Netflix, Inc. (NASDAQ:NFLX) had its price target boosted by Jefferies Group from $105.00 to $120.00 in a research note released on Wednesday morning, MarketBeat.com reports. Jefferies Group currently has a hold rating on the Internet television network’s stock.

In related news, insider Jonathan Friedland sold 3,213 shares of the business’s stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $105.09, for a total value of $337,654.17. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Reed Hastings sold 89,607 shares of the business’s stock in a transaction dated Monday, November 23rd. The stock was sold at an average price of $124.63, for a total transaction of $11,167,720.41. The disclosure for this sale can be found here.

Several institutional investors recently modified their holdings of NFLX. Gerstein Fisher increased its position in shares of Netflix by 435.9% in the third quarter. Gerstein Fisher now owns 12,941 shares of the Internet television network’s stock worth $1,336,000 after buying an additional 10,526 shares during the period. J. W. Burns & Company increased its position in shares of Netflix by 7.2% in the fourth quarter. J. W. Burns & Company now owns 24,679 shares of the Internet television network’s stock worth $2,823,000 after buying an additional 1,661 shares during the period. Terra Nova Asset Management bought a new position in shares of Netflix during the third quarter worth $1,817,000. ING Groep increased its position in shares of Netflix by 1,702.8% in the third quarter. ING Groep now owns 139,826 shares of the Internet television network’s stock worth $14,435,000 after buying an additional 132,070 shares during the period. Finally, Contravisory Investment Management bought a new position in shares of Netflix during the fourth quarter worth $8,133,000.

Netflix (NASDAQ:NFLX) traded down 1.59% during mid-day trading on Wednesday, reaching $99.12. 20,305,926 shares of the company’s stock traded hands. Netflix has a 1-year low of $58.46 and a 1-year high of $133.27. The firm has a market cap of $42.39 billion and a PE ratio of 354.00. The firm has a 50 day moving average of $115.65 and a 200 day moving average of $111.03.

NFLX has been the topic of a number of other research reports. Bank of America reissued a buy rating and issued a $137.00 price objective on shares of Netflix in a research report on Thursday, December 10th. FBR & Co. reissued an outperform rating and issued a $140.00 price objective on shares of Netflix in a research report on Friday, November 20th. Vetr lowered shares of Netflix from a buy rating to a hold rating and set a $125.40 price objective on the stock. in a research report on Monday, November 23rd. Zacks Investment Research lowered shares of Netflix from a hold rating to a sell rating in a research report on Tuesday, December 15th. Finally, RBC Capital reissued an outperform rating and issued a $140.00 price objective on shares of Netflix in a research report on Friday, November 20th. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and an average target price of $123.62.

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.

12 Month Chart for NASDAQ:NFLX

Receive News & Ratings for Netflix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix Inc. and related companies with MarketBeat.com's FREE daily email newsletter.