Netflix (NASDAQ:NFLX) Downgraded by Vetr

Netflix (NASDAQ:NFLX) was downgraded by research analysts at Vetr from a “buy” rating to a “hold” rating in a report released on Wednesday, January 3rd. They currently have a $212.86 price objective on the Internet television network’s stock. Vetr‘s price target suggests a potential downside of 3.78% from the stock’s previous close.

Several other equities analysts also recently commented on the stock. Bank of America increased their price objective on shares of Netflix from $225.00 to $199.00 and gave the company a “buy” rating in a research note on Friday, December 1st. Goldman Sachs Group set a $250.00 price target on shares of Netflix and gave the company a “buy” rating in a research note on Tuesday, November 28th. Zacks Investment Research raised shares of Netflix from a “hold” rating to a “buy” rating and set a $219.00 price target for the company in a research note on Monday, November 20th. Jefferies Group set a $165.00 price target on shares of Netflix and gave the company a “neutral” rating in a research note on Monday, September 18th. Finally, Wedbush set a $93.00 price objective on shares of Netflix and gave the stock a “sell” rating in a research report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirty-six have given a buy rating to the company’s stock. Netflix has an average rating of “Buy” and an average target price of $211.77.

Netflix (NASDAQ NFLX) opened at $221.23 on Wednesday. Netflix has a 52 week low of $130.58 and a 52 week high of $222.55. The company has a market cap of $94,006.51, a PE ratio of 223.46, a P/E/G ratio of 3.53 and a beta of 1.34. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.47.

Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same quarter in the previous year, the company earned $0.12 EPS. The business’s revenue for the quarter was up 30.3% on a year-over-year basis. equities analysts forecast that Netflix will post 1.25 earnings per share for the current year.

In other Netflix news, insider Jonathan Friedland sold 995 shares of Netflix stock in a transaction on Friday, January 12th. The shares were sold at an average price of $219.92, for a total transaction of $218,820.40. Following the completion of the transaction, the insider now directly owns 1,016 shares of the company’s stock, valued at $223,438.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard N. Barton sold 350 shares of Netflix stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $185.71, for a total value of $64,998.50. Following the sale, the director now owns 7,171 shares of the company’s stock, valued at $1,331,726.41. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 341,102 shares of company stock valued at $66,275,397. Insiders own 4.90% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Covenant Asset Management LLC grew its stake in Netflix by 1.6% in the fourth quarter. Covenant Asset Management LLC now owns 15,373 shares of the Internet television network’s stock valued at $2,951,000 after purchasing an additional 238 shares during the last quarter. Broadleaf Partners LLC purchased a new position in Netflix in the fourth quarter valued at about $2,799,000. Appleton Partners Inc. MA grew its stake in Netflix by 2.3% in the fourth quarter. Appleton Partners Inc. MA now owns 12,420 shares of the Internet television network’s stock valued at $2,384,000 after purchasing an additional 275 shares during the last quarter. Crow Point Partners LLC grew its stake in Netflix by 190.3% in the fourth quarter. Crow Point Partners LLC now owns 3,007 shares of the Internet television network’s stock valued at $579,000 after purchasing an additional 1,971 shares during the last quarter. Finally, DnB Asset Management AS grew its stake in Netflix by 2.2% in the fourth quarter. DnB Asset Management AS now owns 45,933 shares of the Internet television network’s stock valued at $8,817,000 after purchasing an additional 981 shares during the last quarter. Hedge funds and other institutional investors own 83.27% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This report was published by Week Herald and is the sole property of of Week Herald. If you are viewing this report on another website, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The original version of this report can be viewed at https://weekherald.com/2018/01/13/netflix-nflx-cut-to-hold-at-vetr.html.

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.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply