Netflix Inc. (NASDAQ:NFLX) – Investment analysts at FBR & Co reduced their Q4 2016 earnings estimates for shares of Netflix in a research report issued to clients and investors on Wednesday. FBR & Co analyst B. Crockett now forecasts that the brokerage will post earnings of $0.08 per share for the quarter, down from their previous forecast of $0.09. FBR & Co has a “Market Perform” rating and a $90.00 price objective on the stock. FBR & Co also issued estimates for Netflix’s FY2017 earnings at $1.28 EPS, FY2018 earnings at $2.35 EPS and FY2019 earnings at $3.33 EPS.
A number of other equities research analysts also recently commented on the company. Zacks Investment Research upgraded Netflix from a “hold” rating to a “buy” rating and set a $105.00 target price on the stock in a research report on Tuesday, June 21st. Nomura reissued a “buy” rating and set a $115.00 price objective (down from $125.00) on shares of Netflix in a research note on Monday, June 20th. Vetr cut Netflix from a “strong-buy” rating to a “buy” rating and set a $106.59 price objective on the stock. in a research note on Thursday, June 16th. Pacific Crest reaffirmed a “buy” rating and set a $130.00 target price on shares of Netflix in a research note on Wednesday, June 22nd. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $140.00 target price on shares of Netflix in a research note on Thursday, June 23rd. Seven equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. Netflix currently has an average rating of “Hold” and an average price target of $110.97.
Shares of Netflix (NASDAQ:NFLX) opened at 104.82 on Thursday. Netflix has a 12-month low of $79.95 and a 12-month high of $133.27. The firm has a 50-day moving average price of $98.20 and a 200 day moving average price of $96.33. The stock has a market cap of $44.94 billion, a PE ratio of 327.56 and a beta of 1.14.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, July 18th. The Internet television network reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.07. Netflix had a return on equity of 5.59% and a net margin of 1.85%. The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period last year, the company earned $0.06 EPS. Netflix’s revenue for the quarter was up 19.5% compared to the same quarter last year.
In other news, Director Richard N. Barton sold 1,400 shares of the business’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $100.00, for a total value of $140,000.00. Following the completion of the sale, the director now directly owns 16,262 shares in the company, valued at $1,626,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard N. Barton sold 2,800 shares of the business’s stock in a transaction on Thursday, October 6th. The stock was sold at an average price of $104.27, for a total transaction of $291,956.00. Following the completion of the sale, the director now owns 15,254 shares of the company’s stock, valued at $1,590,534.58. The disclosure for this sale can be found here. 4.90% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of NFLX. Foundry Partners LLC raised its position in shares of Netflix by 7.2% in the third quarter. Foundry Partners LLC now owns 9,631 shares of the Internet television network’s stock worth $949,000 after buying an additional 646 shares during the period. Fulton Bank N.A. raised its stake 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 valued at $439,000 after buying an additional 12 shares during the period. Eqis Capital Management Inc. raised its stake in shares of Netflix by 5.2% in the third quarter. Eqis Capital Management Inc. now owns 27,694 shares of the Internet television network’s stock valued at $2,729,000 after buying an additional 1,380 shares during the period. Macquarie Group Ltd. raised its stake in shares of Netflix by 34.9% in the second quarter. Macquarie Group Ltd. now owns 115,690 shares of the Internet television network’s stock valued at $10,583,000 after buying an additional 29,915 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Netflix during the second quarter valued at about $1,582,000. Institutional investors and hedge funds own 78.43% of the company’s stock.
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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