Rosenblatt Securities restated their buy rating on shares of Netflix, Inc. (NASDAQ:NFLX) in a research note issued to investors on Wednesday morning, Analyst Ratings Network.com reports.

In related news, insider Jonathan Friedland sold 3,213 shares of Netflix stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $105.09, for a total transaction of $337,654.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Reed Hastings sold 89,607 shares of Netflix stock in a transaction dated Monday, November 23rd. The stock was sold at an average price of $124.63, for a total value of $11,167,720.41. The disclosure for this sale can be found here.

A number of hedge funds recently bought and sold shares of NFLX. GW & Wade boosted 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 valued at approximately $285,000. Benjamin F. Edwards & Company boosted 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 valued at $324,000 after buying an additional 257 shares during the period. Private Trust Company boosted 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 valued at $328,000 after buying an additional 147 shares during the period. Finally, Vicus Capital boosted its stake in Netflix by 44.3% in the fourth quarter. Vicus Capital now owns 3,186 shares of the Internet television network’s stock valued at $364,000 after buying an additional 978 shares during the period.

Netflix (NASDAQ:NFLX) traded down 1.59% during midday trading on Wednesday, hitting $99.12. 20,280,082 shares of the stock traded hands. Netflix has a 52-week low of $58.46 and a 52-week high of $133.27. The firm has a market cap of $42.39 billion and a PE ratio of 354.00. The stock has a 50-day moving average of $115.65 and a 200 day moving average of $111.03.

Several other equities analysts have also weighed in on the stock. Sanford C. Bernstein reaffirmed a sell rating and set a $62.00 target price on shares of Netflix in a report on Wednesday, January 20th. Drexel Hamilton reaffirmed a buy rating on shares of Netflix in a report on Wednesday, January 20th. Barclays reaffirmed a hold rating and set a $115.00 target price on shares of Netflix in a report on Thursday. Credit Suisse reissued a hold rating on shares of Netflix in a report on Thursday. Finally, Nomura reissued a buy rating and issued a $130.00 price target (up previously from $125.00) on shares of Netflix in a report on Thursday. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. Netflix presently has a consensus 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

Frustrated with your broker? Are you tired of paying high fees? Do you feel like you are getting ripped off by your stock broker? It's time for a change. Find out which brokerage is best for your personal trading style at the InvestorPlace Broker Center. Compare brokers at a glance in the InvestorPlace Broker Center (Click Here).

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.