Netflix (NFLX) Rating Lowered to Sell at Vetr

Netflix (NASDAQ:NFLX) was downgraded by equities research analysts at Vetr from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday. They currently have a $303.70 price target on the Internet television network’s stock. Vetr‘s price target would indicate a potential downside of 9.63% from the stock’s previous close.

NFLX has been the subject of a number of other reports. Cowen reaffirmed a “buy” rating and issued a $325.00 price target (up from $275.00) on shares of Netflix in a report on Wednesday, April 11th. Wedbush set a $110.00 price target on Netflix and gave the company a “sell” rating in a report on Thursday, April 12th. Piper Jaffray lifted their price target on Netflix from $360.00 to $367.00 in a report on Tuesday. Loop Capital lifted their price target on Netflix from $325.00 to $330.00 in a report on Tuesday. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $350.00 price target (up from $280.00) on shares of Netflix in a report on Tuesday. Four equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $293.44.

How to Become a New Pot Stock Millionaire

Shares of NASDAQ NFLX opened at $336.06 on Wednesday. The firm has a market cap of $135,240.03, a price-to-earnings ratio of 268.85, a P/E/G ratio of 4.27 and a beta of 0.99. Netflix has a 52-week low of $138.66 and a 52-week high of $338.62. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.40 and a quick ratio of 1.40.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, April 16th. The Internet television network reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.01. The company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The business’s revenue was up 40.3% on a year-over-year basis. During the same period last year, the business earned $0.40 earnings per share. sell-side analysts predict that Netflix will post 2.74 earnings per share for the current year.

In related news, CEO Reed Hastings sold 75,369 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $225.52, for a total value of $16,997,216.88. Following the completion of the transaction, the chief executive officer now directly owns 75,369 shares in the company, valued at approximately $16,997,216.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director A George Battle sold 10,716 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $258.49, for a total value of $2,769,978.84. Following the completion of the transaction, the director now owns 2,575 shares of the company’s stock, valued at $665,611.75. The disclosure for this sale can be found here. Insiders sold a total of 442,200 shares of company stock valued at $119,779,880 over the last quarter. 4.90% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. James Hambro & Partners bought a new stake in Netflix in the 4th quarter valued at approximately $106,000. Duncker Streett & Co. Inc. lifted its stake in Netflix by 47.1% in the 4th quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock valued at $120,000 after acquiring an additional 200 shares in the last quarter. Wagner Wealth Management LLC bought a new stake in Netflix in the 4th quarter valued at approximately $125,000. Crewe Advisors LLC bought a new stake in Netflix in the 4th quarter valued at approximately $149,000. Finally, Goodman Financial Corp bought a new stake in Netflix in the 4th quarter valued at approximately $163,000. Hedge funds and other institutional investors own 81.65% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This article was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this article on another domain, it was stolen and republished in violation of U.S. & international copyright and trademark laws. The original version of this article can be accessed at https://www.dispatchtribunal.com/2018/04/18/netflix-nflx-rating-lowered-to-sell-at-vetr.html.

About Netflix

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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