Breaking: Netflix (NASDAQ:NFLX) “Sell” Rating Reaffirmed at Wedbush Today; The Price Objective is $88.0

December 7, 2017 - By Michael Collier

 Breaking: Netflix (NASDAQ:NFLX)

Investors sentiment decreased to 1.22 in Q2 2017. Its down 0.11, from 1.33 in 2017Q1. It worsened, 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.

53,000 are held by Bedrijfstakpensioenfonds Voor De Media Pno. Guggenheim Ltd Liability Corp owns 436,161 shares or 0.17% of their US portfolio. Kimelman & Baird Ltd Liability stated it has 3,375 shares or 0.08% of all its holdings. Private Cap Advsrs Inc has invested 0.18% in Netflix, Inc. (NASDAQ:NFLX). Sheets Smith Wealth Mgmt reported 3,066 shares or 0.12% of all its holdings. Aberdeen Asset Public Limited Uk has 117,463 shares for 0.06% of their portfolio. 208,535 were reported by Marsico Cap Mngmt Limited Company. Jasper Ridge Ptnrs L P owns 0.07% invested in Netflix, Inc. (NASDAQ:NFLX) for 8,549 shares. Kentucky-based Alphamark Limited Liability Company has invested 0% in Netflix, Inc. (NASDAQ:NFLX). Goldman Sachs Group holds 0.2% of its portfolio in Netflix, Inc. (NASDAQ:NFLX) for 5.05M shares. Engineers Gate Manager L P has invested 0.34% of its portfolio in Netflix, Inc. (NASDAQ:NFLX). New York-based Barrett Asset Mgmt Lc has invested 0% in Netflix, Inc. (NASDAQ:NFLX). Swiss National Bank holds 0.28% in Netflix, Inc. (NASDAQ:NFLX) or 1.57 million shares. Alliancebernstein Limited Partnership invested in 0.1% or 858,682 shares. Sunbelt Secs reported 0.87% stake.

Netflix (NASDAQ:NFLX) Rating Reaffirmed

Wedbush now has a $88.0 target price per share on the $80.14 billion market cap company or -52.48 % downside potential. In an analyst report revealed to investors on 6 October, Netflix (NASDAQ:NFLX) shares have had their “Sell” Rating kept by equity analysts at Wedbush.

Investors sentiment decreased to 1.22 in Q2 2017. Its down 0.11, from 1.33 in 2017Q1. It worsened, 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.

53,000 are held by Bedrijfstakpensioenfonds Voor De Media Pno. Guggenheim Ltd Liability Corp owns 436,161 shares or 0.17% of their US portfolio. Kimelman & Baird Ltd Liability stated it has 3,375 shares or 0.08% of all its holdings. Private Cap Advsrs Inc has invested 0.18% in Netflix, Inc. (NASDAQ:NFLX). Sheets Smith Wealth Mgmt reported 3,066 shares or 0.12% of all its holdings. Aberdeen Asset Public Limited Uk has 117,463 shares for 0.06% of their portfolio. 208,535 were reported by Marsico Cap Mngmt Limited Company. Jasper Ridge Ptnrs L P owns 0.07% invested in Netflix, Inc. (NASDAQ:NFLX) for 8,549 shares. Kentucky-based Alphamark Limited Liability Company has invested 0% in Netflix, Inc. (NASDAQ:NFLX). Goldman Sachs Group holds 0.2% of its portfolio in Netflix, Inc. (NASDAQ:NFLX) for 5.05M shares. Engineers Gate Manager L P has invested 0.34% of its portfolio in Netflix, Inc. (NASDAQ:NFLX). New York-based Barrett Asset Mgmt Lc has invested 0% in Netflix, Inc. (NASDAQ:NFLX). Swiss National Bank holds 0.28% in Netflix, Inc. (NASDAQ:NFLX) or 1.57 million shares. Alliancebernstein Limited Partnership invested in 0.1% or 858,682 shares. Sunbelt Secs reported 0.87% stake.

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 stock of Netflix, Inc. (NASDAQ:NFLX) earned “Buy” rating by Wunderlich on Friday, August 28. The stock of Netflix, Inc. (NASDAQ:NFLX) has “Underperform” rating given on Tuesday, July 19 by Wedbush. The stock of Netflix, Inc. (NASDAQ:NFLX) has “Outperform” rating given on Tuesday, July 19 by RBC Capital Markets. On Tuesday, September 5 the stock rating was maintained by Canaccord Genuity with “Buy”. The stock of Netflix, Inc. (NASDAQ:NFLX) has “Neutral” rating given on Friday, August 28 by BNP Paribas. The company was maintained on Sunday, September 17 by RBC Capital Markets. The firm has “Buy” rating by Pivotal Research given on Thursday, January 19. The firm earned “Mkt Perform” rating on Tuesday, October 18 by FBR Capital. The stock has “Buy” rating by RBC Capital Markets on Thursday, June 29. The firm earned “Buy” rating on Tuesday, July 18 by Cowen & Co.

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: Fool.com which released: “Will Netflix, Inc. Deliver One Last Season of “House of Cards”?” on November 27, 2017, also Usnews.com with their article: “Netflix Shrugs Off Net Neutrality Threat” published on November 22, 2017, Investorplace.com published: “Why Netflix, Inc. Stock Remains a Buy Despite Elevated Competitive Risks” on December 04, 2017. More interesting news about Netflix, Inc. (NASDAQ:NFLX) were released by: Fool.com and their article: “Is Netflix, Inc. a Buy?” published on November 26, 2017 as well as Huffingtonpost.com‘s news article titled: “How Netflix Uses Analytics to Thrive” with publication date: December 07, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.