Netflix (NFLX) Upgraded to Buy by Vetr
Vetr upgraded shares of Netflix (NASDAQ:NFLX) from a hold rating to a buy rating in a research note published on Monday. Vetr currently has $269.10 price objective on the Internet television network’s stock.
Several other brokerages have also commented on NFLX. Loop Capital raised their price objective on shares of Netflix from $228.00 to $242.00 and gave the stock a buy rating in a report on Tuesday, October 17th. Morgan Stanley restated an overweight rating and issued a $255.00 price objective (up from $235.00) on shares of Netflix in a report on Thursday, January 18th. Canaccord Genuity restated a buy rating and issued a $280.00 price objective (up from $225.00) on shares of Netflix in a report on Tuesday, January 23rd. Goldman Sachs Group restated a buy rating and issued a $235.00 price objective (up from $200.00) on shares of Netflix in a report on Friday, October 13th. Finally, Buckingham Research reiterated a buy rating and set a $214.00 target price on shares of Netflix in a report on Monday, October 9th. Three 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 stock currently has an average rating of Buy and an average price target of $237.51.
Shares of Netflix (NASDAQ:NFLX) opened at $250.10 on Monday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.81. Netflix has a 1-year low of $138.26 and a 1-year high of $286.81. The company has a market cap of $108,230.00, a PE ratio of 200.08, a price-to-earnings-growth ratio of 3.69 and a beta of 1.04.
In other Netflix news, Director Leslie J. Kilgore sold 630 shares of Netflix stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $279.00, for a total value of $175,770.00. Following the completion of the sale, the director now owns 35,826 shares of the company’s stock, valued at approximately $9,995,454. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard N. Barton sold 700 shares of Netflix stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $254.87, for a total transaction of $178,409.00. Following the completion of the sale, the director now directly owns 7,393 shares of the company’s stock, valued at approximately $1,884,253.91. The disclosure for this sale can be found here. In the last ninety days, insiders sold 297,138 shares of company stock valued at $62,304,023. 4.90% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of NFLX. Ark Investment Management LLC grew its position in Netflix by 37.4% in the 2nd quarter. Ark Investment Management LLC now owns 62,715 shares of the Internet television network’s stock worth $9,370,000 after purchasing an additional 17,064 shares during the period. Numeric Investors LLC purchased a new position in shares of Netflix during the 2nd quarter worth $433,000. QS Investors LLC boosted its stake in shares of Netflix by 9.4% during the 2nd quarter. QS Investors LLC now owns 8,060 shares of the Internet television network’s stock worth $1,204,000 after acquiring an additional 695 shares during the last quarter. Flinton Capital Management LLC boosted its stake in shares of Netflix by 12.6% during the 2nd quarter. Flinton Capital Management LLC now owns 4,992 shares of the Internet television network’s stock worth $746,000 after acquiring an additional 560 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its stake in shares of Netflix by 2.2% during the 2nd quarter. Macquarie Group Ltd. now owns 40,258 shares of the Internet television network’s stock worth $6,015,000 after acquiring an additional 882 shares during the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.
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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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