Netflix (NFLX) is Downgraded by Robert W. Baird to Neutral according to the research report released to the investors. The Brokerage Firm has Lowered the Price Target of the company shares to $115 from a previous price target of $128 . Earlier the firm had a rating of Outperform on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-4-2016.
Netflix, Inc. is up 7.93% in the last 3-month period. Year-to-Date the stock performance stands at 134.38%.The company shares have rallied 134.13% from its 1 Year high price. On Dec 7, 2015, the shares registered one year high at $133.27 and the one year low was seen on Jan 12, 2015. The 50-Day Moving Average price is $120.41 and the 200 Day Moving Average price is recorded at $109.41.
Netflix, Inc. (NASDAQ:NFLX) has lost 2.51% during the past week and dropped 12.64% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 1.7%. Netflix, Inc. (NASDAQ:NFLX) has underperformed the index by 10.6% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Shares of Netflix, Inc. (NASDAQ:NFLX) ended Thursday session in red amid volatile trading. The shares closed down 2.33 points or 2% at $114.38 with 9,273,008 shares getting traded. Post opening the session at $116.21, the shares hit an intraday low of $114.28 and an intraday high of $117.46 and the price vacillated in this range throughout the day. The company has a market cap of $48,885 million and the number of outstanding shares have been calculated to be 427,388,290 shares. The 52-week high of Netflix, Inc. (NASDAQ:NFLX) is $133.27 and the 52-week low is $45.264285.
Currently the company Insiders own 6.18% of Netflix, Inc. shares according to the proxy statements. Institutional Investors own 80.56% of Netflix, Inc. shares. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Hastings Reed, director officer (CEO) of Netflix Inc, unloaded 86,037 shares at an average price of $117.69 on December 21, 2015. The total amount of the transaction was worth $10,125,695, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Netflix, Inc. is an Internet television network with more than 44 million members in over 40 countries. Its members can watch as much as they want, anytime, anywhere, on nearly any Internet-connected screen. Members can play, pause and resume watching, all without commercials or commitments. Additionally, in the United States (U.S.), its members can receive digital versatile discs (DVDs) delivered quickly to their homes. 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 solely of streaming content. The Domestic DVD segment derives revenues from monthly membership fees for services consisting solely of DVD-by-mail. The Company focuses grow its streaming subscription business domestically and internationally.