Netflix (NFLX) Stock Rating Lowered by Vetr

Vetr cut shares of Netflix (NASDAQ:NFLX) from a buy rating to a hold rating in a research note issued to investors on Tuesday. They currently have $265.73 price target on the Internet television network’s stock.

Several other equities analysts also recently issued reports on the company. Credit Suisse Group set a $224.00 price objective on Netflix and gave the stock a neutral rating in a research report on Monday, January 8th. BidaskClub downgraded Netflix from a buy rating to a hold rating in a research report on Saturday, December 2nd. Wedbush reiterated an underperform rating and set a $110.00 price objective (up from $93.00) on shares of Netflix in a research report on Tuesday, January 23rd. Loop Capital boosted their price objective on Netflix from $237.00 to $241.00 and gave the stock a buy rating in a research report on Tuesday, January 2nd. Finally, Goldman Sachs Group set a $250.00 price objective on Netflix and gave the stock a buy rating in a research report on Tuesday, November 28th. Three equities research 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 stock. The stock presently has an average rating of Buy and a consensus target price of $239.39.

Netflix (NASDAQ NFLX) opened at $278.52 on Tuesday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.81. Netflix has a 52 week low of $138.26 and a 52 week high of $286.81. The company has a market capitalization of $120,110.00, a P/E ratio of 222.82, a price-to-earnings-growth ratio of 3.71 and a beta of 1.04.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, January 22nd. The Internet television network reported $0.41 EPS for the quarter, meeting the Zacks’ consensus estimate 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 the consensus estimate of $3.28 billion. During the same period in the previous year, the firm posted $0.15 earnings per share. Netflix’s quarterly revenue was up 32.6% compared to the same quarter last year. equities research analysts predict that Netflix will post 2.69 EPS for the current year.

In other Netflix news, CEO Reed Hastings sold 75,243 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $196.25, for a total transaction of $14,766,438.75. Following the sale, the chief executive officer now directly owns 75,243 shares of the company’s stock, valued at approximately $14,766,438.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO David B. Wells sold 1,000 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $193.30, for a total transaction of $193,300.00. Following the sale, the chief financial officer now directly owns 1,000 shares in the company, valued at $193,300. The disclosure for this sale can be found here. Over the last three months, insiders have sold 469,901 shares of company stock worth $107,797,603. Company insiders own 4.90% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Geode Capital Management LLC grew its holdings in shares of Netflix by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 4,400,513 shares of the Internet television network’s stock valued at $842,878,000 after acquiring an additional 143,321 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Netflix by 4.4% during the 4th quarter. Bank of New York Mellon Corp now owns 3,798,067 shares of the Internet television network’s stock valued at $729,077,000 after acquiring an additional 159,750 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Netflix by 9.7% during the 4th quarter. First Trust Advisors LP now owns 1,979,971 shares of the Internet television network’s stock valued at $380,075,000 after acquiring an additional 174,630 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Netflix by 22.5% during the 4th quarter. Wells Fargo & Company MN now owns 1,934,754 shares of the Internet television network’s stock valued at $371,396,000 after acquiring an additional 354,801 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Netflix by 3.3% during the 3rd quarter. Legal & General Group Plc now owns 1,855,088 shares of the Internet television network’s stock valued at $336,420,000 after acquiring an additional 58,691 shares in the last quarter. 82.38% of the stock is currently owned by institutional investors.

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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.

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