Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “neutral” rating restated by analysts at Hanson in a report issued on Wednesday. They presently have a $140.00 price objective on the Internet television network’s stock. Hanson’s price objective indicates a potential downside of 24.60% from the stock’s current price.

A number of other research firms have also recently weighed in on NFLX. MKM Partners upped their target price on shares of Netflix from $195.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. BTIG Research upped their target price on shares of Netflix from $170.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, July 26th. Vetr raised shares of Netflix from a “strong sell” rating to a “sell” rating and set a $177.49 target price on the stock in a research note on Tuesday. Moffett Nathanson reissued a “neutral” rating on shares of Netflix in a research note on Tuesday, July 18th. Finally, Zacks Investment Research cut shares of Netflix from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $178.10.

Shares of Netflix (NFLX) traded down 0.68% during trading on Wednesday, reaching $184.41. 2,714,295 shares of the company’s stock were exchanged. The company has a market capitalization of $79.62 billion, a PE ratio of 224.34 and a beta of 1.05. The company has a 50 day moving average price of $175.28 and a 200-day moving average price of $160.06. Netflix has a 52-week low of $93.26 and a 52-week high of $191.50.

Netflix (NASDAQ:NFLX) last posted its earnings results 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 net margin of 3.55% and a return on equity of 12.82%. The business’s revenue was up 32.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.09 EPS. On average, equities analysts forecast that Netflix will post $1.17 earnings per share for the current year.

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In other Netflix news, CEO Reed Hastings sold 109,214 shares of the firm’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $188.61, for a total value of $20,598,852.54. Following the transaction, the chief executive officer now directly owns 109,214 shares of the company’s stock, valued at approximately $20,598,852.54. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard N. Barton sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $154.31, for a total transaction of $308,620.00. Following the completion of the transaction, the director now directly owns 8,012 shares in the company, valued at $1,236,331.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 235,858 shares of company stock worth $41,949,573. Insiders own 4.90% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. UBS Asset Management Americas Inc. boosted its stake in shares of Netflix by 12.0% in the 1st quarter. UBS Asset Management Americas Inc. now owns 1,056,540 shares of the Internet television network’s stock valued at $156,167,000 after purchasing an additional 112,890 shares in the last quarter. Pax World Management LLC boosted its stake in shares of Netflix by 10.7% in the 1st quarter. Pax World Management LLC now owns 3,101 shares of the Internet television network’s stock valued at $458,000 after purchasing an additional 300 shares in the last quarter. Engineers Gate Manager LP boosted its stake in shares of Netflix by 47.0% in the 1st quarter. Engineers Gate Manager LP now owns 26,267 shares of the Internet television network’s stock valued at $3,883,000 after purchasing an additional 8,399 shares in the last quarter. Fortaleza Asset Management Inc. acquired a new stake in shares of Netflix in the 1st quarter valued at approximately $487,000. Finally, Commerce Bank boosted its stake in shares of Netflix by 19.6% in the 1st quarter. Commerce Bank now owns 7,739 shares of the Internet television network’s stock valued at $1,144,000 after purchasing an additional 1,270 shares in the last quarter. 81.03% of the stock is currently owned by hedge funds and other institutional investors.

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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