Netflix, Inc. (NFLX) Rating Increased to Sell at Vetr Inc.
Vetr upgraded shares of Netflix, Inc. (NASDAQ:NFLX) from a strong sell rating to a sell rating in a research note issued to investors on Tuesday. The brokerage currently has $177.49 price target on the Internet television network’s stock.
Other analysts also recently issued research reports about the company. Instinet reissued a buy rating on shares of Netflix in a research note on Friday, June 2nd. Sanford C. Bernstein reissued a buy rating and issued a $178.00 price objective on shares of Netflix in a research note on Wednesday, May 31st. MKM Partners reissued a buy rating and issued a $195.00 price objective (up previously from $175.00) on shares of Netflix in a research note on Monday, May 29th. Canaccord Genuity reissued a buy rating and issued a $165.00 price objective on shares of Netflix in a research note on Thursday, May 25th. Finally, Loop Capital reissued a buy rating and issued a $180.00 price objective (up previously from $172.00) on shares of Netflix in a research note on Tuesday, May 23rd. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-eight have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $178.90.
Shares of Netflix (NFLX) opened at 187.35 on Tuesday. The firm has a market cap of $80.89 billion, a price-to-earnings ratio of 227.92 and a beta of 1.05. Netflix has a 12-month low of $93.26 and a 12-month high of $191.50. The firm has a 50-day moving average price of $175.28 and a 200 day moving average price of $160.06.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.01). Netflix had a return on equity of 12.82% and a net margin of 3.55%. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the prior year, the firm posted $0.09 EPS. The firm’s quarterly revenue was up 32.3% on a year-over-year basis. On average, equities research analysts anticipate that Netflix will post $1.17 earnings per share for the current fiscal year.
In other Netflix news, CEO Reed Hastings sold 109,214 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 109,214 shares in the company, valued at approximately $20,598,852.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard N. Barton sold 1,000 shares of the stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $156.62, for a total value of $156,620.00. Following the completion of the transaction, the director now owns 8,012 shares in the company, valued at $1,254,839.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 311,325 shares of company stock worth $55,912,478. 4.90% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Intl Fcstone Inc. bought a new position in Netflix in the 2nd quarter valued at $278,000. Navellier & Associates Inc bought a new position in Netflix in the 2nd quarter valued at $492,000. USA Financial Portformulas Corp bought a new position in Netflix in the 2nd quarter valued at $6,229,000. Toronto Dominion Bank boosted its position in Netflix by 25.7% in the 2nd quarter. Toronto Dominion Bank now owns 146,001 shares of the Internet television network’s stock valued at $21,810,000 after buying an additional 29,867 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Netflix in the 2nd quarter valued at $445,000. Hedge funds and other institutional investors own 81.03% of the company’s stock.
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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