Vetr upgraded shares of Netflix, Inc. (NASDAQ:NFLX) from a strong sell rating to a sell rating in a research note released on Monday morning. Vetr currently has $135.13 price objective on the Internet television network’s stock.

Several other equities research analysts have also commented on the stock. MKM Partners restated a buy rating and issued a $175.00 price target (up previously from $165.00) on shares of Netflix in a report on Tuesday, January 31st. William Blair restated an outperform rating on shares of Netflix in a report on Saturday, January 28th. Loop Capital restated a buy rating and issued a $159.00 price target on shares of Netflix in a report on Saturday, January 28th. Oppenheimer Holdings, Inc. reaffirmed an outperform rating and issued a $165.00 price objective (up previously from $134.00) on shares of Netflix in a research report on Tuesday, January 24th. Finally, RBC Capital Markets reaffirmed an outperform rating and issued a $175.00 price objective (up previously from $150.00) on shares of Netflix in a research report on Friday, January 20th. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have issued a buy rating to the stock. Netflix presently has an average rating of Hold and an average target price of $131.32.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

Netflix (NASDAQ:NFLX) opened at 142.01 on Monday. The company has a market capitalization of $61.12 billion, a P/E ratio of 330.26 and a beta of 1.27. The firm has a 50-day moving average of $136.88 and a 200 day moving average of $115.95. Netflix has a 52-week low of $84.50 and a 52-week high of $145.95.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Wednesday, January 18th. The Internet television network reported $0.15 EPS for the quarter, beating the consensus estimate of $0.13 by $0.02. Netflix had a net margin of 2.11% and a return on equity of 7.51%. The business earned $2.48 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same quarter in the previous year, the business posted $0.10 EPS. The company’s quarterly revenue was up 35.9% compared to the same quarter last year. Equities analysts predict that Netflix will post $1.12 earnings per share for the current fiscal year.

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In related news, Director Richard N. Barton sold 1,400 shares of the company’s stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $122.84, for a total value of $171,976.00. Following the completion of the sale, the director now owns 7,901 shares of the company’s stock, valued at $970,558.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tawni Cranz sold 2,170 shares of the company’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $144.23, for a total transaction of $312,979.10. Following the completion of the sale, the insider now directly owns 2,170 shares of the company’s stock, valued at approximately $312,979.10. The disclosure for this sale can be found here. Insiders sold 306,738 shares of company stock valued at $39,375,718 in the last three months. 4.90% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Intellectus Partners LLC bought a new position in shares of Netflix during the fourth quarter valued at $117,000. Quadrant Capital Group LLC raised its position in shares of 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 period. Integrated Wealth Management raised its position in shares of Netflix by 12.4% in the second quarter. Integrated Wealth Management now owns 1,804 shares of the Internet television network’s stock valued at $165,000 after buying an additional 199 shares during the period. Cornerstone Advisors Inc. raised its position in shares of 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 period. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Netflix during the third quarter valued at $173,000. 80.42% of the stock is owned by institutional investors.

About Netflix

Netflix Inc is an Internet television network with over 86 million members in over 190 countries enjoying more than 125 million hours of television (TV) shows and movies per day, including original series, documentaries and feature films. Members can watch as much as they want, anytime, anywhere, on nearly any Internet-connected screen.

5 Day Chart for NASDAQ:NFLX

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

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