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.
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.
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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.
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