Netflix, Inc. (NASDAQ:NFLX) was downgraded by research analysts at Vetr from a “hold” rating to a “sell” rating in a report issued on Monday. They currently have a $137.95 target price on the Internet television network’s stock. Vetr‘s price target would indicate a potential downside of 3.44% from the company’s previous close.

A number of other analysts have also commented on NFLX. Needham & Company LLC raised Netflix from a “sell” rating to a “hold” rating and raised their price target for the stock from $95.00 to $135.00 in a research note on Thursday, March 16th. Sanford C. Bernstein assumed coverage on Netflix in a research note on Thursday, March 16th. They issued an “outperform” rating and a $178.00 price target for the company. Zacks Investment Research lowered Netflix from a “buy” rating to a “hold” rating in a research report on Wednesday, March 15th. Jefferies Group LLC upgraded Netflix from an “underperform” rating to a “hold” rating and raised their price target for the company from $95.00 to $135.00 in a report on Wednesday, March 15th. Finally, MKM Partners restated a “buy” rating and set a $175.00 price target on shares of Netflix in a report on Tuesday, March 14th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-six have assigned a buy rating to the company. Netflix has a consensus rating of “Buy” and an average target price of $145.80.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

Netflix (NASDAQ:NFLX) opened at 142.87 on Monday. Netflix has a 12 month low of $84.50 and a 12 month high of $148.29. The firm has a market capitalization of $61.49 billion, a price-to-earnings ratio of 332.26 and a beta of 1.27. The stock’s 50 day moving average is $143.55 and its 200-day moving average is $130.98.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, April 17th. The Internet television network reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. The firm earned $2.64 billion during the quarter, compared to analyst estimates of $2.64 billion. Netflix had a return on equity of 7.51% and a net margin of 2.11%. The business’s quarterly revenue was up 34.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.06 earnings per share. Equities analysts anticipate that Netflix will post $1.11 earnings per share for the current fiscal year.

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In related news, Director Richard N. Barton sold 1,000 shares of the business’s stock in a transaction dated Tuesday, April 18th. The stock was sold at an average price of $147.39, for a total value of $147,390.00. Following the transaction, the director now owns 8,012 shares in the company, valued at approximately $1,180,888.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Reed Hastings sold 91,994 shares of the business’s stock in a transaction dated Thursday, April 20th. The shares were sold at an average price of $140.97, for a total value of $12,968,394.18. Following the completion of the transaction, the chief executive officer now owns 91,994 shares in the company, valued at approximately $12,968,394.18. The disclosure for this sale can be found here. Insiders sold a total of 328,275 shares of company stock valued at $47,015,555 over the last three months. Company insiders own 4.90% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in NFLX. Patriot Financial Group Insurance Agency LLC acquired a new position in Netflix during the fourth quarter valued at about $114,000. Intellectus Partners LLC acquired a new position in Netflix during the fourth quarter valued at about $117,000. CENTRAL TRUST Co boosted its position in Netflix by 408.4% in the first quarter. CENTRAL TRUST Co now owns 849 shares of the Internet television network’s stock valued at $125,000 after buying an additional 682 shares during the last quarter. Quadrant Capital Group LLC boosted its position in Netflix by 3.6% in the third quarter. Quadrant Capital Group LLC now owns 1,528 shares of the Internet television network’s stock valued at $139,000 after buying an additional 53 shares during the last quarter. Finally, Cornerstone Advisors Inc. boosted its position in Netflix by 49.7% in the third quarter. Cornerstone Advisors Inc. now owns 1,674 shares of the Internet television network’s stock valued at $165,000 after buying an additional 556 shares during the last quarter. Institutional investors own 80.42% of the company’s stock.

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.

5 Day Chart for NASDAQ:NFLX

To view Vetr’s full report, visit Vetr’s official website.

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