Vetr downgraded shares of Netflix (NASDAQ:NFLX) from a buy rating to a hold rating in a research note released on Monday. Vetr currently has $229.01 price target on the Internet television network’s stock.

Other analysts have also issued reports about the stock. Bank of America raised their price objective on shares of Netflix from $199.00 to $225.00 in a research note on Tuesday, October 17th. Buckingham Research initiated coverage on shares of Netflix in a research note on Thursday, September 21st. They set a buy rating and a $214.00 price objective for the company. UBS Group restated a buy rating and set a $225.00 price objective (up from $190.00) on shares of Netflix in a research note on Wednesday, October 4th. Piper Jaffray Companies restated a buy rating and set a $215.00 price objective on shares of Netflix in a research note on Monday, September 18th. Finally, Sanford C. Bernstein set a $203.00 price objective on shares of Netflix and gave the company a buy rating in a research note on Monday, September 18th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirty-six have issued a buy rating to the stock. Netflix currently has a consensus rating of Buy and a consensus price target of $212.11.

Shares of Netflix (NASDAQ:NFLX) opened at $217.50 on Monday. The firm has a market cap of $94,120.00, a PE ratio of 219.70, a price-to-earnings-growth ratio of 3.59 and a beta of 1.34. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.20 and a current ratio of 1.20. Netflix has a 12 month low of $131.06 and a 12 month high of $226.07.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.97 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. The firm’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.12 earnings per share. equities research analysts predict that Netflix will post 1.25 earnings per share for the current year.

In other Netflix news, CFO David B. Wells sold 1,000 shares of Netflix stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $195.84, for a total transaction of $195,840.00. Following the transaction, the chief financial officer now owns 1,000 shares of the company’s stock, valued at $195,840. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Reed Hastings sold 83,335 shares of Netflix stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $192.79, for a total transaction of $16,066,154.65. Following the transaction, the chief executive officer now directly owns 83,335 shares in the company, valued at approximately $16,066,154.65. The disclosure for this sale can be found here. Insiders have sold 341,551 shares of company stock worth $66,457,350 in the last ninety days. Insiders own 4.90% of the company’s stock.

A number of large investors have recently modified their holdings of NFLX. Tower Research Capital LLC TRC purchased a new position in shares of Netflix in the second quarter worth $1,045,000. Lincoln National Corp lifted its holdings in shares of Netflix by 7.0% in the third quarter. Lincoln National Corp now owns 4,094 shares of the Internet television network’s stock worth $742,000 after buying an additional 268 shares in the last quarter. BB&T Corp lifted its holdings in shares of Netflix by 20.0% in the third quarter. BB&T Corp now owns 3,857 shares of the Internet television network’s stock worth $700,000 after buying an additional 642 shares in the last quarter. Mizuho Securities USA LLC purchased a new position in shares of Netflix in the third quarter worth $9,793,000. Finally, AGF Investments Inc. purchased a new position in shares of Netflix in the third quarter worth $60,036,000. 83.27% of the stock is currently owned by institutional investors and hedge funds.

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About Netflix

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.

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