Trade Report: Today, Netflix Inc. (NFLX) gets Hold status at Vetr Inc.

Today, Netflix Inc. (NFLX) gets Hold status at Vetr Inc.

Vetr downgraded shares of Netflix Inc. (NASDAQ:NFLX) from a buy rating to a hold rating in a research note issued to investors on Monday. The brokerage currently has $105.11 price target on the Internet television network’s stock.

Other research analysts also recently issued reports about the company. Royal Bank Of Canada reiterated an outperform rating and issued a $140.00 price target on shares of Netflix in a report on Tuesday, June 28th. Jefferies Group restated an underperform rating and set a $76.00 target price (down from $80.00) on shares of Netflix in a research note on Sunday, July 17th. Wedbush restated an underperform rating and set a $50.00 target price (up from $45.00) on shares of Netflix in a research note on Sunday, July 17th. SunTrust Banks Inc. restated a hold rating on shares of Netflix in a research note on Sunday, July 17th. Finally, BTIG Research restated a buy rating and set a $130.00 target price (down from $150.00) on shares of Netflix in a research note on Sunday, July 17th. Seven equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $115.35.

Netflix (NASDAQ:NFLX) opened at 99.80 on Monday. The company has a market cap of $42.79 billion, a P/E ratio of 311.88 and a beta of 1.14. The firm has a 50-day moving average price of $98.99 and a 200-day moving average price of $96.28. Netflix has a 12-month low of $79.95 and a 12-month high of $133.27.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, October 17th. The Internet television network reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.06. Netflix had a return on equity of 5.59% and a net margin of 1.85%. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period last year, the business posted $0.07 EPS. The business’s revenue was up 31.7% compared to the same quarter last year. On average, analysts forecast that Netflix will post $0.28 earnings per share for the current fiscal year.

In other Netflix news, Director Richard N. Barton sold 2,800 shares of the business’s stock in a transaction on Thursday, October 6th. The shares were sold at an average price of $104.27, for a total value of $291,956.00. Following the transaction, the director now owns 15,254 shares in the company, valued at approximately $1,590,534.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Reed Hastings sold 116,431 shares of the business’s stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $86.59, for a total transaction of $10,081,760.29. Following the completion of the transaction, the chief executive officer now owns 116,431 shares in the company, valued at approximately $10,081,760.29. The disclosure for this sale can be found here. 4.90% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of NFLX. Fulton Bank N.A. raised its position in shares of Netflix by 0.3% in the third quarter. Fulton Bank N.A. now owns 4,450 shares of the Internet television network’s stock worth $439,000 after buying an additional 12 shares in the last quarter. Concorde Asset Management LLC raised its position in shares of Netflix by 0.5% in the second quarter. Concorde Asset Management LLC now owns 4,205 shares of the Internet television network’s stock worth $385,000 after buying an additional 20 shares in the last quarter. Coconut Grove Bank raised its position in shares of Netflix by 1.7% in the second quarter. Coconut Grove Bank now owns 1,526 shares of the Internet television network’s stock worth $140,000 after buying an additional 26 shares in the last quarter. Conning Inc. raised its position in shares of Netflix by 0.3% in the second quarter. Conning Inc. now owns 10,915 shares of the Internet television network’s stock worth $999,000 after buying an additional 30 shares in the last quarter. Finally, Mycio Wealth Partners LLC raised its position in shares of Netflix by 1.5% in the second quarter. Mycio Wealth Partners LLC now owns 2,348 shares of the Internet television network’s stock worth $215,000 after buying an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 78.41% of the company’s stock.

Netflix Company Profile

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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