Wedbush Analysts Give Netflix (NFLX) a $110.00 Price Target

Lloyd Doyle
April 16, 2018

Following the transaction, the director now owns 35,994 shares of the company's stock, valued at approximately $7,954,314.06. The stock increased 0.78% or $2.4 during the last trading session, reaching $311.65. 11,983,946 shares of the company's stock were exchanged, compared to its average volume of 10,754,785. Navellier & Associates Inc increased its stake in shares of Netflix by 8.4% in the fourth quarter. The stock outperformed the S&P500 by 97.18%. The institutional investor held 59,279 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $1.03M, down from 110,207 at the end of the previous reported quarter. Therefore 61% are positive. The company rating was maintained by Loop Capital on Thursday, October 26.

Netflix, Inc. registered $155.38 million net activity with 0 insider purchases and 34 selling transactions since October 11, 2017. Shares for $562,716 were sold by KILGORE LESLIE J. 75,271 shs were sold by HASTINGS REED, worth $23.86M on Tuesday, March 20. Insiders sold a total of 445,545 shares of company stock valued at $120,523,106 in the last ninety days. 63,378 shares were sold by HYMAN DAVID A, worth $12.61 million.

In other Netflix news, insider Jonathan Friedland sold 972 shares of Netflix stock in a transaction that occurred on Tuesday, January 16th. (NASDAQ:NFLX) for 44 shares. (NASDAQ:NFLX) for 100 shs.

Netflix (NASDAQ:NFLX)'s stock had its "hold" rating reaffirmed by research analysts at BMO Capital Markets in a research note issued on Monday. Netflix had 49 analyst reports since October 16, 2017 according to SRatingsIntel. On Tuesday, January 23 the firm earned "Hold" rating by Jefferies. On Thursday, January 11 the stock of Netflix, Inc. Stifel Nicolaus maintained General Electric Company (NYSE:GE) on Thursday, February 15 with "Hold" rating. On Friday, March 9 Bernstein maintained the shares of NFLX in report with "Buy" rating. Zacks Investment Research upgraded Netflix from a hold rating to a buy rating and set a $213.00 target price on the stock in a research note on Tuesday, December 19th. On Tuesday, January 23 the rating was maintained by Piper Jaffray with "Buy". (NASDAQ:NFLX) on Tuesday, July 18 with "Sell" rating. The stock now has a consensus rating of Buy and a consensus target price of $267.34.


During 2017 Q4 the big money sentiment increased to 1.31. It's up 0.04, from 1.14 in 2017Q3. Finally, Evercore ISI upgraded shares of Netflix from a "sell" rating to a "hold" rating and increased their price objective for the company from $101.00 to $111.00 in a research note on Tuesday, December 6th. 281 grew holdings while 107 funds bought holdings. Funds hold 344.43 million shares thus 3.28% less from 2017Q3's 356.10 million shares. Massachusetts Fincl Services Ma owns 2.51M shares. Assetmark reported 14,395 shares or 0.03% of all its holdings. Wolverine Asset Mgmt Ltd Liability owns 1,464 shs for 0% of their capital. Korea invested in 0.33% or 374,183 shs. Thompson Siegel And Walmsley Limited Liability invested in 50 shs. Moreover, Menta Lc has 0.11% invested in Netflix, Inc. (NASDAQ:NFLX). First Allied Advisory Svcs owns 23,974 shs for 0.18% of their capital. Creative Planning, a Kansas-based fund reported 90,488 shares. Credit Agricole S A stated it has 250 shares. Mckinley Carter Wealth Incorporated holds 3,000 shares or 0.2% of its portfolio. 54,190 are owned by Mutual Of America Capital Mgmt Ltd Liability. 3,388 are held by Girard Limited.

"Netflix continues to capitalize on this lead by reinvesting in content, marketing, and the user experience, which is growing subscribers and making it more of a magnet for talent, further extending the company's lead", Kraft said. Clark Cap Mgmt Group owns 3,045 shares. During the same period in the previous year, the firm earned $0.15 EPS. analysts expect that Netflix will post 2.73 EPS for the current year. About shares traded. WhereverTV Broadcasting Corporation (OTCMKTS:TVTV) has 0.00% since April 16, 2017 and is. NFLX's profit would be $273.39M giving it 123.67 P/E if the $0.63 EPS is correct.

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