Netflix (NASDAQ:NFLX) has been assigned a $93.00 target price by equities research analysts at Wedbush in a research report issued to clients and investors on Friday. The brokerage presently has a “sell” rating on the Internet television network’s stock. Wedbush’s target price points to a potential downside of 57.82% from the company’s current price.
A number of other research analysts have also weighed in on NFLX. B. Riley reaffirmed a “neutral” rating on shares of Netflix in a research note on Wednesday, November 1st. KeyCorp reaffirmed an “overweight” rating and issued a $270.00 price target (up previously from $230.00) on shares of Netflix in a research note on Friday. Loop Capital lifted their price target on shares of Netflix to $252.00 and gave the company a “buy” rating in a research note on Thursday. SunTrust Banks set a $175.00 price target on shares of Netflix and gave the company a “hold” rating in a research note on Monday, October 16th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $255.00 price target (up previously from $235.00) on shares of Netflix in a research note on Thursday. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirty-five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $213.56.
Shares of Netflix (NASDAQ NFLX) traded up $0.13 on Friday, reaching $220.46. 10,352,859 shares of the company’s stock were exchanged, compared to its average volume of 6,560,000. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.20 and a current ratio of 1.20. Netflix has a 1 year low of $137.03 and a 1 year high of $226.07. The company has a market capitalization of $95,460.00, a price-to-earnings ratio of 222.69, a P/E/G ratio of 3.59 and a beta of 1.34.
In other Netflix news, Director Richard N. Barton sold 350 shares of the company’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $185.71, for a total value of $64,998.50. Following the transaction, the director now directly owns 7,171 shares in the company, valued at $1,331,726.41. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jonathan Friedland sold 2,743 shares of the company’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $205.59, for a total transaction of $563,933.37. Following the completion of the transaction, the insider now owns 1,147 shares in the company, valued at $235,811.73. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 341,551 shares of company stock worth $66,457,350. 4.90% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in NFLX. Balentine LLC increased its holdings in shares of Netflix by 1,020.4% in the third quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock valued at $100,000 after purchasing an additional 500 shares during the last quarter. Aviance Capital Management LLC acquired a new position in shares of Netflix in the second quarter valued at $137,000. Harfst & Associates Inc. increased its holdings in shares of Netflix by 36.8% in the second quarter. Harfst & Associates Inc. now owns 1,015 shares of the Internet television network’s stock valued at $151,000 after purchasing an additional 273 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of Netflix in the third quarter valued at $171,000. Finally, Grove Bank & Trust increased its holdings in shares of Netflix by 249.6% in the third quarter. Grove Bank & Trust now owns 958 shares of the Internet television network’s stock valued at $174,000 after purchasing an additional 684 shares during the last quarter. Hedge funds and other institutional investors own 83.27% of the company’s stock.
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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.