Netflix, Inc. (NFLX) Upgraded to “Hold” by Vetr Inc.
Netflix, Inc. (NASDAQ:NFLX) was upgraded by Vetr from a “sell” rating to a “hold” rating in a note issued to investors on Monday, May 15th. The brokerage currently has a $158.60 price target on the Internet television network’s stock. Vetr‘s price objective points to a potential downside of 2.36% from the stock’s current price.
Several other brokerages have also recently commented on NFLX. Goldman Sachs Group Inc reiterated a “buy” rating and issued a $170.00 price target on shares of Netflix in a research report on Tuesday, May 2nd. Robert W. Baird reiterated a “neutral” rating and issued a $138.00 price target on shares of Netflix in a research report on Monday, April 3rd. BMO Capital Markets reiterated a “hold” rating and issued a $150.00 price target on shares of Netflix in a research report on Monday, April 17th. Canaccord Genuity boosted their price target on shares of Netflix from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, April 18th. Finally, Stifel Nicolaus boosted their price target on shares of Netflix from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, April 18th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-six have assigned a buy rating to the company’s stock. Netflix currently has a consensus rating of “Buy” and an average price target of $147.14.
Shares of Netflix (NASDAQ:NFLX) traded down 0.38% during midday trading on Monday, reaching $162.43. 4,834,291 shares of the company were exchanged. Netflix has a 52-week low of $84.50 and a 52-week high of $164.10. The firm’s 50 day moving average is $152.64 and its 200-day moving average is $138.38. The company has a market capitalization of $70.01 billion, a PE ratio of 210.13 and a beta of 1.27. Netflix also was the recipient of unusually large options trading activity on Thursday. Stock investors bought 15,669 call options on the stock. This represents an increase of 258% compared to the average volume of 4,374 call options.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, April 17th. The Internet television network reported $0.40 EPS for the quarter, topping the consensus estimate of $0.37 by $0.03. Netflix had a net margin of 2.11% and a return on equity of 7.51%. The firm 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 business earned $0.06 earnings per share. Netflix’s revenue for the quarter was up 34.7% compared to the same quarter last year. On average, equities analysts forecast that Netflix will post $1.04 earnings per share for the current fiscal year.
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In other news, insider Neil D. Hunt sold 10,000 shares of the stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $142.84, for a total transaction of $1,428,400.00. Following the sale, the insider now owns 467,548 shares in the company, valued at $66,784,556.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard N. Barton sold 2,000 shares of the stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $141.73, for a total value of $283,460.00. Following the sale, the director now owns 8,012 shares in the company, valued at approximately $1,135,540.76. The disclosure for this sale can be found here. Insiders have sold 386,665 shares of company stock worth $57,667,994 in the last 90 days. Company insiders own 4.90% of the company’s stock.
Several hedge funds have recently made changes to their positions in NFLX. Cornerstone Wealth Management LLC acquired a new stake in shares of Netflix during the third quarter valued at approximately $269,000. Wellington Shields Capital Management LLC boosted its stake in shares of Netflix by 148.5% in the third quarter. Wellington Shields Capital Management LLC now owns 8,450 shares of the Internet television network’s stock valued at $833,000 after buying an additional 5,050 shares during the last quarter. Northeast Investment Management boosted its stake in shares of Netflix by 5.9% in the third quarter. Northeast Investment Management now owns 3,380 shares of the Internet television network’s stock valued at $333,000 after buying an additional 187 shares during the last quarter. Hellman Jordan Management Co. Inc. MA acquired a new stake in shares of Netflix during the third quarter valued at approximately $437,000. Finally, Rothschild Capital Partners LLC acquired a new stake in shares of Netflix during the third quarter valued at approximately $296,000. Institutional investors own 80.42% of the company’s stock.
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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