Netflix, Inc. (NFLX) Downgraded by Vetr Inc.
Netflix, Inc. (NASDAQ:NFLX) was downgraded by stock analysts at Vetr from a “buy” rating to a “hold” rating in a report issued on Thursday. They currently have a $166.13 price objective on the Internet television network’s stock. Vetr‘s price objective points to a potential upside of 1.89% from the company’s current price.
A number of other research analysts have also recently commented on NFLX. Loop Capital reissued a “buy” rating and issued a $159.00 price target on shares of Netflix in a report on Saturday, January 28th. William Blair reissued an “outperform” rating on shares of Netflix in a report on Saturday, January 28th. MKM Partners reissued a “buy” rating and issued a $175.00 price target (up from $165.00) on shares of Netflix in a report on Tuesday, January 31st. Zacks Investment Research raised Netflix from a “hold” rating to a “buy” rating and set a $159.00 price target on the stock in a report on Tuesday, February 21st. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $175.00 price target on shares of Netflix in a report on Tuesday, February 28th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-six have assigned a buy rating to the company’s stock. Netflix has a consensus rating of “Buy” and a consensus price target of $147.14.
Netflix (NASDAQ:NFLX) traded up 3.36% on Thursday, hitting $163.05. 8,560,961 shares of the company traded hands. Netflix has a 1-year low of $84.50 and a 1-year high of $164.10. The firm’s 50 day moving average price is $152.10 and its 200 day moving average price is $138.11. The firm has a market capitalization of $70.27 billion, a PE ratio of 210.93 and a beta of 1.27. Netflix also saw unusually large options trading on Thursday. Traders bought 15,669 call options on the company. This is an increase of 258% compared to the typical daily volume of 4,374 call options.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, April 17th. The Internet television network reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.03. Netflix had a return on equity of 7.51% and a net margin of 2.11%. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same period in the previous year, the firm earned $0.06 EPS. The firm’s revenue was up 34.7% compared to the same quarter last year. Equities research analysts predict that Netflix will post $1.04 EPS for the current fiscal year.
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In other news, Director Richard N. Barton sold 1,000 shares of the business’s stock in a transaction dated Tuesday, April 18th. The stock was sold at an average price of $147.39, for a total value of $147,390.00. Following the completion of the sale, the director now directly owns 8,012 shares of the company’s stock, valued at approximately $1,180,888.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Reed Hastings sold 101,815 shares of the business’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $157.13, for a total value of $15,998,190.95. Following the completion of the sale, the chief executive officer now directly owns 101,815 shares of the company’s stock, valued at $15,998,190.95. The disclosure for this sale can be found here. Insiders sold a total of 385,587 shares of company stock valued at $57,493,358 over the last three months. Company insiders own 4.90% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Terra Nova Asset Management bought a new stake in Netflix during the third quarter valued at approximately $1,817,000. ING Groep increased its stake in Netflix by 1,702.8% in the third quarter. ING Groep now owns 139,826 shares of the Internet television network’s stock valued at $14,435,000 after buying an additional 132,070 shares in the last quarter. Gerstein Fisher increased its stake in Netflix by 435.9% in the third quarter. Gerstein Fisher now owns 12,941 shares of the Internet television network’s stock valued at $1,336,000 after buying an additional 10,526 shares in the last quarter. Janus Capital Management increased its stake in Netflix by 91.1% in the third quarter. Janus Capital Management now owns 1,087,920 shares of the Internet television network’s stock valued at $112,339,000 after buying an additional 518,736 shares in the last quarter. Finally, J. W. Burns & Company increased its stake in Netflix by 7.2% in the fourth quarter. J. W. Burns & Company now owns 24,679 shares of the Internet television network’s stock valued at $2,823,000 after buying an additional 1,661 shares in the last quarter. 80.42% of the stock is owned by hedge funds and other institutional investors.
Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.
To view Vetr’s full report, visit Vetr’s official website.
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