Vetr Downgrades Netflix (NFLX) to Buy

Netflix (NASDAQ:NFLX) was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued on Monday. They presently have a $212.23 price target on the Internet television network’s stock. Vetr‘s price objective indicates a potential upside of 11.74% from the stock’s previous close.

Several other equities analysts have also weighed in on the stock. Loop Capital reiterated 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 price objective 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 price objective on the stock. BidaskClub lowered shares of Netflix from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Finally, Bank of America upped their price objective on shares of Netflix from $225.00 to $199.00 and gave the stock a “buy” rating in a report on Friday, December 1st. One investment 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 assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $209.60.

Shares of Netflix (NASDAQ:NFLX) traded up $1.32 during midday trading on Monday, reaching $189.94. 3,760,922 shares of the company traded hands, compared to its average volume of 5,700,000. Netflix has a one year low of $123.60 and a one year high of $204.38. The stock has a market cap of $82,770.00, a PE ratio of 191.86, a PEG ratio of 5.61 and a beta of 1.33. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.20 and a current ratio of 1.20.

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 the consensus estimate of $0.32 by ($0.03). The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.97 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. The firm’s revenue was up 30.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.12 EPS. research analysts anticipate that Netflix will post 1.26 earnings per share for the current fiscal year.

In other Netflix news, Director Richard N. Barton sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $179.89, for a total transaction of $359,780.00. Following the completion of the transaction, the director now directly owns 7,930 shares in the company, valued at approximately $1,426,527.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard N. Barton sold 350 shares of the firm’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $185.71, for a total transaction of $64,998.50. Following the transaction, the director now owns 7,171 shares of the company’s stock, valued at $1,331,726.41. The disclosure for this sale can be found here. Insiders sold 341,379 shares of company stock valued at $66,175,098 in the last quarter. Company insiders own 4.90% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. FMR LLC lifted its position in Netflix by 12.4% during the second quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock valued at $3,531,042,000 after buying an additional 2,605,731 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Netflix by 3,478.1% in the second quarter. Janus Henderson Group PLC now owns 2,041,458 shares of the Internet television network’s stock worth $305,014,000 after buying an additional 1,984,404 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Netflix by 22,622.2% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 814,592 shares of the Internet television network’s stock worth $121,708,000 after buying an additional 811,007 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Netflix by 2.9% in the second quarter. Vanguard Group Inc. now owns 27,950,272 shares of the Internet television network’s stock worth $4,176,049,000 after buying an additional 789,190 shares during the last quarter. Finally, Winslow Capital Management LLC increased its stake in shares of Netflix by 495,050.8% in the second quarter. Winslow Capital Management LLC now owns 623,890 shares of the Internet television network’s stock worth $93,216,000 after buying an additional 623,764 shares during the last quarter. Hedge funds and other institutional investors own 83.27% of the company’s stock.

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About Netflix

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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