Netflix Gets a Hold Rating from Jefferies

By Carrie Williams

In a report released yesterday, John Janedis from Jefferies reiterated a Hold rating on Netflix (NASDAQ: NFLX), with a price target of $312. The company’s shares closed yesterday at $307.78, close to its 52-week high of $333.98.

According to TipRanks.com, Janedis is a 5-star analyst with an average return of 11.1% and a 65.9% success rate. Janedis covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Live Nation Entertainment, and MSG Networks Inc.

Currently, the analyst consensus on Netflix is Moderate Buy and the average price target is $319.81, representing a 3.9% upside.

In a report issued on April 2, Robert W. Baird also reiterated a Hold rating on the stock with a $280 price target.

The company has a one-year high of $333.98 and a one-year low of $138.66. Currently, Netflix has an average volume of 11.88M.

Based on the recent corporate insider activity of 95 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2018, Jay Hoag, a Director at NFLX sold 9,107 shares for a total of $2,433,117.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.