Netflix, Inc. (NASDAQ:NFLX) was downgraded by investment analysts at Vetr from a “buy” rating to a “hold” rating in a research note issued on Monday. They currently have a $164.65 price target on the Internet television network’s stock. Vetr‘s target price suggests a potential downside of 10.32% from the company’s previous close.
A number of other brokerages have also recently issued reports on NFLX. Cantor Fitzgerald boosted their price objective on Netflix from $165.00 to $190.00 and gave the stock an “overweight” rating in a report on Tuesday, June 6th. Sanford C. Bernstein reiterated a “buy” rating and issued a $178.00 price target on shares of Netflix in a research note on Wednesday, May 31st. William Blair reiterated an “outperform” rating on shares of Netflix in a research note on Thursday, May 25th. Instinet reiterated a “buy” rating on shares of Netflix in a research note on Friday, June 2nd. Finally, MKM Partners reiterated a “buy” rating and issued a $195.00 price target (up from $175.00) on shares of Netflix in a research note on Monday, May 29th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirty have given a buy rating to the company’s stock. Netflix currently has a consensus rating of “Buy” and a consensus price target of $169.38.
Netflix (NASDAQ NFLX) opened at 183.60 on Monday. The firm has a 50-day moving average price of $156.86 and a 200 day moving average price of $147.88. The firm has a market cap of $79.13 billion, a PE ratio of 237.52 and a beta of 0.98. Netflix has a 12-month low of $85.01 and a 12-month high of $185.00. Netflix also saw unusually large options trading on Monday. Stock investors purchased 105,623 call options on the company. This represents an increase of approximately 271% compared to the typical volume of 28,474 call options.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by $0.01. Netflix had a return on equity of 13.28% and a net margin of 3.55%. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the prior year, the firm earned $0.09 EPS. The company’s revenue was up 32.3% on a year-over-year basis. Equities research analysts forecast that Netflix will post $1.15 EPS for the current year.
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In other news, Director Richard N. Barton sold 2,000 shares of Netflix stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $159.08, for a total transaction of $318,160.00. Following the sale, the director now owns 7,082 shares of the company’s stock, valued at approximately $1,126,604.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gregory K. Peters sold 6,909 shares of Netflix stock in a transaction dated Tuesday, April 25th. The shares were sold at an average price of $150.02, for a total transaction of $1,036,488.18. Following the sale, the insider now directly owns 19,999 shares in the company, valued at approximately $3,000,249.98. The disclosure for this sale can be found here. Insiders sold 420,458 shares of company stock worth $64,107,103 in the last 90 days. Corporate insiders own 4.90% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. raised its stake in shares of Netflix by 0.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,134 shares of the Internet television network’s stock worth $168,000 after buying an additional 9 shares during the last quarter. Guardian Life Insurance Co. of America raised its stake in shares of Netflix by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock worth $245,000 after buying an additional 11 shares during the last quarter. M Holdings Securities Inc. raised its stake in shares of Netflix by 0.5% in the first quarter. M Holdings Securities Inc. now owns 2,467 shares of the Internet television network’s stock worth $365,000 after buying an additional 12 shares during the last quarter. Heritage Investors Management Corp raised its stake in shares of Netflix by 0.6% in the second quarter. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network’s stock worth $298,000 after buying an additional 12 shares during the last quarter. Finally, Assetmark Inc. raised its stake in shares of Netflix by 3.1% in the first quarter. Assetmark Inc. now owns 1,201 shares of the Internet television network’s stock worth $178,000 after buying an additional 36 shares during the last quarter. 82.77% of the stock is currently owned by hedge funds and other institutional investors.
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.
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