Netflix, Inc. (NFLX) Upgraded to Hold by Vetr Inc.
Netflix, Inc. (NASDAQ:NFLX) was upgraded by stock analysts at Vetr from a “sell” rating to a “hold” rating in a research report issued on Wednesday. The firm presently has a $165.09 price target on the Internet television network’s stock. Vetr‘s target price would suggest a potential downside of 2.88% from the stock’s current price.
Several other research analysts have also commented on the stock. MKM Partners raised their price target on shares of Netflix from $195.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, July 27th. BTIG Research raised their price target on shares of Netflix from $170.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, July 26th. Moffett Nathanson restated a “neutral” rating on shares of Netflix in a report on Tuesday, July 18th. Zacks Investment Research lowered shares of Netflix from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $215.00 price target (up previously from $198.00) on shares of Netflix in a report on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $175.12.
Netflix (NFLX) traded up 0.88% during trading on Wednesday, reaching $169.98. 7,013,557 shares of the company were exchanged. Netflix has a 12 month low of $93.26 and a 12 month high of $191.50. The firm has a market capitalization of $73.39 billion, a PE ratio of 206.79 and a beta of 1.02. The stock has a 50 day moving average price of $169.99 and a 200 day moving average price of $154.47.
Netflix (NASDAQ:NFLX) last released its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same period in the prior year, the business posted $0.09 earnings per share. Netflix’s revenue was up 32.3% on a year-over-year basis. On average, analysts expect that Netflix will post $1.19 EPS for the current fiscal year.
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In other Netflix news, Director Richard N. Barton sold 2,000 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $157.81, for a total transaction of $315,620.00. Following the sale, the director now owns 8,012 shares in the company, valued at approximately $1,264,373.72. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Reed Hastings sold 115,577 shares of the business’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $152.63, for a total value of $17,640,517.51. Following the sale, the chief executive officer now owns 115,577 shares in the company, valued at approximately $17,640,517.51. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 389,801 shares of company stock worth $64,889,201. Corporate insiders own 4.90% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Retirement Systems of Alabama boosted its position in Netflix by 2.3% in the first quarter. Retirement Systems of Alabama now owns 208,054 shares of the Internet television network’s stock valued at $30,752,000 after buying an additional 4,647 shares during the period. Glaxis Capital Management LLC acquired a new position in Netflix during the first quarter valued at $3,063,000. Johanson Financial Advisors Inc. acquired a new position in Netflix during the first quarter valued at $300,000. Columbus Circle Investors boosted its position in Netflix by 3.7% in the first quarter. Columbus Circle Investors now owns 625,610 shares of the Internet television network’s stock valued at $92,471,000 after buying an additional 22,358 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in Netflix by 1.8% in the first quarter. Nisa Investment Advisors LLC now owns 152,225 shares of the Internet television network’s stock valued at $22,500,000 after buying an additional 2,640 shares during the period. Hedge funds and other institutional investors own 82.94% 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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