Vetr Inc. Downgrades Netflix, Inc. (NASDAQ:NFLX) to Hold

Cornelia Mascio
Luglio 17, 2017

Clean Yield Group acquired a new stake in shares of Netflix during the first quarter worth $103,000. (NASDAQ:NFLX) from a buy rating to a hold rating in a research note released on Saturday, June 17th. Another trade for 1,078 shares valued at $174,636 was sold by KILGORE LESLIE J. Intact Investment Management Inc. boosted its stake in Netflix by 25.0% in the fourth quarter. The firm now has a "buy" rating on the Internet television network's stock. Finally, Mitsubishi UFJ Securities Holdings Co. Harfst & Associates Inc. purchased a new stake in shares of Netflix during the first quarter worth approximately $109,000. Mn Services Vermogensbeheer B.V. now owns 70,112 shares of the Internet television network's stock valued at $10,475,000 after buying an additional 58,661 shares during the last quarter. Perhaps, that suggests something about why 83.83% of the outstanding share supply is held by institutional investors. Vanguard Group Inc is the second biggest holder with 27 million shares now valued at 4.01 B million whilst Growth Fund of America Inc has 23 million shares valued at 2.74 B million. (NASDAQ:NFLX) on Monday, May 1. The company has a 50-day moving average of $157.80 and a 200-day moving average of $144.87. Netflix, Inc. (NASDAQ:NFLX) shares have been recently spotted -3.45% away from the 52-week high, and 90.67% away from the 52-week low mark. The firm has a market cap of $69.44 billion, a P/E ratio of 208.43 and a beta of 0.99.

In terms of penetration, Netflix is available in 40% of Wi-Fi-equipped households, with YouTube running in second place with about 30% penetration.

Last quarter, Netflix said it would spend over $1 billion in 2017 on marketing costs alone, projecting that the company would have negative free cash flow for "many years" as it invests in original content, including an estimated $2 billion in negative free cash flow this year. The business had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $2.64 billion. Netflix had a net margin of 3.55% and a return on equity of 12.73%. The business's revenue was up 34.7% compared to the same quarter previous year. They expect $0.60 EPS, up 9.09% or $0.05 from last year's $0.55 per share. On average, analysts forecast that Netflix will post $1.05 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This story was first reported by Community Financial News and is owned by of Community Financial News. If you are reading this story on another publication, it was stolen and republished in violation of United States and worldwide copyright & trademark legislation. It increased, as 55 investors sold Netflix, Inc. shares while 228 reduced holdings. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold".

Instinet analyst Anthony DiClemente raised his 12-month price target on Netflix $175 from $165 ahead of the streamer's second-quarter earnings release after the bell on Monday. MKM Partners reaffirmed a "buy" rating and set a $195.00 price target on shares of Netflix in a research report on Monday, July 10th. BidaskClub raised Netflix from a "hold" rating to a "buy" rating in a research report on Sunday. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Netflix in a research report on Tuesday, April 18th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-nine have given a buy rating to the company. The stock now has a consensus rating of "Buy" and a consensus price target of $151.47.

In other news, insider Gregory K. Peters sold 6,853 shares of the firm's stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $145.38, for a total transaction of $290,760.00. Following the transaction, the chief executive officer now directly owns 91,994 shares in the company, valued at $12,968,394.18. The stock has been active on the tape, now trading at $161.12, up from yesterday's close by 1.84%. "Similarly, the company's CEO HASTINGS REED on 2017-06-20 Sell 115577 shares of the company at a price of $152.63". Following the completion of the sale, the director now directly owns 8,012 shares in the company, valued at $1,254,839.44.

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