Vetr cut shares of Netflix, Inc. (NASDAQ:NFLX) from a sell rating to a strong sell rating in a research report released on Monday morning. They currently have $162.49 target price on the Internet television network’s stock.

A number of other analysts have also recently weighed in on the stock. Piper Jaffray Companies restated a buy rating and set a $215.00 target price on shares of Netflix in a report on Monday. Sanford C. Bernstein set a $203.00 target price on shares of Netflix and gave the stock a buy rating in a report on Monday. Jefferies Group LLC set a $165.00 target price on shares of Netflix and gave the stock a neutral rating in a report on Monday. Needham & Company LLC restated a hold rating on shares of Netflix in a report on Sunday. Finally, Guggenheim restated a buy rating and set a $210.00 target price (up from $190.00) on shares of Netflix in a report on Tuesday, September 12th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Netflix presently has an average rating of Buy and a consensus target price of $178.10.

Netflix (NASDAQ NFLX) opened at 185.51 on Monday. The company’s 50 day moving average price is $175.28 and its 200 day moving average price is $160.06. The firm has a market capitalization of $80.09 billion, a P/E ratio of 225.68 and a beta of 1.05. Netflix has a 12 month low of $93.26 and a 12 month high of $191.50.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.01). The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The company’s quarterly revenue was up 32.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.09 earnings per share. Analysts anticipate that Netflix will post $1.17 EPS for the current year.

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In related news, CEO Reed Hastings sold 109,214 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $188.61, for a total transaction of $20,598,852.54. Following the completion of the sale, the chief executive officer now directly owns 109,214 shares of the company’s stock, valued at $20,598,852.54. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard N. Barton sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $156.62, for a total transaction of $156,620.00. Following the sale, the director now directly owns 8,012 shares of the company’s stock, valued at $1,254,839.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 235,858 shares of company stock valued at $41,949,573. 4.90% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. raised its stake in shares of Netflix by 0.8% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,134 shares of the Internet television network’s stock worth $168,000 after buying an additional 9 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Netflix by 0.6% during the second 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 last quarter. Guardian Life Insurance Co. of America raised its stake in shares of Netflix by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock worth $245,000 after buying an additional 11 shares during the last quarter. M Holdings Securities Inc. raised its stake in shares of Netflix by 0.5% during the first quarter. M Holdings Securities Inc. now owns 2,467 shares of the Internet television network’s stock worth $365,000 after buying an additional 12 shares during the last quarter. Finally, Heritage Investors Management Corp raised its stake in shares of Netflix by 0.6% during the second quarter. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network’s stock worth $298,000 after buying an additional 12 shares during the last quarter. 81.03% of the stock is owned by institutional investors and hedge funds.

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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