Netflix (NFLX) Upgraded to Buy at Vetr

Vetr upgraded shares of Netflix (NASDAQ:NFLX) from a hold rating to a buy rating in a research note released on Tuesday morning. Vetr currently has $292.74 target price on the Internet television network’s stock.

Other equities analysts have also issued reports about the company. Loop Capital increased their price objective on Netflix to $252.00 and gave the company a buy rating in a research report on Thursday, January 18th. Piper Jaffray reiterated a buy rating and set a $240.00 price objective on shares of Netflix in a research report on Monday, January 8th. UBS set a $250.00 price objective on Netflix and gave the company a buy rating in a research report on Thursday, January 11th. Monness Crespi & Hardt initiated coverage on Netflix in a research report on Monday, December 4th. They set a buy rating and a $250.00 price objective on the stock. Finally, Zacks Investment Research upgraded Netflix from a hold rating to a buy rating and set a $213.00 price objective on the stock in a research report on Tuesday, December 19th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirty-four have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and an average target price of $257.79.

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NASDAQ:NFLX opened at $288.85 on Tuesday. Netflix has a twelve month low of $138.66 and a twelve month high of $333.98. The stock has a market capitalization of $125,385.06, a price-to-earnings ratio of 231.08, a price-to-earnings-growth ratio of 3.97 and a beta of 0.99. 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 released its quarterly earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The firm had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter last year, the firm posted $0.15 EPS. The company’s revenue was up 32.6% compared to the same quarter last year. research analysts expect that Netflix will post 2.73 earnings per share for the current fiscal year.

In other Netflix news, Director Richard N. Barton sold 700 shares of Netflix stock in a transaction on Thursday, April 5th. The stock was sold at an average price of $283.39, for a total transaction of $198,373.00. Following the completion of the transaction, the director now owns 7,393 shares in the company, valued at $2,095,102.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gregory K. Peters sold 9,618 shares of Netflix stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $325.00, for a total value of $3,125,850.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 452,009 shares of company stock valued at $121,912,410. 4.90% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in the business. Duncker Streett & Co. Inc. raised its stake in Netflix by 47.1% during the fourth quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock valued at $120,000 after buying an additional 200 shares during the last quarter. Buckingham Asset Management LLC raised its stake in Netflix by 9.2% during the fourth quarter. Buckingham Asset Management LLC now owns 2,386 shares of the Internet television network’s stock valued at $458,000 after buying an additional 202 shares during the last quarter. CWA Asset Management Group LLC raised its stake in Netflix by 8.5% during the fourth quarter. CWA Asset Management Group LLC now owns 2,700 shares of the Internet television network’s stock valued at $518,000 after buying an additional 211 shares during the last quarter. Hanseatic Management Services Inc. raised its stake in Netflix by 3.6% during the fourth quarter. Hanseatic Management Services Inc. now owns 6,256 shares of the Internet television network’s stock valued at $1,201,000 after buying an additional 219 shares during the last quarter. Finally, Murphy Capital Management Inc. raised its stake in Netflix by 5.4% during the fourth quarter. Murphy Capital Management Inc. now owns 4,316 shares of the Internet television network’s stock valued at $828,000 after buying an additional 220 shares during the last quarter. Institutional investors and hedge funds own 81.62% of the company’s stock.

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Netflix Company Profile

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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