Vetr Downgrades Netflix (NFLX) to Sell

Vetr downgraded shares of Netflix (NASDAQ:NFLX) from a hold rating to a sell rating in a research report report published on Thursday. Vetr currently has $266.74 price objective on the Internet television network’s stock.

Several other analysts have also recently commented on NFLX. Loop Capital reaffirmed a buy rating and issued a $237.00 target price on shares of Netflix in a research report on Thursday, October 26th. B. Riley reissued a neutral rating on shares of Netflix in a research report on Wednesday, November 1st. Zacks Investment Research cut Netflix from a buy rating to a hold rating in a research report on Wednesday, November 15th. Goldman Sachs Group set a $250.00 price objective on Netflix and gave the company a buy rating in a research report on Tuesday, November 28th. Finally, MKM Partners lifted their price objective on Netflix from $230.00 to $245.00 and gave the company a buy rating in a research report on Thursday, November 30th. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, thirty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. Netflix has a consensus rating of Buy and a consensus target price of $240.17.

Shares of Netflix (NASDAQ:NFLX) opened at $278.14 on Thursday. The company has a market capitalization of $120,700.00, a price-to-earnings ratio of 194.50, a PEG ratio of 3.86 and a beta of 1.04. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.81. 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 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. The business had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Netflix had a return on equity of 17.20% and a net margin of 4.78%. Netflix’s revenue was up 32.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.15 earnings per share. research analysts expect that Netflix will post 2.73 EPS for the current year.

In related news, CFO David B. Wells sold 1,000 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $195.69, for a total transaction of $195,690.00. Following the transaction, the chief financial officer now directly owns 662 shares in the company, valued at $129,546.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard N. Barton sold 350 shares of the business’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $185.71, for a total value of $64,998.50. Following the transaction, the director now owns 7,171 shares in the company, valued at $1,331,726.41. The disclosure for this sale can be found here. Insiders have sold 458,247 shares of company stock worth $111,056,137 over the last 90 days. Corporate insiders own 4.90% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. boosted its holdings in Netflix by 4.1% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 46,013 shares of the Internet television network’s stock valued at $8,833,000 after purchasing an additional 1,801 shares in the last quarter. Certified Advisory Corp acquired a new stake in Netflix during the fourth quarter valued at approximately $378,000. Wagner Wealth Management LLC acquired a new stake in Netflix during the fourth quarter valued at approximately $125,000. D.B. Root & Company LLC acquired a new stake in Netflix during the fourth quarter valued at approximately $994,000. Finally, Xact Kapitalforvaltning AB boosted its holdings in Netflix by 9.4% during the fourth quarter. Xact Kapitalforvaltning AB now owns 76,669 shares of the Internet television network’s stock valued at $14,717,000 after purchasing an additional 6,602 shares in the last quarter. Hedge funds and other institutional investors own 82.23% 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.

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