Vetr downgraded shares of Netflix Inc. (NASDAQ:NFLX) from a buy rating to a hold rating in a report published on Monday. The firm currently has $105.94 price target on the Internet television network’s stock.
NFLX has been the topic of several other research reports. Needham & Company LLC downgraded Netflix from a buy rating to a hold rating and raised their price objective for the stock from $95.15 to $96.67 in a research note on Tuesday, July 5th. Morgan Stanley reaffirmed a buy rating and set a $125.00 price objective on shares of Netflix in a research note on Monday, June 6th. Bank of America Corp. reaffirmed a buy rating and set a $146.00 price objective on shares of Netflix in a research note on Friday, August 26th. Wedbush raised their price objective on Netflix from $45.00 to $50.00 and gave the stock an underperform rating in a research note on Tuesday, July 19th. Finally, Piper Jaffray Cos. reissued an overweight rating and issued a $122.00 price target on shares of Netflix in a research note on Wednesday, September 7th. Seven analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $110.66.
Shares of Netflix (NASDAQ:NFLX) opened at 102.63 on Monday. The company has a market cap of $44.00 billion, a P/E ratio of 320.72 and a beta of 1.14. The stock’s 50 day moving average price is $97.18 and its 200 day moving average price is $96.16. Netflix has a 1-year low of $79.95 and a 1-year high of $133.27.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, July 18th. The Internet television network reported $0.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.07. The business had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.11 billion. Netflix had a return on equity of 5.59% and a net margin of 1.85%. The firm’s revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 EPS. Equities research analysts forecast that Netflix will post $0.29 earnings per share for the current year.
In related news, Director Richard N. Barton sold 700 shares of Netflix stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $98.78, for a total value of $69,146.00. Following the transaction, the director now owns 15,562 shares in the company, valued at approximately $1,537,214.36. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jay C. Hoag bought 600,000 shares of the firm’s stock in a transaction that occurred on Monday, July 25th. The stock was acquired at an average price 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 currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. Cornerstone Advisors Inc. boosted its position in shares of Netflix by 25.6% in the second quarter. Cornerstone Advisors Inc. now owns 1,118 shares of the Internet television network’s stock worth $102,000 after buying an additional 228 shares during the last quarter. Signature Estate & Investment Advisors LLC purchased a new position in Netflix during the second quarter worth about $124,000. Quadrant Capital Group LLC boosted its position in Netflix by 15.1% in the second quarter. Quadrant Capital Group LLC now owns 1,475 shares of the Internet television network’s stock worth $126,000 after buying an additional 194 shares during the last quarter. Coconut Grove Bank boosted its position in Netflix by 1.7% in the second quarter. Coconut Grove Bank now owns 1,526 shares of the Internet television network’s stock worth $140,000 after buying an additional 26 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its position in Netflix by 15.3% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,690 shares of the Internet television network’s stock worth $155,000 after buying an additional 224 shares during the last quarter. Institutional investors own 78.43% of the company’s stock.
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.
To view Vetr’s full report, visit Vetr’s official website.
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