Netflix (NASDAQ:NFLX) was upgraded by equities researchers at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Friday. The firm presently has a $214.83 target price on the Internet television network’s stock. Vetr‘s price target would suggest a potential upside of 13.10% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $213.00 price objective for the company in a research note on Tuesday. Loop Capital reaffirmed a “buy” rating and issued a $237.00 target price on shares of Netflix in a report on Wednesday, December 6th. Evercore ISI started coverage on shares of Netflix in a report on Wednesday, December 6th. They issued an “in-line” rating and a $210.00 target price on the stock. Monness Crespi & Hardt started coverage on shares of Netflix in a report on Monday, December 4th. They issued a “buy” rating and a $250.00 target price on the stock. Finally, BidaskClub lowered shares of Netflix from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $209.60.

Shares of Netflix (NASDAQ:NFLX) traded up $1.32 during mid-day trading on Friday, hitting $189.94. 3,772,093 shares of the stock were exchanged, compared to its average volume of 6,607,861. Netflix has a 52 week low of $123.60 and a 52 week high of $204.38. The firm has a market cap of $81,708.29, a PE ratio of 191.86, a price-to-earnings-growth ratio of 5.61 and a beta of 1.33. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.47.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). Netflix had a net margin of 4.04% and a return on equity of 14.56%. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.97 billion. During the same quarter in the prior year, the company posted $0.12 EPS. The company’s quarterly revenue was up 30.3% compared to the same quarter last year. research analysts forecast that Netflix will post 1.26 EPS for the current year.

In related news, Director Ann Mather sold 3,885 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $200.00, for a total value of $777,000.00. Following the sale, the director now directly owns 1,015 shares in the company, valued at approximately $203,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Reed Hastings sold 91,861 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $189.03, for a total transaction of $17,364,484.83. Following the completion of the sale, the chief executive officer now owns 91,861 shares in the company, valued at $17,364,484.83. The disclosure for this sale can be found here. Insiders sold a total of 341,379 shares of company stock worth $66,175,098 over the last quarter. 4.90% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. Atlantic Trust Group LLC acquired a new stake in Netflix during the 3rd quarter worth approximately $4,025,000. Steward Partners Investment Advisory LLC bought a new position in shares of Netflix during the 3rd quarter worth approximately $171,000. Public Employees Retirement System of Ohio grew its stake in shares of Netflix by 0.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 285,901 shares of the Internet television network’s stock worth $51,848,000 after acquiring an additional 877 shares in the last quarter. Truepoint Inc. grew its stake in shares of Netflix by 18,035.0% during the 3rd quarter. Truepoint Inc. now owns 402,416 shares of the Internet television network’s stock worth $402,000 after acquiring an additional 400,197 shares in the last quarter. Finally, Salem Investment Counselors Inc. grew its stake in shares of Netflix by 161.0% during the 3rd quarter. Salem Investment Counselors Inc. now owns 15,967 shares of the Internet television network’s stock worth $2,837,000 after acquiring an additional 9,850 shares in the last quarter. Hedge funds and other institutional investors own 83.27% of the company’s stock.

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Netflix Company Profile

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.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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