Netflix, Inc. (NFLX) Boosted to Sell by Vetr Inc.

Netflix, Inc. (NFLX) Boosted to Sell by Vetr Inc.

Netflix, Inc. (NASDAQ:NFLX) was upgraded by investment analysts at Vetr from a “strong sell” rating to a “sell” rating in a research report issued on Monday. The firm presently has a $135.13 target price on the Internet television network’s stock. Vetr‘s price target indicates a potential downside of 8.58% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Netflix from a “buy” rating to a “hold” rating in a research note on Tuesday, December 13th. FBR & Co increased their target price on shares of Netflix from $100.00 to $144.00 and gave the stock a “mkt perform” rating in a research note on Thursday, January 19th. Robert W. Baird reissued a “neutral” rating and set a $138.00 target price (up from $120.00) on shares of Netflix in a research note on Thursday, January 19th. BMO Capital Markets increased their target price on shares of Netflix from $115.00 to $150.00 and gave the stock a “market perform” rating in a research note on Thursday, January 19th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $130.00 target price on shares of Netflix in a research note on Monday, October 17th. Three 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 $138.11.

Shares of Netflix (NASDAQ:NFLX) traded down 0.17% during midday trading on Monday, reaching $147.81. 3,888,237 shares of the company’s stock traded hands. The company has a 50 day moving average of $143.07 and a 200 day moving average of $126.06. Netflix has a 52-week low of $84.50 and a 52-week high of $148.29. The firm has a market cap of $63.62 billion, a PE ratio of 343.74 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Wednesday, January 18th. The Internet television network reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.02. Netflix had a net margin of 2.11% and a return on equity of 7.51%. The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same period in the prior year, the firm posted $0.10 EPS. The company’s quarterly revenue was up 35.9% on a year-over-year basis. On average, equities analysts predict that Netflix will post $1.12 EPS for the current fiscal year.

In other Netflix news, CEO Reed Hastings sold 86,835 shares of Netflix stock in a transaction that occurred on Wednesday, January 18th. The shares were sold at an average price of $131.96, for a total transaction of $11,458,746.60. Following the transaction, the chief executive officer now directly owns 86,835 shares of the company’s stock, valued at $11,458,746.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard N. Barton sold 2,800 shares of Netflix stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $125.73, for a total transaction of $352,044.00. Following the transaction, the director now directly owns 8,412 shares in the company, valued at $1,057,640.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 329,983 shares of company stock valued at $46,359,860. 4.90% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC acquired a new position in Netflix during the fourth quarter valued at approximately $114,000. Intellectus Partners LLC acquired a new position in Netflix during the fourth quarter valued at approximately $117,000. Harel Insurance Investments & Financial Services Ltd. increased its position in Netflix by 54.0% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,417 shares of the Internet television network’s stock valued at $175,000 after buying an additional 497 shares during the period. Cantab Capital Partners LLP acquired a new position in Netflix during the fourth quarter valued at approximately $177,000. Finally, Quadrant Capital Group LLC increased its position in Netflix by 3.6% in the third quarter. Quadrant Capital Group LLC now owns 1,528 shares of the Internet television network’s stock valued at $139,000 after buying an additional 53 shares during the period. 80.42% of the stock is currently owned by hedge funds and other institutional investors.

About Netflix

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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