Netflix (NASDAQ:NFLX) : The most positive equity analysts on Netflix (NASDAQ:NFLX) expects the shares to touch $146, whereas, the least positive believes that the stock will trade at $45 in the short term. The company is covered by 26 Wall Street Brokerage Firms. The average price target for shares are $121.39 with an expected fluctuation of $24.78 from the mean.
Netflix, Inc. has lost 0.2% in the last five trading days and dropped 9.88% in the last 4 weeks. Netflix, Inc. has dropped 13.45% during the last 3-month period . Year-to-Date the stock performance stands at -20.02%. Also, Goldman Sachs maintains its view on Netflix (NASDAQ:NFLX) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Goldman Sachs lowers the price target from $130 per share to $120 per share on Netflix . The rating by the firm was issued on April 19, 2016.
Netflix (NASDAQ:NFLX) : 13 brokerage houses believe that Netflix (NASDAQ:NFLX) is a Strong Buy at current levels. 3 Analyst considers the fundamentals to be worthy of a Buy recommendation. 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Netflix (NASDAQ:NFLX). Zacks Investment Research suggests a Buy with a rank of 2. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 26 Wall Street Analysts endorse the stock as a Buy with a rating of 2.04.
Netflix (NASDAQ:NFLX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $90.91 and $89.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $91.72. The buying momentum continued till the end and the stock did not give up its gains. It closed at $91.48, notching a gain of 0.46% for the day. The total traded volume was 9,098,971 . The stock had closed at $91.06 on the previous day.
In an insider trading activity,The director officer (CEO) of Netflix Inc, Hastings Reed sold 113,708 shares at $95.04 on June 20, 2016. The Insider selling transaction had a total value worth of $10,806,808. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Netflix, Inc. is a provider of Internet television network. The Company has over 57 million streaming members in over 50 countries. Its members can watch more than two billion hours of television (TV) shows and movies per month, including original series, documentaries and feature films on Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content. The Domestic DVD segment derives revenues from monthly membership fees for services consisting of DVD-by-mail. Its members can play, pause and resume watching, all without commercials or commitments. Additionally, in the United States, its members can receive DVDs to their homes. The Company offers streaming service both domestically and internationally.