Netflix, Inc. (NFLX) Upgraded at Vetr Inc.
Vetr upgraded shares of Netflix, Inc. (NASDAQ:NFLX) from a strong sell rating to a sell rating in a research note released on Tuesday morning. The firm currently has $177.49 target price on the Internet television network’s stock.
A number of other research analysts have also recently weighed in on the company. Piper Jaffray Companies reaffirmed a buy rating and set a $215.00 price objective on shares of Netflix in a research report on Monday. Sanford C. Bernstein set a $203.00 price target on Netflix and gave the stock a buy rating in a report on Monday. Jefferies Group LLC set a $165.00 price target on Netflix and gave the stock a neutral rating in a report on Monday. Needham & Company LLC reissued a hold rating on shares of Netflix in a report on Sunday, September 17th. Finally, Guggenheim reissued a buy rating and issued a $210.00 price target (up from $190.00) on shares of Netflix in a report on Tuesday, September 12th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-eight have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $178.90.
Shares of Netflix (NASDAQ NFLX) traded down 0.33% during midday trading on Tuesday, hitting $188.15. The stock had a trading volume of 1,355,793 shares. The firm has a market cap of $81.23 billion, a price-to-earnings ratio of 228.89 and a beta of 1.05. The stock’s 50 day moving average price is $175.28 and its 200 day moving average price is $160.06. Netflix has a 12 month low of $93.26 and a 12 month high of $191.50.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings data 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). Netflix had a net margin of 3.55% and a return on equity of 12.82%. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. During the same period in the previous year, the firm earned $0.09 earnings per share. The firm’s quarterly revenue was up 32.3% on a year-over-year basis. On average, equities analysts forecast that Netflix will post $1.17 EPS for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: This report was first published by Daily Political and is the property of of Daily Political. If you are accessing this report on another site, it was illegally copied and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be read at https://www.dailypolitical.com/2017/09/22/netflix-inc-nflx-upgraded-at-vetr-inc.html.
In related news, insider Gregory K. Peters sold 12,768 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $177.38, for a total transaction of $2,264,787.84. Following the sale, the insider now directly owns 19,208 shares of the company’s stock, valued at $3,407,115.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Reed Hastings sold 109,214 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $188.61, for a total value of $20,598,852.54. Following the sale, the chief executive officer now directly owns 109,214 shares in the company, valued at $20,598,852.54. The disclosure for this sale can be found here. Insiders sold 311,325 shares of company stock worth $55,912,478 over the last three months. Corporate insiders own 4.90% of the company’s stock.
A number of institutional investors have recently bought and sold shares of NFLX. FMR LLC grew its holdings in 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 acquiring an additional 2,605,731 shares during the period. Janus Henderson Group PLC grew its holdings in 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 acquiring an additional 1,984,404 shares during the period. Jennison Associates LLC grew its holdings in Netflix by 14.0% during the second quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network’s stock worth $2,208,891,000 after acquiring an additional 1,814,056 shares during the period. Vanguard Group Inc. grew its holdings in Netflix by 3.5% during the first quarter. Vanguard Group Inc. now owns 27,161,082 shares of the Internet television network’s stock worth $4,014,680,000 after acquiring an additional 921,283 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. grew its holdings in 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 acquiring an additional 811,007 shares during the period. 81.03% of the stock is currently owned by hedge funds and other institutional investors.
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.
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.