Vetr downgraded shares of Netflix (NASDAQ:NFLX) from a buy rating to a hold rating in a research note issued to investors on Tuesday. The brokerage currently has $265.73 target price on the Internet television network’s stock.

Other equities analysts have also issued research reports about the company. Bank of America increased their target price on Netflix from $199.00 to $225.00 in a research note on Tuesday, October 17th. UBS Group reissued a buy rating and set a $237.00 target price (up previously from $225.00) on shares of Netflix in a research note on Tuesday, October 17th. Loop Capital increased their target price on Netflix from $228.00 to $242.00 and gave the stock a buy rating in a research note on Tuesday, October 17th. FBR & Co reissued a buy rating and set a $207.00 target price (up previously from $172.00) on shares of Netflix in a research note on Tuesday, October 17th. Finally, Pivotal Research increased their target price on Netflix from $200.00 to $270.00 and gave the stock a buy rating in a research note on Tuesday, October 17th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $237.49.

Netflix (NFLX) opened at $258.27 on Tuesday. Netflix has a 12 month low of $138.26 and a 12 month high of $286.81. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $112,080.00, a PE ratio of 206.62, a P/E/G ratio of 3.48 and a beta of 1.04.

Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The firm had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the prior year, the company earned $0.15 EPS. Netflix’s revenue was up 32.6% on a year-over-year basis. analysts forecast that Netflix will post 2.69 earnings per share for the current year.

In other news, CEO Reed Hastings sold 75,243 shares of Netflix stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $196.25, for a total value of $14,766,438.75. Following the completion of the sale, the chief executive officer now owns 75,243 shares of the company’s stock, valued at $14,766,438.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Theodore A. Sarandos sold 163,747 shares of Netflix stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $262.91, for a total value of $43,050,723.77. Following the completion of the sale, the insider now directly owns 23,953 shares of the company’s stock, valued at approximately $6,297,483.23. The disclosure for this sale can be found here. Insiders have sold 459,885 shares of company stock valued at $105,163,627 in the last three months. 4.90% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the company. Balentine LLC grew its position in shares of Netflix by 1,020.4% in the third quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock valued at $100,000 after purchasing an additional 500 shares during the period. James Hambro & Partners purchased a new stake in shares of Netflix in the fourth quarter valued at $106,000. Duncker Streett & Co. Inc. grew its position in shares of Netflix by 47.1% in the fourth quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock valued at $120,000 after purchasing an additional 200 shares during the period. Crewe Advisors LLC purchased a new stake in shares of Netflix in the fourth quarter valued at $149,000. Finally, Goodman Financial Corp purchased a new stake in shares of Netflix in the fourth quarter valued at $163,000. 82.38% of the stock is owned by institutional investors and hedge funds.

WARNING: “Netflix (NFLX) Downgraded by Vetr” was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this piece on another site, it was copied illegally and republished in violation of US & international copyright & trademark law. The correct version of this piece can be accessed at https://www.watchlistnews.com/netflix-nflx-downgraded-by-vetr/1864890.html.

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)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.