Afternoon Movers: Netflix Inc., (NASDAQ:NFLX), Facebook Inc. (NASDAQ:FB), Sony Corp (ADR) (NYSE:SNE)

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Netflix Inc., (NASDAQ:NFLX) shares are down 4.5% to $356 after news earlier today that Amazon.com (AMZN) had signed a content deal with HBO, inlcuding some exclusives. At current price next support is at $350.24. Resistance is at $362.49.

Analysts have a consensus price target of $369.71 on Netflix Inc., (NASDAQ:NFLX) which indicates a 5.98% upside. The consensus rating of the stock is a HOLD with a score of 2.26. There are currently 23 Hold Ratings, 4 sell ratings and 15 Buy ratings on the stock.

The most recent analyst action consisted of Oppenheimer upgrading the stock from Market Perform to Outperform on April 7th, 2014.

Sony Corp (ADR) (NYSE:SNE) intends diversify its operations by moving into real estate in August, Nikkei reports. The company plans to build over 10 new businesses during the next three years, Nikkei added.
Sony’s stock is trading at $18.66 down .11%.

Facebook Inc. (NASDAQ:FB)  is expected to report first quarter earnings after the market close on Wednesday, April 23 with a conference call scheduled for 5:00 pm ET. Facebook is a social networking service with over 1B active users.  Analysts were mixed on Facebook’s acquisition of WhatsApp. Piper Jaffray said the acquisition was neutral at best and is “beyond the typical overpaying.” Facebook was downgraded at Argus due to possible risks in acquisition including a substantial write down should the texting platform not reach a billion users. Jeffries, on the other hand, said the acquisition could disrupt the global paid messaging industry.

Analysts have a consensus price target of $72.11 on Facebook Inc. (NASDAQ:FB) which indicates a 14% upside. The consensus rating of the stock is a BUY with a score of 2.84. There are currently 6 Hold Ratings and 32 Buy ratings on the stock.

The most recent analyst action consisted of Credit Suisse upgrading the stock to Outperform and boosting its price target from $65 to $87.

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