Netflix, Inc. (NFLX) Boosted to Hold at Vetr Inc.

Netflix, Inc. (NFLX) Boosted to Hold at Vetr Inc.

Vetr upgraded shares of Netflix, Inc. (NASDAQ:NFLX) from a sell rating to a hold rating in a research note published on Thursday morning. They currently have $140.94 price target on the Internet television network’s stock.

Several other analysts have also recently weighed in on the company. Brean Capital initiated coverage on Netflix in a report on Monday, November 21st. They set a buy rating and a $145.00 price target for the company. Canaccord Genuity reissued a buy rating and set a $140.00 price target on shares of Netflix in a report on Tuesday, January 3rd. Loop Capital reissued a buy rating and set a $159.00 price target on shares of Netflix in a report on Saturday, January 28th. MKM Partners reissued a buy rating and set a $175.00 price target (up from $165.00) on shares of Netflix in a report on Tuesday, January 31st. Finally, Zacks Investment Research raised Netflix from a hold rating to a buy rating and set a $127.00 price target for the company in a report on Wednesday, November 16th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-eight have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $138.02.

Netflix (NASDAQ:NFLX) opened at 145.83 on Thursday. Netflix has a 1-year low of $84.50 and a 1-year high of $146.50. The firm has a 50-day moving average price of $142.28 and a 200-day moving average price of $122.90. The firm has a market cap of $62.77 billion, a price-to-earnings ratio of 339.14 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Wednesday, January 18th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.02. Netflix had a return on equity of 7.51% and a net margin of 2.11%. The company earned $2.48 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same period last year, the firm posted $0.10 earnings per share. The business’s revenue was up 35.9% on a year-over-year basis. On average, analysts expect that Netflix will post $1.13 earnings per share for the current fiscal year.

In other Netflix news, insider Tawni Cranz sold 2,135 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $146.49, for a total transaction of $312,756.15. Following the completion of the sale, the insider now directly owns 2,135 shares of the company’s stock, valued at approximately $312,756.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard N. Barton sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, February 16th. The stock was sold at an average price of $141.57, for a total value of $283,140.00. Following the sale, the director now directly owns 8,012 shares of the company’s stock, valued at $1,134,258.84. The disclosure for this sale can be found here. Insiders have sold a total of 327,778 shares of company stock valued at $44,385,274 over the last three months. Corporate insiders own 4.90% of the company’s stock.

A number of hedge funds have recently modified their holdings of NFLX. Fulton Bank N.A. raised its stake in shares of Netflix by 0.3% in the third quarter. Fulton Bank N.A. now owns 4,450 shares of the Internet television network’s stock worth $439,000 after buying an additional 12 shares in the last quarter. Linscomb & Williams Inc. raised its stake in shares of Netflix by 0.9% in the fourth quarter. Linscomb & Williams Inc. now owns 3,269 shares of the Internet television network’s stock worth $405,000 after buying an additional 29 shares in the last quarter. Wetherby Asset Management Inc. raised its stake in shares of Netflix by 0.5% in the fourth quarter. Wetherby Asset Management Inc. now owns 5,979 shares of the Internet television network’s stock worth $740,000 after buying an additional 32 shares in the last quarter. Edmond DE Rothschild Italia SGR SPA raised its stake in shares of Netflix by 0.9% in the third quarter. Edmond DE Rothschild Italia SGR SPA now owns 3,829 shares of the Internet television network’s stock worth $377,000 after buying an additional 33 shares in the last quarter. Finally, Formidable Asset Management LLC raised its stake in shares of Netflix by 0.8% in the fourth quarter. Formidable Asset Management LLC now owns 4,695 shares of the Internet television network’s stock worth $582,000 after buying an additional 36 shares in the last quarter. 80.42% of the stock is 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.

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