sell” rating to a “hold” rating and set a $165.09 price target on the stock in a research note on Wednesday, August 16th. Finally, Jefferies Group LLC set a $190.00 price target on Netflix and gave the company a “neutral” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating and thirty-two have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $195.32.

Netflix (NFLX) traded down 1.63% on Tuesday, reaching $199.37. The company had a trading volume of 5,848,946 shares. Netflix has a 12 month low of $98.38 and a 12 month high of $202.58. The stock has a market capitalization of $86.08 billion, a price-to-earnings ratio of 242.54 and a beta of 1.09. The firm has a 50 day moving average price of $183.35 and a 200-day moving average price of $165.87.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.97 billion. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The business’s quarterly revenue was up 30.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.12 EPS. Analysts forecast that Netflix will post $1.19 earnings per share for the current fiscal year.

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In other Netflix news, Director Richard N. Barton sold 2,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $165.72, for a total value of $331,440.00. Following the completion of the transaction, the director now directly owns 8,012 shares of the company’s stock, valued at approximately $1,327,748.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jonathan Friedland sold 2,496 shares of the firm’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $182.17, for a total transaction of $454,696.32. Following the completion of the transaction, the insider now directly owns 1,232 shares of the company’s stock, valued at $224,433.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 303,299 shares of company stock valued at $54,712,558. 4.90% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the business. Almanack Investment Partners LLC. bought a new position in Netflix in the 2nd quarter valued at $101,000. TD Capital Management LLC bought a new position in Netflix in the 2nd quarter valued at $105,000. Appropriate Balance Financial Services Inc. boosted its holdings in Netflix by 5.6% in the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 702 shares of the Internet television network’s stock valued at $4,701,000 after purchasing an additional 37 shares during the period. SRS Capital Advisors Inc. boosted its holdings in Netflix by 3,361.9% in the 1st quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock valued at $107,000 after purchasing an additional 706 shares during the period. Finally, Harfst & Associates Inc. bought a new position in Netflix in the 1st quarter valued at $109,000. 81.02% of the stock is owned by hedge funds and other institutional investors.

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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