Vetr upgraded shares of Netflix (NASDAQ:NFLX) from a hold rating to a buy rating in a research report sent to investors on Tuesday. They currently have $230.38 target price on the Internet television network’s stock.

NFLX has been the subject of a number of other research reports. Piper Jaffray Companies reaffirmed a buy rating and issued a $215.00 price target on shares of Netflix in a report on Monday, September 18th. Loop Capital upped their price target on Netflix from $228.00 to $242.00 and gave the stock a buy rating in a report on Tuesday, October 17th. Royal Bank of Canada reaffirmed an outperform rating and issued a $210.00 price target on shares of Netflix in a report on Friday, October 6th. Buckingham Research reaffirmed a buy rating and issued a $214.00 price target on shares of Netflix in a report on Monday, October 9th. Finally, Argus reaffirmed a hold rating on shares of Netflix in a report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirty-six have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $212.11.

Shares of Netflix (NASDAQ NFLX) traded down $4.00 during mid-day trading on Tuesday, reaching $217.54. The company had a trading volume of 4,746,496 shares, compared to its average volume of 7,964,850. Netflix has a 1 year low of $131.06 and a 1 year high of $226.07. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.47. The stock has a market cap of $94,370.00, a P/E ratio of 219.73, a price-to-earnings-growth ratio of 3.59 and a beta of 1.34.

Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.97 billion. During the same quarter last year, the firm earned $0.12 earnings per share. The firm’s quarterly revenue was up 30.3% compared to the same quarter last year. sell-side analysts predict that Netflix will post 1.25 EPS for the current year.

In related news, Director Leslie J. Kilgore sold 2,373 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $220.99, for a total value of $524,409.27. Following the transaction, the director now directly owns 35,994 shares in the company, valued at approximately $7,954,314.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leslie J. Kilgore sold 1,589 shares of the firm’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $220.00, for a total transaction of $349,580.00. Following the completion of the transaction, the director now owns 35,994 shares in the company, valued at $7,918,680. The disclosure for this sale can be found here. In the last quarter, insiders sold 340,579 shares of company stock valued at $66,238,533. Insiders own 4.90% of the company’s stock.

A number of large investors have recently bought and sold shares of NFLX. Ameriprise Financial Inc. grew its position in Netflix by 47.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 496,301 shares of the Internet television network’s stock worth $74,150,000 after purchasing an additional 160,582 shares during the last quarter. BT Investment Management Ltd acquired a new stake in shares of Netflix during the 2nd quarter valued at about $790,000. PNC Financial Services Group Inc. boosted its position in shares of Netflix by 6.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 97,479 shares of the Internet television network’s stock valued at $14,563,000 after acquiring an additional 5,885 shares in the last quarter. Thrivent Financial For Lutherans boosted its position in shares of Netflix by 3.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 16,320 shares of the Internet television network’s stock valued at $2,439,000 after acquiring an additional 510 shares in the last quarter. Finally, Rafferty Asset Management LLC boosted its position in shares of Netflix by 18.4% during the 2nd quarter. Rafferty Asset Management LLC now owns 9,382 shares of the Internet television network’s stock valued at $1,402,000 after acquiring an additional 1,458 shares in the last quarter. Institutional investors and hedge funds own 83.27% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Netflix (NFLX) Upgraded by Vetr to “Buy”” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.thecerbatgem.com/2018/01/17/netflix-nflx-upgraded-by-vetr-to-buy.html.

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.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.