Netflix Inc. (NFLX) Cut to “Hold” at Vetr Inc.
Netflix Inc. (NASDAQ:NFLX) was downgraded by investment analysts at Vetr from a “buy” rating to a “hold” rating in a research note issued to investors on Monday. They currently have a $105.94 price objective on the Internet television network’s stock. Vetr‘s price target would suggest a potential upside of 3.23% from the stock’s current price.
A number of other analysts have also weighed in on the stock. Wedbush restated an “underperform” rating and set a $45.00 target price on shares of Netflix in a research note on Friday. JPMorgan Chase & Co. upped their target price on shares of Netflix from $116.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 27th. Zacks Investment Research upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a research note on Monday, September 26th. Jefferies Group restated an “underperform” rating and set a $76.00 target price on shares of Netflix in a research note on Friday, September 23rd. Finally, RBC Capital Markets restated a “buy” rating on shares of Netflix in a research note on Thursday, September 15th. Seven investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $110.66.
Netflix (NASDAQ:NFLX) traded up 4.14% on Monday, reaching $102.63. 15,344,490 shares of the company traded hands. Netflix has a 1-year low of $79.95 and a 1-year high of $133.27. The stock has a 50 day moving average of $97.18 and a 200-day moving average of $96.16. The stock has a market capitalization of $44.00 billion, a price-to-earnings ratio of 320.72 and a beta of 1.14.
Netflix (NASDAQ:NFLX) last released its earnings results on Monday, July 18th. The Internet television network reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.07. Netflix had a net margin of 1.85% and a return on equity of 5.59%. The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period in the prior year, the firm earned $0.06 earnings per share. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. On average, equities analysts anticipate that Netflix will post $0.29 EPS for the current year.
In other Netflix news, Director Richard N. Barton sold 700 shares of the firm’s stock in a transaction dated Wednesday, September 21st. The stock was sold at an average price of $96.90, for a total value of $67,830.00. Following the sale, the director now directly owns 15,562 shares of the company’s stock, valued at approximately $1,507,957.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jay C. Hoag purchased 600,000 shares of the firm’s stock in a transaction on Monday, July 25th. The stock was acquired at an average cost of $86.43 per share, for a total transaction of $51,858,000.00. The disclosure for this purchase can be found here. 4.90% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of NFLX. Aviva PLC raised its position in Netflix by 2.0% in the first quarter. Aviva PLC now owns 224,856 shares of the Internet television network’s stock valued at $22,987,000 after buying an additional 4,389 shares in the last quarter. Cannell Peter B & Co Inc raised its position in Netflix by 15.5% in the first quarter. Cannell Peter B & Co Inc now owns 4,465 shares of the Internet television network’s stock valued at $456,000 after buying an additional 600 shares in the last quarter. M&T Bank Corp raised its position in Netflix by 5.6% in the first quarter. M&T Bank Corp now owns 32,482 shares of the Internet television network’s stock valued at $3,320,000 after buying an additional 1,737 shares in the last quarter. Menta Capital LLC raised its position in Netflix by 225.0% in the first quarter. Menta Capital LLC now owns 10,833 shares of the Internet television network’s stock valued at $1,107,000 after buying an additional 7,500 shares in the last quarter. Finally, Blue Rock Advisors LLC purchased a new position in Netflix during the first quarter valued at $743,000. 78.43% of the stock is currently owned by hedge funds and other institutional investors.
Netflix, Inc (Netflix) is a provider of Internet television network. The Company’s members can watch original series, documentaries and feature films in Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content.
Receive News & Stock 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 stocks with our FREE daily email newsletter.