Vetr upgraded shares of Netflix, Inc. (NASDAQ:NFLX) from a hold rating to a buy rating in a research report report published on Thursday, October 19th. Vetr currently has $210.19 target price on the Internet television network’s stock.
A number of other research firms also recently commented on NFLX. Piper Jaffray Companies reiterated a buy rating and issued a $215.00 target price on shares of Netflix in a report on Monday, September 18th. Loop Capital boosted their target price on shares of Netflix from $228.00 to $242.00 and gave the stock a buy rating in a report on Tuesday, October 17th. Royal Bank Of Canada reiterated an outperform rating and issued a $210.00 target price on shares of Netflix in a report on Friday, October 6th. MKM Partners reiterated a buy rating and issued a $195.00 target price on shares of Netflix in a report on Monday, July 10th. Finally, J P Morgan Chase & Co reiterated a buy rating on shares of Netflix in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirty-three have assigned a buy rating to the company. Netflix currently has an average rating of Buy and an average price target of $207.20.
Shares of Netflix (NFLX) opened at 199.54 on Thursday. The stock’s 50 day moving average price is $188.02 and its 200-day moving average price is $168.64. Netflix has a 52-week low of $110.68 and a 52-week high of $204.38. The firm has a market capitalization of $86.28 billion, a PE ratio of 199.34 and a beta of 1.09.
Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same quarter last year, the firm posted $0.12 earnings per share. The firm’s quarterly revenue was up 30.3% compared to the same quarter last year. Equities research analysts anticipate that Netflix will post $1.25 EPS for the current fiscal year.
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In other Netflix news, insider Jonathan Friedland sold 3,622 shares of Netflix stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $194.89, for a total value of $705,891.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard N. Barton sold 1,000 shares of Netflix stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $181.37, for a total value of $181,370.00. Following the completion of the transaction, the director now owns 8,012 shares in the company, valued at approximately $1,453,136.44. The disclosure for this sale can be found here. Insiders have sold a total of 276,409 shares of company stock valued at $50,072,727 in the last ninety days. Insiders own 4.90% of the company’s stock.
Large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC bought a new stake in Netflix during the second quarter worth $1,045,000. Calamos Advisors LLC grew its stake in Netflix by 198.5% in the 2nd quarter. Calamos Advisors LLC now owns 208,945 shares of the Internet television network’s stock valued at $31,218,000 after purchasing an additional 138,945 shares during the period. Alps Advisors Inc. bought a new position in Netflix in the 2nd quarter valued at $262,000. Guardian Life Insurance Co. of America grew its stake in shares of Netflix by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock worth $245,000 after acquiring an additional 11 shares during the period. Finally, Teachers Advisors LLC grew its stake in shares of Netflix by 2.0% during the 1st quarter. Teachers Advisors LLC now owns 1,300,531 shares of the Internet television network’s stock worth $192,231,000 after acquiring an additional 25,266 shares during the period. 80.97% of the stock is currently owned by 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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