Vetr cut shares of Netflix Inc. (NASDAQ:NFLX) from a buy rating to a hold rating in a report issued on Monday morning. They currently have $102.77 price objective on the Internet television network’s stock.

NFLX has been the topic of several other research reports. Cantor Fitzgerald reissued a buy rating on shares of Netflix in a research note on Friday, September 9th. FBR & Co reissued a market perform rating and set a $90.00 price objective on shares of Netflix in a research note on Thursday, September 15th. RBC Capital Markets reaffirmed an outperform rating and set a $130.00 price target on shares of Netflix in a research note on Monday, August 29th. Bank of America Corp. reaffirmed a buy rating and set a $146.00 price target on shares of Netflix in a research note on Friday, August 26th. Finally, William Blair raised shares of Netflix from a market perform rating to an outperform rating in a research note on Wednesday, August 24th. Seven analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-seven have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $110.46.

Netflix (NASDAQ:NFLX) opened at 94.88 on Monday. Netflix has a 1-year low of $79.95 and a 1-year high of $133.27. The firm has a 50 day moving average of $96.62 and a 200 day moving average of $96.19. The firm has a market cap of $40.68 billion, a P/E ratio of 296.50 and a beta of 1.71.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, July 18th. The Internet television network reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.07. The business had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.11 billion. Netflix had a net margin of 1.85% and a return on equity of 5.59%. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.06 earnings per share. On average, equities research analysts expect that Netflix will post $0.29 EPS for the current year.

In other Netflix news, Director Richard N. Barton sold 700 shares of the business’s stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $98.78, for a total value of $69,146.00. Following the sale, the director now owns 15,562 shares of the company’s stock, valued at approximately $1,537,214.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jay C. Hoag purchased 600,000 shares of the stock in a transaction on Monday, July 25th. The stock was acquired at an average cost of $86.43 per share, for a total transaction of $51,858,000.00. The disclosure for this purchase can be found here. Corporate insiders own 4.90% of the company’s stock.

A number of large investors have recently made changes to their positions in NFLX. Cornerstone Advisors Inc. raised its stake in shares of Netflix by 25.6% in the second quarter. Cornerstone Advisors Inc. now owns 1,118 shares of the Internet television network’s stock valued at $102,000 after buying an additional 228 shares during the period. Signature Estate & Investment Advisors LLC acquired a new stake in shares of Netflix during the second quarter valued at about $124,000. Quadrant Capital Group LLC raised its stake in shares of Netflix by 15.1% in the second quarter. Quadrant Capital Group LLC now owns 1,475 shares of the Internet television network’s stock valued at $126,000 after buying an additional 194 shares during the period. Coconut Grove Bank raised its stake in shares of Netflix by 1.7% in the second quarter. Coconut Grove Bank now owns 1,526 shares of the Internet television network’s stock valued at $140,000 after buying an additional 26 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Netflix by 15.3% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,690 shares of the Internet television network’s stock valued at $155,000 after buying an additional 224 shares during the period. 78.43% of the stock is currently owned by hedge funds and other institutional investors.

About Netflix

Netflix, Inc (Netflix) is a provider of Internet television network. The Company’s members can watch original series, documentaries and feature films in Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content.

5 Day Chart for NASDAQ:NFLX

To view Vetr’s full report, visit Vetr’s official website.

Receive News & Ratings for Netflix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix Inc. and related companies with MarketBeat.com's FREE daily email newsletter.