Netflix (NASDAQ:NFLX) was downgraded by investment analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued on Monday, December 18th. They currently have a $212.23 price target on the Internet television network’s stock. Vetr‘s price target points to a potential downside of 4.07% from the company’s current price.
Several other brokerages also recently issued reports on NFLX. Piper Jaffray Companies reissued a “buy” rating and issued a $215.00 price objective on shares of Netflix in a research note on Monday, September 18th. Loop Capital increased their price objective on Netflix from $228.00 to $242.00 and gave the stock a “buy” rating in a research note on Tuesday, October 17th. Royal Bank of Canada reissued an “outperform” rating and issued a $210.00 price objective on shares of Netflix in a research note on Friday, October 6th. KeyCorp reissued a “buy” rating and issued a $190.00 price objective on shares of Netflix in a research note on Friday, August 25th. Finally, Buckingham Research reissued a “buy” rating and issued a $214.00 price objective on shares of Netflix in a research note on Monday, October 9th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and thirty-six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $211.77.
Shares of Netflix (NASDAQ:NFLX) traded up $3.99 during midday trading on Monday, hitting $221.23. The stock had a trading volume of 8,196,874 shares, compared to its average volume of 6,460,000. Netflix has a twelve month low of $128.50 and a twelve month high of $222.55. The stock has a market capitalization of $95,730.00, a P/E ratio of 223.46, a price-to-earnings-growth ratio of 3.41 and a beta of 1.34. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.20 and a current ratio of 1.20.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.03). The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.97 billion. Netflix had a return on equity of 14.56% and a net margin of 4.04%. The firm’s revenue was up 30.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.12 earnings per share. research analysts anticipate that Netflix will post 1.26 earnings per share for the current fiscal year.
In other Netflix news, CEO Reed Hastings sold 83,335 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $192.79, for a total value of $16,066,154.65. Following the sale, the chief executive officer now owns 83,335 shares of the company’s stock, valued at approximately $16,066,154.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jonathan Friedland sold 3,180 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $211.64, for a total value of $673,015.20. Following the completion of the sale, the insider now directly owns 1,032 shares in the company, valued at approximately $218,412.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 340,107 shares of company stock worth $66,056,576. 4.90% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in NFLX. Advisors Asset Management Inc. grew its holdings in Netflix by 7.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 7,525 shares of the Internet television network’s stock valued at $1,124,000 after buying an additional 515 shares during the last quarter. Alps Advisors Inc. acquired a new stake in Netflix in the 2nd quarter valued at approximately $262,000. Ballentine Partners LLC grew its holdings in Netflix by 9.7% in the 2nd quarter. Ballentine Partners LLC now owns 1,497 shares of the Internet television network’s stock valued at $276,000 after buying an additional 132 shares during the last quarter. BB&T Securities LLC grew its holdings in Netflix by 59.3% in the 2nd quarter. BB&T Securities LLC now owns 9,227 shares of the Internet television network’s stock valued at $1,378,000 after buying an additional 3,433 shares during the last quarter. Finally, William Blair Investment Management LLC acquired a new stake in Netflix in the 2nd quarter valued at approximately $28,604,000. 83.27% 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.
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