Netflix Inc. (NASDAQ:NFLX) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.13 for the period, compared to the Thomson Reuters consensus estimate of $0.08.
A number of research firms recently weighed in on NFLX. FBR & Co restated a market perform rating and set a $90.00 price target on shares of Netflix in a research report on Wednesday, October 5th. Deutsche Bank AG began coverage on shares of Netflix in a research report on Monday, October 10th. They set a sell rating and a $90.00 price target on the stock. They noted that the move was a valuation call. Raymond James Financial Inc. set a $120.00 price target on shares of Netflix and gave the stock a buy rating in a research report on Monday, October 10th. Vetr lowered shares of Netflix from a buy rating to a hold rating and set a $105.94 price target on the stock. in a research report on Monday, October 3rd. Finally, Robert W. Baird restated a neutral rating and set a $94.00 price target on shares of Netflix in a research report on Tuesday, October 4th. Eight equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-eight have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $109.91.
Shares of Netflix Inc. (NASDAQ:NFLX) opened at 99.80 on Tuesday. The company has a market cap of $42.79 billion, a price-to-earnings ratio of 311.88 and a beta of 1.14. The company has a 50 day moving average of $98.99 and a 200-day moving average of $96.28. Netflix Inc. has a 52 week low of $79.95 and a 52 week high of $133.27.
Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, October 17th. The Internet television network reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. Netflix had a return on equity of 5.59% and a net margin of 1.85%. The firm’s quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.07 EPS. On average, equities research analysts expect that Netflix Inc. will post $0.28 earnings per share for the current fiscal year.
In other Netflix news, Director Jay C. Hoag bought 300,000 shares of the company’s stock in a transaction dated Tuesday, August 9th. The shares were bought at an average price of $94.31 per share, for a total transaction of $28,293,000.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jay C. Hoag acquired 600,000 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The stock was purchased at an average price of $86.43 per share, for a total transaction of $51,858,000.00. The disclosure for this purchase can be found here. 4.90% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. increased its position in Netflix by 25.6% in the second quarter. Cornerstone Advisors Inc. now owns 1,118 shares of the Internet television network’s stock worth $102,000 after buying an additional 228 shares in the last quarter. Krilogy Financial LLC increased its position in Netflix by 12.9% in the second quarter. Krilogy Financial LLC now owns 1,921 shares of the Internet television network’s stock worth $176,000 after buying an additional 220 shares in the last quarter. Bessemer Group Inc. increased its position in Netflix by 2,250.6% in the second quarter. Bessemer Group Inc. now owns 1,998 shares of the Internet television network’s stock worth $183,000 after buying an additional 1,913 shares in the last quarter. Miles Capital Inc. purchased a new position in Netflix during the second quarter worth approximately $216,000. Finally, Sunbelt Securities Inc. increased its position in Netflix by 4,215.7% in the second quarter. Sunbelt Securities Inc. now owns 3,021 shares of the Internet television network’s stock worth $276,000 after buying an additional 2,951 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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