Key Equity Analysts at Wedbush Reiterate their ‘Sell’ rating for Netflix (NASDAQ:NFLX) Shares Today. Their Price Target is $88.0

December 7, 2017 - By Louis Casey

 Key Equity Analysts at Wedbush Reiterate their ‘Sell’ rating for Netflix (NASDAQ:NFLX) Shares Today. Their Price Target is $88.0

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

Williams Jones And Associate Limited Liability Corporation has 1,782 shares. Eqis invested 0.3% in Netflix, Inc. (NASDAQ:NFLX). Alphamark Ltd Liability Corp holds 30 shares. Amer has 19 shares. 2,358 are owned by Cim Invest Mangement. Nationwide Fund Advsrs invested in 0.18% or 292,358 shares. Cambridge Investment Advsr holds 0.1% or 44,298 shares. Moreover, Horseman Cap Management Limited has 0.25% invested in Netflix, Inc. (NASDAQ:NFLX) for 6,000 shares. 40,258 were accumulated by Macquarie Gru Ltd. Carroll Financial Associate Incorporated holds 350 shares or 0.01% of its portfolio. Nicholas Inv Ptnrs Lp stated it has 27,523 shares or 0.29% of all its holdings. Massachusetts Ma stated it has 2.49 million shares. Forte Capital Ltd Adv invested 0.11% of its portfolio in Netflix, Inc. (NASDAQ:NFLX). Everence Management Inc holds 0.31% or 8,437 shares. Hbk Invs Lp has invested 0.38% of its portfolio in Netflix, Inc. (NASDAQ:NFLX).

Netflix (NASDAQ:NFLX) Rating Reaffirmed

In a report issued on Friday morning, The Sell rating of Netflix (NASDAQ:NFLX) shares was restate by Wedbush, who now has a $88.0 target price on the stock. Wedbush’s target price gives a possible downside of -52.48 % from the stock close price of the company.

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

Williams Jones And Associate Limited Liability Corporation has 1,782 shares. Eqis invested 0.3% in Netflix, Inc. (NASDAQ:NFLX). Alphamark Ltd Liability Corp holds 30 shares. Amer has 19 shares. 2,358 are owned by Cim Invest Mangement. Nationwide Fund Advsrs invested in 0.18% or 292,358 shares. Cambridge Investment Advsr holds 0.1% or 44,298 shares. Moreover, Horseman Cap Management Limited has 0.25% invested in Netflix, Inc. (NASDAQ:NFLX) for 6,000 shares. 40,258 were accumulated by Macquarie Gru Ltd. Carroll Financial Associate Incorporated holds 350 shares or 0.01% of its portfolio. Nicholas Inv Ptnrs Lp stated it has 27,523 shares or 0.29% of all its holdings. Massachusetts Ma stated it has 2.49 million shares. Forte Capital Ltd Adv invested 0.11% of its portfolio in Netflix, Inc. (NASDAQ:NFLX). Everence Management Inc holds 0.31% or 8,437 shares. Hbk Invs Lp has invested 0.38% of its portfolio in Netflix, Inc. (NASDAQ:NFLX).

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 has “Buy” rating given on Tuesday, July 19 by Goldman Sachs. The rating was maintained by Nomura on Tuesday, April 19 with “Buy”. The firm has “Neutral” rating given on Tuesday, July 19 by Macquarie Research. The rating was maintained by Guggenheim with “Buy” on Tuesday, June 20. On Tuesday, July 19 the stock rating was maintained by Cowen & Co with “Outperform”. FBR Capital maintained Netflix, Inc. (NASDAQ:NFLX) on Thursday, January 19 with “Mkt Perform” rating. The stock of Netflix, Inc. (NASDAQ:NFLX) earned “Buy” rating by Canaccord Genuity on Monday, October 9. Credit Suisse maintained Netflix, Inc. (NASDAQ:NFLX) on Tuesday, July 19 with “Neutral” rating. Canaccord Genuity maintained the stock with “Buy” rating in Friday, July 14 report. The rating was maintained by Mizuho on Tuesday, April 19 with “Neutral”.

The stock decreased 0.05% or $0.1 during the last trading session, reaching $185.2. About 4.34 million 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, Fool.com published: “Is Netflix, Inc. a Buy?” on November 26, 2017. More interesting news about Netflix, Inc. (NASDAQ:NFLX) were released by: Seekingalpha.com and their article: “Clash Of The Titans – Netflix Vs. Viacom” published on December 07, 2017 as well as Streetinsider.com‘s news article titled: “Netflix, Inc. (NFLX): Google Search Trends Show Potential for Sub Upside …” with publication date: December 06, 2017.

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