Netflix, Inc. (NASDAQ:NFLX) was upgraded by analysts at Vetr from a “strong sell” rating to a “sell” rating in a report released on Thursday, July 27th. The brokerage presently has a $163.64 price target on the Internet television network’s stock. Vetr‘s target price would suggest a potential downside of 4.30% from the stock’s current price.
Other research analysts have also issued research reports about the company. UBS AG restated a “buy” rating and set a $175.00 price objective on shares of Netflix in a research report on Wednesday, April 19th. Loop Capital raised their price objective on Netflix from $162.00 to $172.00 and gave the company an “outperform” rating in a research report on Wednesday, April 19th. BMO Capital Markets restated a “market perform” rating and set a $180.00 price objective (up previously from $150.00) on shares of Netflix in a research report on Tuesday, July 18th. Needham & Company LLC restated a “hold” rating on shares of Netflix in a research report on Tuesday, July 18th. Finally, Bank of America Corporation restated a “buy” rating and set a $199.00 price objective (up previously from $184.00) on shares of Netflix in a research report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $175.13.
Netflix (NASDAQ NFLX) traded down 0.9030% during trading on Thursday, reaching $169.4558. The company had a trading volume of 2,623,056 shares. Netflix has a one year low of $93.26 and a one year high of $191.50. The firm has a market capitalization of $73.16 billion, a P/E ratio of 206.1506 and a beta of 1.02. The firm’s 50-day moving average price is $169.13 and its 200 day moving average price is $154.17.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The company’s revenue for the quarter was up 32.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 EPS. Equities analysts forecast that Netflix will post $1.19 earnings per share for the current fiscal year.
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In other Netflix news, Director Richard N. Barton sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $181.37, for a total transaction of $181,370.00. Following the sale, the director now directly owns 8,012 shares in the company, valued at approximately $1,453,136.44. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Richard N. Barton sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $176.41, for a total transaction of $352,820.00. Following the completion of the sale, the director now owns 8,012 shares in the company, valued at $1,413,396.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 389,801 shares of company stock worth $64,889,201. 4.90% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in the stock. FMR LLC raised its stake in shares of Netflix by 12.4% in the second quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock worth $3,531,042,000 after buying an additional 2,605,731 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Netflix by 21.4% in the first quarter. Jennison Associates LLC now owns 12,947,211 shares of the Internet television network’s stock worth $1,913,727,000 after buying an additional 2,279,835 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Netflix by 3,478.1% in the second quarter. Janus Henderson Group PLC now owns 2,041,458 shares of the Internet television network’s stock worth $305,014,000 after buying an additional 1,984,404 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Netflix by 3.5% in the first quarter. Vanguard Group Inc. now owns 27,161,082 shares of the Internet television network’s stock worth $4,014,680,000 after buying an additional 921,283 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of Netflix by 22,622.2% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 814,592 shares of the Internet television network’s stock worth $121,708,000 after buying an additional 811,007 shares during the last quarter. Institutional investors and hedge funds own 82.94% of the company’s stock.
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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