Netflix (NASDAQ:NFLX) was downgraded by Vetr from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, January 3rd. They currently have a $212.86 price objective on the Internet television network’s stock. Vetr‘s price objective indicates a potential downside of 24.17% from the company’s previous close.

NFLX has been the subject of a number of other reports. Loop Capital raised their price target on shares of Netflix from $237.00 to $241.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Macquarie upgraded shares of Netflix from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $200.00 to $220.00 in a research note on Tuesday, January 2nd. Zacks Investment Research upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $213.00 target price on the stock in a research note on Tuesday, December 19th. Evercore ISI began coverage on Netflix in a report on Wednesday, December 6th. They issued an “in-line” rating and a $210.00 price target for the company. Finally, Monness Crespi & Hardt began coverage on Netflix in a report on Monday, December 4th. They issued a “buy” rating and a $250.00 price target for the company. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirty-five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $236.86.

Shares of Netflix (NASDAQ:NFLX) traded down $3.90 during mid-day trading on Wednesday, reaching $280.69. 7,507,372 shares of the company’s stock were exchanged, compared to its average volume of 9,290,000. The stock has a market capitalization of $121,620.00, a PE ratio of 224.55, a P/E/G ratio of 3.85 and a beta of 1.34. The company has a current ratio of 1.40, a quick ratio of 1.20 and a debt-to-equity ratio of 1.81. Netflix has a twelve month low of $138.26 and a twelve month high of $286.81.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.41. The company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.28 billion. Netflix had a net margin of 4.78% and a return on equity of 17.20%. Netflix’s revenue was up 32.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 earnings per share. sell-side analysts predict that Netflix will post 2.67 earnings per share for the current year.

In related news, Director Richard N. Barton sold 350 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $185.71, for a total transaction of $64,998.50. Following the sale, the director now directly owns 7,171 shares in the company, valued at approximately $1,331,726.41. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jonathan Friedland sold 2,743 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $205.59, for a total value of $563,933.37. Following the sale, the insider now owns 1,147 shares in the company, valued at $235,811.73. The disclosure for this sale can be found here. Insiders sold a total of 281,120 shares of company stock worth $57,570,255 over the last ninety days. Corporate insiders own 4.90% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC grew its position in shares of Netflix by 0.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock valued at $229,000 after acquiring an additional 10 shares during the period. Kalos Management Inc. boosted its stake in shares of Netflix by 0.7% during the 2nd quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock valued at $242,000 after purchasing an additional 12 shares in the last quarter. Laurel Wealth Advisors Inc. boosted its stake in shares of Netflix by 1.6% during the 2nd quarter. Laurel Wealth Advisors Inc. now owns 3,452 shares of the Internet television network’s stock valued at $515,000 after purchasing an additional 53 shares in the last quarter. Sii Investments Inc. WI boosted its stake in shares of Netflix by 2.1% during the 2nd quarter. Sii Investments Inc. WI now owns 3,075 shares of the Internet television network’s stock valued at $460,000 after purchasing an additional 64 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in shares of Netflix by 2.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 3,103 shares of the Internet television network’s stock valued at $464,000 after purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds own 83.30% 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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