Netflix Inc. (NASDAQ:NFLX) was upgraded by stock analysts at Vetr from a “hold” rating to a “buy” rating in a report released on Tuesday. The firm currently has a $102.90 price objective on the Internet television network’s stock. Vetr‘s target price would indicate a potential upside of 4.94% from the company’s previous close.

Several other research analysts have also commented on the company. Jefferies Group reissued a “hold” rating and issued a $120.00 price objective on shares of Netflix in a research report on Monday, July 11th. Cantor Fitzgerald reissued a “buy” rating on shares of Netflix in a research report on Sunday, August 14th. FBR & Co reaffirmed a “market perform” rating and set a $90.00 target price (down from $104.00) on shares of Netflix in a research report on Sunday, July 17th. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $122.00 target price on shares of Netflix in a research report on Tuesday, July 12th. Finally, MKM Partners dropped their target price on Netflix from $145.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, July 20th. Seven analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $110.46.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

Shares of Netflix (NASDAQ:NFLX) opened at 98.06 on Tuesday. The firm has a market capitalization of $42.04 billion, a price-to-earnings ratio of 306.44 and a beta of 1.71. Netflix has a 52 week low of $79.95 and a 52 week high of $133.27. The stock has a 50 day moving average price of $96.47 and a 200-day moving average price of $96.23.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, July 18th. The Internet television network reported $0.09 EPS for the quarter, beating the consensus estimate of $0.02 by $0.07. Netflix had a return on equity of 5.59% and a net margin of 1.85%. The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period last year, the company posted $0.06 earnings per share. The firm’s revenue was up 19.5% compared to the same quarter last year. On average, analysts anticipate that Netflix will post $0.29 EPS for the current year.

In related news, Director Richard N. Barton sold 1,400 shares of the stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $97.86, for a total value of $137,004.00. Following the completion of the transaction, the director now owns 15,562 shares of the company’s stock, valued at $1,522,897.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard N. Barton sold 700 shares of the stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $95.00, for a total transaction of $66,500.00. Following the completion of the transaction, the director now directly owns 15,562 shares of the company’s stock, valued at approximately $1,478,390. The disclosure for this sale can be found here. 4.90% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of NFLX. Adage Capital Partners GP L.L.C. raised its position in Netflix by 69.9% in the first quarter. Adage Capital Partners GP L.L.C. now owns 645,960 shares of the Internet television network’s stock valued at $66,036,000 after buying an additional 265,678 shares during the period. Scopia Capital Management LP raised its position in Netflix by 55.2% in the first quarter. Scopia Capital Management LP now owns 1,846,398 shares of the Internet television network’s stock valued at $188,757,000 after buying an additional 656,585 shares during the period. Natixis acquired a new position in Netflix during the first quarter valued at about $47,023,000. Private Capital Management Inc. acquired a new position in Netflix during the second quarter valued at about $631,000. Finally, Allen Investment Management LLC raised its position in Netflix by 2.6% in the first quarter. Allen Investment Management LLC now owns 30,941 shares of the Internet television network’s stock valued at $3,163,000 after buying an additional 778 shares during the period. 78.43% of the stock is owned by hedge funds and other institutional investors.

About Netflix

Netflix, Inc (Netflix) is a provider of Internet television network. The Company’s members can watch original series, documentaries and feature films in Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content.

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