Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “sell” rating restated by research analysts at Wedbush in a report released on Wednesday.

Several other equities analysts have also recently commented on NFLX. Cowen and Company increased their price target on shares of Netflix from $165.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 11th. FBR & Co reaffirmed a “hold” rating and set a $144.00 price target on shares of Netflix in a research report on Tuesday, April 11th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $160.00 price target (up previously from $148.64) on shares of Netflix in a research report on Thursday, April 13th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $170.00 price target on shares of Netflix in a research report on Friday, April 14th. Finally, Vetr raised shares of Netflix from a “sell” rating to a “hold” rating and set a $138.98 price target on the stock in a research report on Monday, April 17th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $174.74.

Netflix (NFLX) traded down 2.1892% on Wednesday, reaching $174.4554. The company had a trading volume of 6,707,917 shares. Netflix has a 52-week low of $92.95 and a 52-week high of $191.50. The stock’s 50-day moving average price is $165.67 and its 200 day moving average price is $152.34. The firm has a market capitalization of $75.32 billion, a price-to-earnings ratio of 212.2328 and a beta of 1.02.

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

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In related news, Director Richard N. Barton sold 2,000 shares of Netflix stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $154.31, for a total value of $308,620.00. Following the transaction, the director now owns 8,012 shares in the company, valued at approximately $1,236,331.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Reed Hastings sold 115,577 shares of Netflix stock in a transaction 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 completion of the transaction, the chief executive officer now owns 115,577 shares in the company, valued at approximately $17,640,517.51. The disclosure for this sale can be found here. Insiders sold a total of 388,801 shares of company stock worth $64,673,171 in the last quarter. Insiders own 4.90% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. boosted its stake in Netflix by 0.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,134 shares of the Internet television network’s stock valued at $168,000 after buying an additional 9 shares during the period. Guardian Life Insurance Co. of America boosted its stake in Netflix by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock valued at $245,000 after buying an additional 11 shares during the period. M Holdings Securities Inc. boosted its stake in Netflix by 0.5% in the first quarter. M Holdings Securities Inc. now owns 2,467 shares of the Internet television network’s stock valued at $365,000 after buying an additional 12 shares during the period. Heritage Investors Management Corp boosted its stake in Netflix by 0.6% in the second quarter. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network’s stock valued at $298,000 after buying an additional 12 shares during the period. Finally, Northwest Wealth Management LLC boosted its stake in Netflix by 0.8% in the second quarter. Northwest Wealth Management LLC now owns 1,890 shares of the Internet television network’s stock valued at $282,000 after buying an additional 15 shares during the period. Institutional investors own 82.78% 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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