Today Wedbush Keeps a Sell Rating on Netflix (NASDAQ:NFLX) and a $88.0 Target Price

December 7, 2017 - By Darrin Black

 Today Wedbush Keeps a Sell Rating on Netflix (NASDAQ:NFLX) and a $88.0 Target Price

Investors sentiment decreased to 1.22 in 2017 Q2. Its down 0.11, from 1.33 in 2017Q1. It turned negative, as 64 investors sold Netflix, Inc. shares while 222 reduced holdings. 93 funds opened positions while 256 raised stakes. 344.96 million shares or 1.00% less from 348.44 million shares in 2017Q1 were reported.

Brown Advisory Incorporated holds 0% of its portfolio in Netflix, Inc. (NASDAQ:NFLX) for 5,072 shares. Profund Advsrs Ltd Liability Com reported 69,499 shares or 0.47% of all its holdings. Moreover, Panagora Asset Management has 0.02% invested in Netflix, Inc. (NASDAQ:NFLX). Moreover, Steadfast Cap Mgmt L P has 0.21% invested in Netflix, Inc. (NASDAQ:NFLX). Glynn Capital Mgmt Limited Liability Company has invested 4.56% in Netflix, Inc. (NASDAQ:NFLX). American Insurance Tx owns 0.22% invested in Netflix, Inc. (NASDAQ:NFLX) for 27,405 shares. Pax World Limited Liability Corporation holds 0.03% in Netflix, Inc. (NASDAQ:NFLX) or 3,401 shares. 1.68M are held by Viking Global Invsts Lp. Sii Wi holds 3,075 shares. Planning reported 0.05% in Netflix, Inc. (NASDAQ:NFLX). Ims has invested 0.71% in Netflix, Inc. (NASDAQ:NFLX). Baillie Gifford & reported 7.47 million shares. Institute For Wealth Mngmt reported 0.34% of its portfolio in Netflix, Inc. (NASDAQ:NFLX). Great Lakes Advsrs Limited Liability Co owns 30,218 shares. Tobam stated it has 145,614 shares or 0.81% of all its holdings.

Netflix (NASDAQ:NFLX) Rating Reaffirmed

Equities researchers at Wedbush now has a $88.0 target price on Netflix (NASDAQ:NFLX). Wedbush and their recent target price indicates a potential downside of -52.48 % from the company’s close price. The rating has been shown in a report on 6 October.

Investors sentiment decreased to 1.22 in 2017 Q2. Its down 0.11, from 1.33 in 2017Q1. It turned negative, as 64 investors sold Netflix, Inc. shares while 222 reduced holdings. 93 funds opened positions while 256 raised stakes. 344.96 million shares or 1.00% less from 348.44 million shares in 2017Q1 were reported.

Brown Advisory Incorporated holds 0% of its portfolio in Netflix, Inc. (NASDAQ:NFLX) for 5,072 shares. Profund Advsrs Ltd Liability Com reported 69,499 shares or 0.47% of all its holdings. Moreover, Panagora Asset Management has 0.02% invested in Netflix, Inc. (NASDAQ:NFLX). Moreover, Steadfast Cap Mgmt L P has 0.21% invested in Netflix, Inc. (NASDAQ:NFLX). Glynn Capital Mgmt Limited Liability Company has invested 4.56% in Netflix, Inc. (NASDAQ:NFLX). American Insurance Tx owns 0.22% invested in Netflix, Inc. (NASDAQ:NFLX) for 27,405 shares. Pax World Limited Liability Corporation holds 0.03% in Netflix, Inc. (NASDAQ:NFLX) or 3,401 shares. 1.68M are held by Viking Global Invsts Lp. Sii Wi holds 3,075 shares. Planning reported 0.05% in Netflix, Inc. (NASDAQ:NFLX). Ims has invested 0.71% in Netflix, Inc. (NASDAQ:NFLX). Baillie Gifford & reported 7.47 million shares. Institute For Wealth Mngmt reported 0.34% of its portfolio in Netflix, Inc. (NASDAQ:NFLX). Great Lakes Advsrs Limited Liability Co owns 30,218 shares. Tobam stated it has 145,614 shares or 0.81% of all its holdings.

Netflix, Inc. (NASDAQ:NFLX) Ratings Coverage

Among 54 analysts covering Netflix (NASDAQ:NFLX), 37 have Buy rating, 2 Sell and 15 Hold. Therefore 69% are positive. Netflix has $250 highest and $45.0 lowest target. $180.71’s average target is -2.42% below currents $185.2 stock price. Netflix had 202 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, July 1 by Canaccord Genuity. The stock has “Hold” rating by SunTrust on Tuesday, October 18. The firm earned “Buy” rating on Wednesday, August 9 by UBS. The stock of Netflix, Inc. (NASDAQ:NFLX) earned “Hold” rating by Jefferies on Friday, October 6. The firm has “Buy” rating given on Monday, August 10 by Topeka Capital Markets. As per Tuesday, October 18, the company rating was maintained by Axiom Capital. The rating was maintained by Pacific Crest on Tuesday, July 19 with “Overweight”. On Monday, August 10 the stock rating was maintained by Stifel Nicolaus with “Buy”. Canaccord Genuity maintained Netflix, Inc. (NASDAQ:NFLX) rating on Friday, July 14. Canaccord Genuity has “Buy” rating and $17500 target. The stock has “Buy” rating by Pivotal Research on Tuesday, October 18.

The stock decreased 0.05% or $0.1 during the last trading session, reaching $185.2. About 4.34M shares traded. Netflix, Inc. (NASDAQ:NFLX) has risen 75.34% since December 7, 2016 and is uptrending. It has outperformed by 58.64% the S&P500.

Analysts await Netflix, Inc. (NASDAQ:NFLX) to report earnings on January, 17. They expect $0.42 earnings per share, up 180.00 % or $0.27 from last year’s $0.15 per share. NFLX’s profit will be $181.75 million for 110.24 P/E if the $0.42 EPS becomes a reality. After $0.29 actual earnings per share reported by Netflix, Inc. for the previous quarter, Wall Street now forecasts 44.83 % EPS growth.

Netflix, Inc., an Internet television network, engages in the Internet delivery of television shows and movies on various Internet-connected screens. The company has market cap of $80.14 billion. It operates in three divisions: Domestic Streaming, International Streaming, and Domestic DVD. It has a 185.01 P/E ratio. The firm offers TV shows and movies, including original series, documentaries, and feature films.

More notable recent Netflix, Inc. (NASDAQ:NFLX) news were published by: Huffingtonpost.com which released: “How Netflix Uses Analytics to Thrive” on December 07, 2017, also Seekingalpha.com with their article: “Clash Of The Titans – Netflix Vs. Viacom” published on December 07, 2017, Fool.com published: “Is Netflix, Inc. a Buy?” on November 26, 2017. More interesting news about Netflix, Inc. (NASDAQ:NFLX) were released by: Streetinsider.com and their article: “Netflix, Inc. (NFLX): Google Search Trends Show Potential for Sub Upside …” published on December 06, 2017 as well as Usnews.com‘s news article titled: “Netflix Shrugs Off Net Neutrality Threat” with publication date: November 22, 2017.

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