Netflix (NASDAQ:NFLX) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a report released on Saturday.

Other equities research analysts have also issued research reports about the stock. Vetr upgraded shares of Netflix from a “sell” rating to a “hold” rating and set a $165.09 target price on the stock in a report on Wednesday, August 16th. B. Riley restated a “neutral” rating on shares of Netflix in a report on Wednesday, November 1st. Bank of America upped their target price on shares of Netflix from $225.00 to $199.00 and gave the stock a “buy” rating in a report on Friday. Rosenblatt Securities restated a “buy” rating and issued a $200.00 target price on shares of Netflix in a report on Wednesday, August 16th. Finally, Wedbush restated a “hold” rating and issued a $190.00 target price (up previously from $180.00) on shares of Netflix in a report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company’s stock. Netflix currently has an average rating of “Buy” and a consensus target price of $207.30.

Netflix (NASDAQ NFLX) traded down $0.76 during mid-day trading on Friday, hitting $186.82. 6,215,663 shares of the stock were exchanged, compared to its average volume of 5,118,642. The company has a market cap of $81,171.70, a PE ratio of 189.48, a PEG ratio of 5.57 and a beta of 1.34. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.47. Netflix has a one year low of $116.75 and a one year high of $204.38.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ 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 return on equity of 14.56% and a net margin of 4.04%. Netflix’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same period last year, the company earned $0.12 EPS. research analysts forecast that Netflix will post 1.26 EPS for the current year.

In other news, Director Ann Mather sold 3,885 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $200.00, for a total transaction of $777,000.00. Following the completion of the sale, the director now owns 1,015 shares in the company, valued at approximately $203,000. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel David A. Hyman sold 63,378 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $198.90, for a total transaction of $12,605,884.20. Following the sale, the general counsel now owns 43,071 shares of the company’s stock, valued at approximately $8,566,821.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 325,935 shares of company stock valued at $62,898,922. 4.90% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of NFLX. State of Alaska Department of Revenue bought a new position in Netflix in the 2nd quarter worth approximately $155,000. NGAM Advisors L.P. bought a new position in Netflix in the 2nd quarter worth approximately $1,864,000. Harbour Capital Advisors LLC boosted its holdings in Netflix by 14,840.7% in the 2nd quarter. Harbour Capital Advisors LLC now owns 20,917 shares of the Internet television network’s stock worth $140,000 after buying an additional 20,777 shares during the period. Nwam LLC bought a new position in Netflix in the 2nd quarter worth approximately $292,000. Finally, Bessemer Group Inc. boosted its holdings in Netflix by 119.6% in the 2nd quarter. Bessemer Group Inc. now owns 4,987 shares of the Internet television network’s stock worth $745,000 after buying an additional 2,716 shares during the period. Institutional investors own 83.47% 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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