Vetr upgraded shares of Netflix, Inc. (NASDAQ:NFLX) from a strong sell rating to a sell rating in a research report report published on Thursday. Vetr currently has $163.64 target price on the Internet television network’s stock.

NFLX has been the topic of several other reports. Instinet reiterated a buy rating on shares of Netflix in a research report on Friday, June 2nd. Canaccord Genuity lifted their target price on shares of Netflix from $165.00 to $175.00 and gave the company a buy rating in a research report on Friday, June 16th. Bank of America Corporation reiterated a buy rating and set a $184.00 target price (up from $154.00) on shares of Netflix in a research report on Tuesday, April 18th. Pacific Crest reiterated an overweight rating and set a $170.00 target price on shares of Netflix in a research report on Friday, April 7th. Finally, Morgan Stanley reiterated an overweight rating and set a $185.00 target price (up from $175.00) on shares of Netflix in a research report on Thursday, July 13th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-nine have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $174.36.

Shares of Netflix (NASDAQ:NFLX) traded down 1.28% during trading on Thursday, reaching $181.69. 3,316,559 shares of the company’s stock were exchanged. Netflix has a 52-week low of $90.50 and a 52-week high of $191.50. The company has a 50 day moving average price of $161.73 and a 200-day moving average price of $150.70. The company has a market capitalization of $78.44 billion, a PE ratio of 221.03 and a beta of 0.99.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.01. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same quarter last year, the firm posted $0.09 earnings per share. Netflix’s revenue was up 32.3% on a year-over-year basis. On average, equities analysts forecast that Netflix will post $1.17 earnings per share for the current year.

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In related news, Director Richard N. Barton sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $156.62, for a total transaction of $156,620.00. Following the transaction, the director now directly owns 8,012 shares of the company’s stock, valued at $1,254,839.44. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Reed Hastings sold 101,815 shares of the firm’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $157.13, for a total transaction of $15,998,190.95. Following the transaction, the chief executive officer now directly owns 101,815 shares in the company, valued at $15,998,190.95. The disclosure for this sale can be found here. Insiders sold 423,801 shares of company stock worth $70,183,121 over the last three months. Insiders own 4.90% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the company. Koshinski Asset Management Inc. raised its position in Netflix by 1,843.2% in the first quarter. Koshinski Asset Management Inc. now owns 3,595 shares of the Internet television network’s stock worth $531,000 after buying an additional 3,410 shares in the last quarter. Gulf International Bank UK Ltd raised its position in Netflix by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 133,527 shares of the Internet television network’s stock worth $19,736,000 after buying an additional 1,650 shares in the last quarter. Sheets Smith Wealth Management acquired a new position in Netflix during the first quarter worth approximately $471,000. Grubman Wealth Management acquired a new position in Netflix during the first quarter worth approximately $1,035,000. Finally, Raymond James Trust N.A. raised its position in Netflix by 57.0% in the first quarter. Raymond James Trust N.A. now owns 2,800 shares of the Internet television network’s stock worth $414,000 after buying an additional 1,017 shares in the last quarter. 82.57% of the stock is currently owned by institutional investors and hedge funds.

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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