Netflix (NFLX) Upgraded to Buy by Vetr

Netflix (NASDAQ:NFLX) was upgraded by Vetr from a “hold” rating to a “buy” rating in a research note issued on Thursday, January 4th. The firm presently has a $213.88 price objective on the Internet television network’s stock. Vetr‘s target price indicates a potential downside of 1.55% from the company’s previous close.

A number of other research analysts have also recently issued reports on the stock. Loop Capital lifted their price target on shares of Netflix from $237.00 to $241.00 and gave the company a “buy” rating in a research report on Tuesday, January 2nd. Macquarie raised shares of Netflix from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $200.00 to $220.00 in a research report on Tuesday, January 2nd. Zacks Investment Research upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $213.00 price objective for the company in a research note on Tuesday, December 19th. Evercore ISI assumed coverage on shares of Netflix in a research note on Wednesday, December 6th. They set an “in-line” rating and a $210.00 price objective for the company. Finally, Monness Crespi & Hardt assumed coverage on shares of Netflix in a research note on Monday, December 4th. They set a “buy” rating and a $250.00 price objective for the company. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and thirty-six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $211.77.

Netflix (NASDAQ NFLX) traded up $4.72 during trading hours on Thursday, hitting $217.24. 7,660,000 shares of the stock traded hands, compared to its average volume of 6,440,000. Netflix has a 12-month low of $128.50 and a 12-month high of $217.75. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market cap of $94,010.00, a PE ratio of 219.43, a price-to-earnings-growth ratio of 3.41 and a beta of 1.34.

Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the Thomson Reuters’ 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 company had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.97 billion. During the same period in the prior year, the business posted $0.12 earnings per share. The company’s revenue for the quarter was up 30.3% on a year-over-year basis. equities research analysts expect that Netflix will post 1.26 earnings per share for the current fiscal year.

In related news, Director Leslie J. Kilgore sold 868 shares of the business’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $202.00, for a total value of $175,336.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jonathan Friedland sold 3,180 shares of the business’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $211.64, for a total transaction of $673,015.20. Following the completion of the sale, the insider now owns 1,032 shares in the company, valued at approximately $218,412.48. The disclosure for this sale can be found here. Insiders sold 340,107 shares of company stock worth $66,056,576 in the last three months. Insiders own 4.90% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC increased its position in Netflix by 12.4% during the second quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock valued at $3,531,042,000 after acquiring an additional 2,605,731 shares during the last quarter. Janus Henderson Group PLC increased its position in Netflix by 3,478.1% during the second quarter. Janus Henderson Group PLC now owns 2,041,458 shares of the Internet television network’s stock valued at $305,014,000 after acquiring an additional 1,984,404 shares during the last quarter. Vanguard Group Inc. increased its position in Netflix by 2.9% during the second quarter. Vanguard Group Inc. now owns 27,950,272 shares of the Internet television network’s stock valued at $4,176,049,000 after acquiring an additional 789,190 shares during the last quarter. Winslow Capital Management LLC increased its position in Netflix by 495,050.8% during the second quarter. Winslow Capital Management LLC now owns 623,890 shares of the Internet television network’s stock valued at $93,216,000 after acquiring an additional 623,764 shares during the last quarter. Finally, BlackRock Inc. increased its position in Netflix by 1.7% during the second quarter. BlackRock Inc. now owns 25,663,728 shares of the Internet television network’s stock valued at $3,834,416,000 after acquiring an additional 423,968 shares during the last quarter. Institutional investors own 83.27% of the company’s stock.

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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)

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