Netflix (NFLX) Upgraded to “Buy” at Vetr
Vetr upgraded shares of Netflix (NASDAQ:NFLX) from a hold rating to a buy rating in a research note issued to investors on Monday morning. They currently have $260.52 target price on the Internet television network’s stock.
A number of other analysts have also issued reports on NFLX. Aegis started coverage on shares of Netflix in a research note on Monday, October 16th. They set a hold rating and a $200.00 target price for the company. Rosenblatt Securities reissued a buy rating and set a $225.00 target price on shares of Netflix in a research note on Monday, October 16th. Jefferies Group set a $190.00 target price on shares of Netflix and gave the company a neutral rating in a research note on Tuesday, October 17th. Wedbush set a $93.00 target price on shares of Netflix and gave the company a sell rating in a research note on Tuesday, October 17th. Finally, FBR & Co reaffirmed a buy rating and issued a $207.00 price objective (up from $172.00) on shares of Netflix in a research note on Tuesday, October 17th. Three research 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 issued a strong buy rating to the company’s stock. Netflix has an average rating of Buy and a consensus target price of $239.39.
Shares of Netflix (NFLX) opened at $266.00 on Monday. The stock has a market cap of $115,430.00, a price-to-earnings ratio of 212.80, a PEG ratio of 3.60 and a beta of 1.04. Netflix has a one year low of $138.26 and a one year high of $286.81. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.40 and a current ratio of 1.40.
In related news, CEO Reed Hastings sold 75,243 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $196.25, for a total value of $14,766,438.75. Following the transaction, the chief executive officer now owns 75,243 shares in the company, valued at approximately $14,766,438.75. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO David B. Wells sold 1,000 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $193.30, for a total transaction of $193,300.00. Following the completion of the transaction, the chief financial officer now owns 1,000 shares in the company, valued at approximately $193,300. The disclosure for this sale can be found here. In the last quarter, insiders sold 469,901 shares of company stock worth $107,797,603. 4.90% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of NFLX. Ark Investment Management LLC increased its holdings in Netflix by 37.4% in the 2nd quarter. Ark Investment Management LLC now owns 62,715 shares of the Internet television network’s stock worth $9,370,000 after buying an additional 17,064 shares during the period. Numeric Investors LLC acquired a new position in Netflix in the 2nd quarter worth approximately $433,000. Macquarie Group Ltd. increased its holdings in Netflix by 2.2% in the 2nd quarter. Macquarie Group Ltd. now owns 40,258 shares of the Internet television network’s stock worth $6,015,000 after buying an additional 882 shares during the period. Sterling Capital Management LLC acquired a new position in Netflix in the 2nd quarter worth approximately $254,000. Finally, WINTON GROUP Ltd acquired a new position in Netflix in the 2nd quarter worth approximately $787,000. Institutional investors own 82.38% of the company’s stock.
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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.
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