Netflix Inc. (NFLX) Raised to “Buy” at Vetr Inc.

Vetr upgraded shares of Netflix Inc. (NASDAQ:NFLX) from a hold rating to a buy rating in a research note published on Thursday morning. The brokerage currently has $124.54 target price on the Internet television network’s stock.

Several other research analysts also recently commented on NFLX. SunTrust Banks Inc. lowered their target price on Netflix from $110.00 to $100.00 and set a neutral rating for the company in a research note on Thursday, July 14th. Cantor Fitzgerald reissued a buy rating and set a $130.00 target price on shares of Netflix in a research note on Friday, July 15th. Moffett Nathanson reissued a neutral rating and set a $85.00 target price on shares of Netflix in a research note on Friday, July 15th. FBR & Co reissued a market perform rating and set a $90.00 target price (down previously from $104.00) on shares of Netflix in a research note on Sunday, July 17th. Finally, BTIG Research reissued a buy rating and set a $130.00 target price (down previously from $150.00) on shares of Netflix in a research note on Sunday, July 17th. Eight investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-eight have assigned a buy rating to the company. Netflix has a consensus rating of Hold and an average target price of $117.44.

Shares of Netflix (NASDAQ:NFLX) opened at 113.38 on Thursday. The company has a market cap of $48.66 billion, a price-to-earnings ratio of 306.43 and a beta of 1.81. Netflix has a one year low of $79.95 and a one year high of $133.27. The firm’s 50-day moving average is $112.92 and its 200-day moving average is $99.36.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, October 17th. The Internet television network reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.06. The firm earned $2.29 billion during the quarter, compared to the consensus estimate of $2.28 billion. Netflix had a return on equity of 6.31% and a net margin of 1.99%. The business’s quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.07 earnings per share. Analysts expect that Netflix will post $0.40 EPS for the current fiscal year.

In related news, CFO David B. Wells sold 500 shares of the business’s stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $122.83, for a total transaction of $61,415.00. Following the completion of the transaction, the chief financial officer now owns 500 shares in the company, valued at $61,415. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Reed Hastings sold 102,340 shares of the business’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $95.21, for a total transaction of $9,743,791.40. Following the transaction, the chief executive officer now owns 102,340 shares of the company’s stock, valued at approximately $9,743,791.40. The disclosure for this sale can be found here. Corporate insiders own 4.90% of the company’s stock.

Several institutional investors have recently modified their holdings of NFLX. British Columbia Investment Management Corp increased its stake in shares of Netflix by 3.8% in the second quarter. British Columbia Investment Management Corp now owns 258,439 shares of the Internet television network’s stock valued at $23,642,000 after buying an additional 9,425 shares during the period. Raymond James Trust N.A. increased its stake in shares of Netflix by 11.6% in the second quarter. Raymond James Trust N.A. now owns 2,375 shares of the Internet television network’s stock valued at $217,000 after buying an additional 246 shares during the period. Kistler Tiffany Companies LLC increased its stake in shares of Netflix by 6.0% in the second quarter. Kistler Tiffany Companies LLC now owns 1,704 shares of the Internet television network’s stock valued at $156,000 after buying an additional 96 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Netflix by 46.9% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 79,037 shares of the Internet television network’s stock valued at $8,111,000 after buying an additional 25,219 shares during the period. Finally, Thrax Management LLC acquired a new stake in shares of Netflix during the first quarter valued at $19,670,000. Hedge funds and other institutional investors own 77.56% of the company’s stock.

Netflix Company Profile

Netflix, Inc (Netflix) is a provider of Internet television network. The Company’s members can watch original series, documentaries and feature films in 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.

To view Vetr’s full report, visit Vetr’s official website.