Pacific Crest reiterated their overweight rating on shares of Netflix, Inc. (NASDAQ:NFLX) in a report released on Friday, Market Beat.com reports. The firm currently has a $140.00 price target on the Internet television network’s stock.

Other research analysts have also issued reports about the stock. SunTrust reiterated a hold rating on shares of Netflix in a research note on Saturday, January 16th. BMO Capital Markets reiterated a market perform rating and set a $115.00 price target on shares of Netflix in a research note on Wednesday, January 20th. Drexel Hamilton reiterated a buy rating on shares of Netflix in a research note on Wednesday, January 20th. Needham & Company LLC reiterated a buy rating and set a $125.00 price target on shares of Netflix in a research note on Wednesday, January 20th. Finally, Nomura set a $125.00 price target on shares of Netflix and gave the stock a buy rating in a research note on Thursday, January 7th. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $123.62.

In other Netflix news, Director Richard N. Barton sold 2,800 shares of Netflix stock in a transaction on Thursday, January 7th. The shares were sold at an average price of $110.75, for a total transaction of $310,100.00. Following the sale, the director now owns 14,862 shares in the company, valued at $1,645,966.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Reed Hastings sold 86,933 shares of Netflix stock in a transaction on Tuesday, January 19th. The stock was sold at an average price of $107.31, for a total transaction of $9,328,780.23. The disclosure for this sale can be found here.

Other large investors have bought and sold shares of the company. Winslow Evans & Crocker Inc. increased its stake in Netflix by 4.5% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 2,332 shares of the Internet television network’s stock worth $267,000 after buying an additional 100 shares in the last quarter. GW & Wade increased its stake in Netflix by 7.7% in the fourth quarter. GW & Wade now owns 2,394 shares of the Internet television network’s stock worth $274,000 after buying an additional 171 shares in the last quarter. Wunderlich Securities acquired a new stake in Netflix during the fourth quarter worth $285,000. Benjamin F. Edwards & Company increased its stake in Netflix by 10.0% in the fourth quarter. Benjamin F. Edwards & Company now owns 2,829 shares of the Internet television network’s stock worth $324,000 after buying an additional 257 shares in the last quarter. Finally, Private Trust Company increased its stake in Netflix by 5.4% in the fourth quarter. Private Trust Company now owns 2,876 shares of the Internet television network’s stock worth $328,000 after buying an additional 147 shares in the last quarter.

Netflix (NASDAQ:NFLX) traded down 6.83% during mid-day trading on Friday, reaching $91.15. 25,556,187 shares of the company’s stock were exchanged. The stock has a market capitalization of $38.98 billion and a PE ratio of 325.54. The firm’s 50-day moving average is $112.77 and its 200 day moving average is $111.16. Netflix has a 1-year low of $58.46 and a 1-year high of $133.27.

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 (NASDAQ:NFLX) 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.

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