Netflix (NFLX) Upgraded at Vetr

Vetr upgraded shares of Netflix (NASDAQ:NFLX) from a buy rating to a strong-buy rating in a report issued on Friday. The brokerage currently has $214.83 target price on the Internet television network’s stock.

Several other equities research analysts also recently issued reports on NFLX. B. Riley reiterated a neutral rating on shares of Netflix in a research note on Wednesday, November 1st. SunTrust Banks set a $175.00 price objective on shares of Netflix and gave the stock a hold rating in a research note on Monday, October 16th. Sanford C. Bernstein reiterated an outperform rating and set a $203.00 price objective on shares of Netflix in a research note on Sunday, October 1st. Atlantic Securities set a $235.00 price objective on shares of Netflix and gave the stock a buy rating in a research note on Tuesday, October 17th. Finally, Jefferies Group set a $190.00 price objective on shares of Netflix and gave the stock a neutral rating in a research note on Tuesday, October 17th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $209.60.

Netflix (NASDAQ:NFLX) opened at $189.94 on Friday. Netflix has a 52-week low of $123.60 and a 52-week high of $204.38. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market cap of $82,770.00, a P/E ratio of 191.86, a P/E/G ratio of 5.61 and a beta of 1.33.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same period last year, the company posted $0.12 EPS. The business’s revenue for the quarter was up 30.3% on a year-over-year basis. equities research analysts expect that Netflix will post 1.26 EPS for the current fiscal year.

In related news, Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $179.89, for a total value of $359,780.00. Following the sale, the director now directly owns 7,930 shares of the company’s stock, valued at $1,426,527.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Leslie J. Kilgore sold 903 shares of the company’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $194.00, for a total transaction of $175,182.00. The disclosure for this sale can be found here. Insiders sold 341,379 shares of company stock worth $66,175,098 over the last ninety days. 4.90% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of NFLX. FMR LLC raised its holdings in shares of Netflix by 12.4% during the second quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock worth $3,531,042,000 after purchasing an additional 2,605,731 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Netflix by 3,478.1% during 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 purchasing an additional 1,984,404 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of Netflix by 22,622.2% during 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 purchasing an additional 811,007 shares during the period. Vanguard Group Inc. raised its holdings in shares of Netflix by 2.9% during 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 purchasing an additional 789,190 shares during the period. Finally, Winslow Capital Management LLC raised its holdings in shares of Netflix by 495,050.8% during the second quarter. Winslow Capital Management LLC now owns 623,890 shares of the Internet television network’s stock worth $93,216,000 after purchasing an additional 623,764 shares during the period. 83.27% of the stock is currently owned by institutional investors.

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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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