Netflix, Inc. (NFLX) Upgraded by Vetr Inc. to “Sell”
Netflix, Inc. (NASDAQ:NFLX) was upgraded by investment analysts at Vetr from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Tuesday. The brokerage currently has a $177.49 price objective on the Internet television network’s stock. Vetr‘s target price indicates a potential downside of 4.41% from the stock’s current price.
Several other research firms also recently commented on NFLX. MKM Partners increased their price objective 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 increased 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 reaffirmed a “neutral” rating on shares of Netflix in a report on Tuesday, July 18th. Zacks Investment Research downgraded shares of Netflix from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Jefferies Group LLC set a $165.00 price target on shares of Netflix and gave the company a “neutral” rating in a report on Monday. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $178.99.
Shares of Netflix (NASDAQ:NFLX) traded up 0.57% on Tuesday, hitting $185.68. The stock had a trading volume of 4,982,086 shares. Netflix has a 52 week low of $93.26 and a 52 week high of $191.50. The company has a 50-day moving average of $175.28 and a 200 day moving average of $160.06. The company has a market capitalization of $80.17 billion, a price-to-earnings ratio of 225.89 and a beta of 1.05.
Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The company’s quarterly revenue was up 32.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.09 EPS. On average, equities research analysts predict that Netflix will post $1.19 EPS for the current year.
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In other news, Director Richard N. Barton sold 1,000 shares of the stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $173.62, for a total value of $173,620.00. Following the completion of the transaction, the director now owns 8,012 shares in the company, valued at approximately $1,391,043.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard N. Barton sold 2,000 shares of the stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $154.31, for a total transaction of $308,620.00. Following the completion of the transaction, the director now owns 8,012 shares of the company’s stock, valued at approximately $1,236,331.72. The disclosure for this sale can be found here. Insiders sold a total of 233,858 shares of company stock valued at $41,580,973 in the last 90 days. Company insiders own 4.90% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Intl Fcstone Inc. purchased a new position in shares of Netflix in the 2nd quarter valued at about $278,000. Navellier & Associates Inc purchased a new position in shares of Netflix in the 2nd quarter valued at about $492,000. USA Financial Portformulas Corp purchased a new position in shares of Netflix in the 2nd quarter valued at about $6,229,000. Toronto Dominion Bank increased its holdings in shares of Netflix by 25.7% in the 2nd quarter. Toronto Dominion Bank now owns 146,001 shares of the Internet television network’s stock valued at $21,810,000 after purchasing an additional 29,867 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Netflix in the 2nd quarter valued at about $445,000. Institutional investors and hedge funds own 81.03% 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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