Netflix (NASDAQ:NFLX) was downgraded by equities researchers at Vetr from a “buy” rating to a “hold” rating in a report issued on Tuesday. They currently have a $266.45 price target on the Internet television network’s stock. Vetr‘s price target would indicate a potential upside of 0.71% from the stock’s current price.

NFLX has been the subject of several other reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $225.00 price objective (up from $210.00) on shares of Netflix in a research note on Friday, October 13th. Stifel Nicolaus raised their price objective on Netflix from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, October 12th. BidaskClub lowered Netflix from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Credit Suisse Group reaffirmed a “neutral” rating and issued a $266.00 price objective (up from $224.00) on shares of Netflix in a research note on Tuesday, January 23rd. Finally, Loop Capital raised their price objective on Netflix from $237.00 to $241.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $237.51.

Netflix (NFLX) opened at $264.56 on Tuesday. Netflix has a one year low of $138.26 and a one year high of $286.81. The company has a market capitalization of $114,480.00, a P/E ratio of 211.65, a P/E/G ratio of 3.55 and a beta of 1.04. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.40 and a current ratio of 1.40.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, January 22nd. The Internet television network reported $0.41 EPS for the quarter, meeting analysts’ consensus estimates of $0.41. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The company had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same period in the prior year, the company earned $0.15 earnings per share. The firm’s revenue was up 32.6% on a year-over-year basis. equities analysts anticipate that Netflix will post 2.69 EPS for the current year.

In other news, Director Jay C. Hoag sold 11,264 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $267.50, for a total value of $3,013,120.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Reed Hastings sold 91,861 shares of the firm’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $189.03, for a total value of $17,364,484.83. Following the completion of the sale, the chief executive officer now directly owns 91,861 shares of the company’s stock, valued at approximately $17,364,484.83. The disclosure for this sale can be found here. Insiders sold a total of 297,138 shares of company stock valued at $62,304,023 in the last three months. Insiders own 4.90% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Penserra Capital Management LLC lifted its position in Netflix by 45.0% during the 4th quarter. Penserra Capital Management LLC now owns 26,400 shares of the Internet television network’s stock worth $5,067,000 after acquiring an additional 8,192 shares during the period. Sentry Investment Management LLC lifted its position in Netflix by 39.5% during the 4th quarter. Sentry Investment Management LLC now owns 29,899 shares of the Internet television network’s stock worth $5,739,000 after acquiring an additional 8,464 shares during the period. Bronfman E.L. Rothschild L.P. lifted its position in Netflix by 24.6% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,844 shares of the Internet television network’s stock worth $546,000 after acquiring an additional 562 shares during the period. AGF Investments Inc. lifted its position in Netflix by 27.8% during the 4th quarter. AGF Investments Inc. now owns 423,230 shares of the Internet television network’s stock worth $81,243,000 after acquiring an additional 92,177 shares during the period. Finally, Candriam Luxembourg S.C.A. lifted its position in Netflix by 2.4% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 31,025 shares of the Internet television network’s stock worth $5,956,000 after acquiring an additional 714 shares during the period. 82.71% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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