Netflix (NFLX) Downgraded by Vetr

Vetr cut shares of Netflix (NASDAQ:NFLX) from a buy rating to a hold rating in a research report released on Tuesday. They currently have $266.45 price objective on the Internet television network’s stock.

A number of other equities analysts also recently weighed in on NFLX. Loop Capital upped their price target on Netflix from $212.00 to $228.00 and gave the stock a buy rating in a research report on Monday, October 9th. Buckingham Research reaffirmed a buy rating and set a $214.00 price target on shares of Netflix in a research report on Monday, October 9th. MKM Partners reaffirmed a buy rating and set a $230.00 price target on shares of Netflix in a research report on Monday, October 9th. Argus reaffirmed a hold rating on shares of Netflix in a research report on Tuesday, October 10th. Finally, Morgan Stanley upped their price target on Netflix from $210.00 to $225.00 and gave the stock an overweight rating in a research report on Wednesday, October 11th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $237.51.

Netflix (NASDAQ:NFLX) opened at $250.10 on Tuesday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.40 and a quick ratio of 1.40. Netflix has a 12-month low of $138.26 and a 12-month high of $286.81. The stock has a market capitalization of $108,230.00, a P/E ratio of 200.08, a P/E/G ratio of 3.69 and a beta of 1.04.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.41. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The firm had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter in the prior year, the firm posted $0.15 EPS. The business’s revenue was up 32.6% on a year-over-year basis. research analysts anticipate that Netflix will post 2.69 earnings per share for the current fiscal year.

In related news, Director Richard N. Barton sold 700 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $194.29, for a total value of $136,003.00. Following the sale, the director now owns 7,393 shares in the company, valued at approximately $1,436,385.97. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan Friedland sold 2,743 shares of the stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $205.59, for a total value of $563,933.37. Following the completion of the sale, the insider now owns 1,147 shares in the company, valued at approximately $235,811.73. The disclosure for this sale can be found here. In the last 90 days, insiders sold 297,138 shares of company stock worth $62,304,023. 4.90% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Quadrant Capital Group LLC increased its position in Netflix by 0.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock worth $229,000 after buying an additional 10 shares during the period. Kalos Management Inc. increased its position in Netflix by 0.7% during the 2nd quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock worth $242,000 after buying an additional 12 shares during the period. Laurel Wealth Advisors Inc. increased its position in Netflix by 1.6% during the 2nd quarter. Laurel Wealth Advisors Inc. now owns 3,452 shares of the Internet television network’s stock worth $515,000 after buying an additional 53 shares during the period. Sunbelt Securities Inc. increased its position in Netflix by 2.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 3,103 shares of the Internet television network’s stock worth $464,000 after buying an additional 65 shares during the period. Finally, Linscomb & Williams Inc. increased its position in Netflix by 4.8% during the 2nd quarter. Linscomb & Williams Inc. now owns 2,719 shares of the Internet television network’s stock worth $406,000 after buying an additional 125 shares during the period. Institutional investors and hedge funds own 82.71% 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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