Netflix, Inc. (NASDAQ:NFLX) was upgraded by investment analysts at Vetr from a “sell” rating to a “hold” rating in a research report issued on Thursday. The brokerage presently has a $165.75 price target on the Internet television network’s stock. Vetr‘s target price suggests a potential downside of 2.00% from the company’s current price.

Other research analysts have also issued reports about the company. Stifel Nicolaus boosted their target price on Netflix from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, April 18th. Guggenheim boosted their target price on Netflix from $160.00 to $173.00 and gave the stock a “buy” rating in a report on Tuesday, April 18th. Canaccord Genuity boosted their target price on Netflix from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, April 18th. Bank of America Corporation restated a “buy” rating and issued a $184.00 price target (up from $154.00) on shares of Netflix in a research note on Tuesday, April 18th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $170.00 price target on shares of Netflix in a research note on Friday, April 14th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-nine have assigned a buy rating to the company’s stock. Netflix presently has a consensus rating of “Buy” and a consensus target price of $174.79.

Shares of Netflix (NASDAQ:NFLX) traded down 3.78% on Thursday, reaching $169.14. The company had a trading volume of 9,693,057 shares. Netflix has a 52-week low of $93.26 and a 52-week high of $191.50. The company’s 50-day moving average price is $168.29 and its 200-day moving average price is $153.50. The firm has a market capitalization of $73.03 billion, a price-to-earnings ratio of 205.77 and a beta of 1.02.

Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The firm’s revenue was up 32.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 earnings per share. On average, analysts predict that Netflix will post $1.19 earnings per share for the current year.

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In other news, CEO Reed Hastings sold 109,214 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $188.61, for a total value of $20,598,852.54. Following the transaction, the chief executive officer now owns 109,214 shares in the company, valued at $20,598,852.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Neil D. Hunt sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $163.52, for a total value of $4,088,000.00. Following the completion of the transaction, the insider now owns 484,952 shares in the company, valued at approximately $79,299,351.04. The disclosure for this sale can be found here. Insiders sold 389,801 shares of company stock worth $64,889,201 in the last 90 days. Corporate insiders own 4.90% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of NFLX. Guardian Life Insurance Co. of America raised its position in Netflix by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock worth $245,000 after buying an additional 11 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Netflix by 2.0% in the first quarter. Teachers Advisors LLC now owns 1,300,531 shares of the Internet television network’s stock worth $192,231,000 after buying an additional 25,266 shares during the last quarter. Banco Santander S.A. acquired a new stake in shares of Netflix during the first quarter worth approximately $43,264,000. Bronfman E.L. Rothschild L.P. increased its stake in shares of Netflix by 0.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,134 shares of the Internet television network’s stock worth $168,000 after buying an additional 9 shares during the last quarter. Finally, Twin Capital Management Inc. increased its stake in shares of Netflix by 0.8% in the first quarter. Twin Capital Management Inc. now owns 16,900 shares of the Internet television network’s stock worth $2,498,000 after buying an additional 130 shares during the last quarter. Institutional investors own 82.78% 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.

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

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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