Netflix (NASDAQ:NFLX) Raised to Buy at Vetr

Vetr upgraded shares of Netflix (NASDAQ:NFLX) from a hold rating to a buy rating in a research note published on Monday, February 5th. The firm currently has $269.10 target price on the Internet television network’s stock.

A number of other equities analysts have also issued reports on NFLX. B. Riley restated a neutral rating on shares of Netflix in a research note on Wednesday, November 1st. SunTrust Banks set a $175.00 price target on Netflix and gave the stock a hold rating in a research report on Monday, October 16th. Atlantic Securities set a $235.00 price target on Netflix and gave the stock a buy rating in a research report on Tuesday, October 17th. Jefferies Group set a $190.00 price target on Netflix and gave the stock a neutral rating in a research report on Tuesday, October 17th. Finally, Oppenheimer increased their price target on Netflix from $215.00 to $245.00 and gave the stock an outperform rating in a research report on Tuesday, October 17th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, thirty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $237.39.

Shares of Netflix (NASDAQ NFLX) traded up $8.48 on Monday, hitting $257.95. The stock had a trading volume of 8,518,264 shares, compared to its average volume of 11,070,000. The stock has a market cap of $111,940.00, a price-to-earnings ratio of 206.36, a PEG ratio of 3.48 and a beta of 1.04. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.40 and a current ratio of 1.40. Netflix has a 12-month low of $138.26 and a 12-month high of $286.81.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.41. The company had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.28 billion. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The firm’s quarterly revenue was up 32.6% on a year-over-year basis. During the same quarter last year, the business posted $0.15 EPS. research analysts forecast that Netflix will post 2.69 earnings per share for the current fiscal year.

In related news, Director Richard N. Barton sold 700 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $194.29, for a total transaction of $136,003.00. Following the completion of the transaction, the director now owns 7,393 shares in the company, valued at $1,436,385.97. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Theodore A. Sarandos sold 163,747 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $262.91, for a total transaction of $43,050,723.77. Following the transaction, the insider now owns 23,953 shares of the company’s stock, valued at approximately $6,297,483.23. The disclosure for this sale can be found here. In the last 90 days, insiders sold 459,885 shares of company stock valued at $105,163,627. Insiders own 4.90% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Lincoln National Corp grew its stake in shares of Netflix by 7.0% during the third quarter. Lincoln National Corp now owns 4,094 shares of the Internet television network’s stock worth $742,000 after purchasing an additional 268 shares in the last quarter. BB&T Corp grew its stake in shares of Netflix by 20.0% during the third quarter. BB&T Corp now owns 3,857 shares of the Internet television network’s stock worth $700,000 after purchasing an additional 642 shares in the last quarter. Mizuho Securities USA LLC acquired a new position in shares of Netflix during the third quarter worth $9,793,000. AGF Investments Inc. acquired a new position in shares of Netflix during the third quarter worth $60,036,000. Finally, Toronto Dominion Bank grew its stake in shares of Netflix by 25.7% during the second quarter. Toronto Dominion Bank now owns 146,001 shares of the Internet television network’s stock worth $21,810,000 after purchasing an additional 29,867 shares in the last quarter. Hedge funds and other institutional investors own 82.38% of the company’s stock.

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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.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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