Wedbush set a $93.00 price objective on Netflix (NASDAQ:NFLX) in a research report released on Friday morning. The brokerage currently has a sell rating on the Internet television network’s stock.

A number of other equities research analysts have also recently commented on the stock. KeyCorp reiterated an overweight rating and issued a $270.00 target price (up from $230.00) on shares of Netflix in a research report on Friday. Loop Capital increased their target price on shares of Netflix to $252.00 and gave the company a buy rating in a research report on Thursday. Buckingham Research reiterated a buy rating and issued a $251.00 target price (up from $235.00) on shares of Netflix in a research report on Thursday. Morgan Stanley reiterated an overweight rating and issued a $255.00 target price (up from $235.00) on shares of Netflix in a research report on Thursday. Finally, Vetr upgraded shares of Netflix from a hold rating to a buy rating and set a $230.38 target price for the company in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirty-five have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $213.56.

Shares of Netflix (NFLX) traded up $0.13 during midday trading on Friday, hitting $220.46. 10,257,129 shares of the stock were exchanged, compared to its average volume of 6,560,000. The firm has a market capitalization of $95,460.00, a PE ratio of 222.69, a price-to-earnings-growth ratio of 3.59 and a beta of 1.34. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20. Netflix has a 1-year low of $137.03 and a 1-year high of $226.07.

In other Netflix news, CEO Reed Hastings sold 91,861 shares of Netflix stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $189.03, for a total transaction of $17,364,484.83. Following the completion of the sale, the chief executive officer now directly owns 91,861 shares in the company, valued at $17,364,484.83. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ann Mather sold 3,885 shares of Netflix stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $200.00, for a total transaction of $777,000.00. Following the sale, the director now owns 1,015 shares of the company’s stock, valued at $203,000. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 341,551 shares of company stock valued at $66,457,350. Company insiders own 4.90% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. TRUE Private Wealth Advisors boosted its stake in shares of Netflix by 240.9% in the fourth quarter. TRUE Private Wealth Advisors now owns 4,980 shares of the Internet television network’s stock valued at $955,000 after purchasing an additional 3,519 shares during the period. Personal Capital Advisors Corp boosted its stake in shares of Netflix by 5.4% in the fourth quarter. Personal Capital Advisors Corp now owns 160,512 shares of the Internet television network’s stock valued at $30,812,000 after purchasing an additional 8,245 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Netflix by 806.5% in the fourth quarter. State of Alaska Department of Revenue now owns 44,960 shares of the Internet television network’s stock valued at $8,629,000 after purchasing an additional 40,000 shares during the period. Syntal Capital Partners LLC boosted its stake in shares of Netflix by 81.5% in the fourth quarter. Syntal Capital Partners LLC now owns 8,127 shares of the Internet television network’s stock valued at $1,560,000 after purchasing an additional 3,649 shares during the period. Finally, Oakbrook Investments LLC purchased a new position in shares of Netflix in the fourth quarter valued at approximately $840,000. 83.27% of the stock is owned by institutional investors and hedge funds.

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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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