Netflix, Inc. (NASDAQ:NFLX) – Research analysts at Wedbush raised their Q3 2017 earnings per share (EPS) estimates for Netflix in a report issued on Tuesday. Wedbush analyst M. Pachter now forecasts that the Internet television network will post earnings of $0.33 per share for the quarter, up from their prior estimate of $0.20. Wedbush has a “Underperform” rating and a $82.00 price objective on the stock. Wedbush also issued estimates for Netflix’s FY2017 earnings at $1.21 EPS.
A number of other brokerages have also weighed in on NFLX. Moffett Nathanson reiterated a “neutral” rating on shares of Netflix in a research report on Tuesday. Zacks Investment Research lowered Netflix from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Cantor Fitzgerald upped their price objective on Netflix from $165.00 to $190.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 6th. Sanford C. Bernstein restated a “buy” rating and issued a $178.00 price objective on shares of Netflix in a research report on Wednesday, May 31st. Finally, William Blair restated an “outperform” rating on shares of Netflix in a research report on Thursday, May 25th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $169.38.
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Netflix (NASDAQ NFLX) opened at 183.86 on Thursday. The company has a market cap of $79.32 billion, a P/E ratio of 223.67 and a beta of 0.98. The stock’s 50 day moving average is $157.45 and its 200 day moving average is $148.14. Netflix has a 1-year low of $85.01 and a 1-year high of $187.17. Netflix also was the target of unusually large options trading activity on Monday. Investors bought 105,623 call options on the company. This represents an increase of 271% compared to the average daily volume of 28,474 call options.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The business’s revenue was up 32.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.09 EPS.
In other news, CEO Reed Hastings sold 101,815 shares of the firm’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $157.13, for a total transaction of $15,998,190.95. Following the completion of the transaction, the chief executive officer now owns 101,815 shares of the company’s stock, valued at $15,998,190.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Leslie J. Kilgore sold 1,211 shares of the firm’s stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $147.38, for a total transaction of $178,477.18. Following the transaction, the director now directly owns 36,407 shares of the company’s stock, valued at approximately $5,365,663.66. The disclosure for this sale can be found here. In the last three months, insiders sold 343,728 shares of company stock valued at $53,858,193. 4.90% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the company. Lincoln Capital Corp bought a new stake in shares of Netflix during the fourth quarter valued at approximately $248,000. Perigon Wealth Management LLC raised its stake in shares of Netflix by 1.1% in the fourth quarter. Perigon Wealth Management LLC now owns 21,782 shares of the Internet television network’s stock valued at $3,031,000 after buying an additional 235 shares in the last quarter. M Holdings Securities Inc. bought a new stake in shares of Netflix during the fourth quarter valued at approximately $304,000. Kentucky Retirement Systems bought a new stake in shares of Netflix during the fourth quarter valued at approximately $3,855,000. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Netflix during the fourth quarter valued at approximately $1,720,000. Institutional investors and hedge funds own 82.77% of the company’s stock.
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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