Netflix Inc. (NASDAQ:NFLX) – Jefferies Group boosted their Q4 2016 earnings estimates for shares of Netflix in a research report issued to clients and investors on Monday. Jefferies Group analyst J. Janedis now forecasts that the firm will post earnings per share of $0.12 for the quarter, up from their previous forecast of $0.10. Jefferies Group currently has a “Underperform” rating and a $80.00 target price on the stock. Jefferies Group also issued estimates for Netflix’s Q2 2017 earnings at $0.29 EPS, Q4 2017 earnings at $0.26 EPS and Q2 2018 earnings at $0.54 EPS.
Several other analysts have also weighed in on NFLX. Wedbush reissued an “underperform” rating and set a $50.00 price objective (up previously from $45.00) on shares of Netflix in a report on Sunday, July 17th. SunTrust Banks Inc. reissued a “hold” rating on shares of Netflix in a report on Sunday, July 17th. BTIG Research reissued a “buy” rating and set a $130.00 price objective (down previously from $150.00) on shares of Netflix in a report on Sunday, July 17th. Raymond James Financial Inc. set a $120.00 price objective on Netflix and gave the stock a “buy” rating in a report on Sunday. Finally, FBR & Co lifted their price objective on Netflix from $90.00 to $100.00 and gave the stock a “market perform” rating in a report on Tuesday. Eight 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 company. The company has a consensus rating of “Hold” and an average price target of $115.73.
Shares of Netflix (NASDAQ:NFLX) traded up 2.7478% on Wednesday, hitting $122.0541. The stock had a trading volume of 14,743,222 shares. The firm has a 50 day moving average price of $99.60 and a 200-day moving average price of $96.38. The company has a market cap of $52.33 billion, a price-to-earnings ratio of 381.4191 and a beta of 1.14. Netflix has a 52 week low of $79.95 and a 52 week high of $133.27.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, October 17th. The Internet television network reported $0.12 EPS 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 analyst estimates of $2.28 billion. Netflix had a return on equity of 6.45% and a net margin of 1.99%. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period last year, the company earned $0.07 earnings per share.
In other news, Director Jay C. Hoag bought 600,000 shares of Netflix stock in a transaction dated Monday, July 25th. The stock was bought at an average cost of $86.43 per share, for a total transaction of $51,858,000.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Reed Hastings sold 116,431 shares of the firm’s stock in a transaction dated Thursday, July 21st. The shares were sold at an average price of $86.59, for a total value of $10,081,760.29. Following the completion of the sale, the chief executive officer now owns 116,431 shares of the company’s stock, valued at $10,081,760.29. The disclosure for this sale can be found here. 4.90% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of NFLX. Fulton Bank N.A. increased 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 in the last quarter. Concorde Asset Management LLC increased its stake in shares of Netflix by 0.5% in the second quarter. Concorde Asset Management LLC now owns 4,205 shares of the Internet television network’s stock valued at $385,000 after buying an additional 20 shares in the last quarter. Coconut Grove Bank increased its position in Netflix by 1.7% in the second quarter. Coconut Grove Bank now owns 1,526 shares of the Internet television network’s stock worth $140,000 after buying an additional 26 shares during the period. Conning Inc. increased its position in Netflix by 0.3% in the second quarter. Conning Inc. now owns 10,915 shares of the Internet television network’s stock worth $999,000 after buying an additional 30 shares during the period. Finally, Mycio Wealth Partners LLC increased its position in Netflix by 1.5% in the second quarter. Mycio Wealth Partners LLC now owns 2,348 shares of the Internet television network’s stock worth $215,000 after buying an additional 35 shares during the period. Institutional investors own 78.41% 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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