Netflix, Inc. (NASDAQ:NFLX) – Equities researchers at William Blair upped their FY2017 earnings estimates for shares of Netflix in a research note issued to investors on Tuesday. William Blair analyst R. Schackart now anticipates that the Internet television network will post earnings of $1.24 per share for the year, up from their previous estimate of $1.20. William Blair also issued estimates for Netflix’s Q4 2017 earnings at $0.40 EPS, Q1 2018 earnings at $0.51 EPS, Q2 2018 earnings at $0.37 EPS, Q3 2018 earnings at $0.43 EPS, Q4 2018 earnings at $0.49 EPS, FY2018 earnings at $1.80 EPS, FY2019 earnings at $3.51 EPS and FY2020 earnings at $5.34 EPS.
A number of other research firms have also issued reports on NFLX. SunTrust Banks, Inc. set a $175.00 target price on shares of Netflix and gave the company a “hold” rating in a report on Monday. UBS AG restated a “buy” rating and issued a $237.00 target price (up from $225.00) on shares of Netflix in a report on Tuesday. BMO Capital Markets restated a “market perform” rating and issued a $205.00 target price (up from $195.00) on shares of Netflix in a report on Tuesday. J P Morgan Chase & Co set a $242.00 target price on shares of Netflix and gave the company a “buy” rating in a report on Tuesday. Finally, Oppenheimer Holdings, Inc. upped their target price on shares of Netflix from $215.00 to $245.00 and gave the company an “outperform” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirty-four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $205.69.
Netflix (NFLX) traded down 0.07% during midday trading on Wednesday, reaching $195.00. 3,224,651 shares of the company traded hands. The company’s 50-day moving average price is $186.18 and its 200 day moving average price is $167.05. The firm has a market capitalization of $84.32 billion, a PE ratio of 194.81 and a beta of 1.09. Netflix has a 12 month low of $98.38 and a 12 month high of $200.82.
Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same quarter in the previous year, the business posted $0.12 earnings per share. Netflix’s revenue for the quarter was up 30.3% on a year-over-year basis.
In other Netflix news, insider Jonathan Friedland sold 3,622 shares of the business’s stock in a transaction on Friday, October 6th. The stock was sold at an average price of $194.89, for a total value of $705,891.58. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Leslie J. Kilgore sold 868 shares of the business’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $202.00, for a total value of $175,336.00. The disclosure for this sale can be found here. In the last three months, insiders sold 305,288 shares of company stock worth $55,168,715. Insiders own 4.90% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Almanack Investment Partners LLC. acquired a new position in Netflix in the second quarter worth $101,000. TD Capital Management LLC acquired a new position in Netflix in the second quarter worth $105,000. SRS Capital Advisors Inc. boosted its stake in Netflix by 3,361.9% in the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock worth $107,000 after purchasing an additional 706 shares in the last quarter. Harfst & Associates Inc. bought a new stake in shares of Netflix during the first quarter worth $109,000. Finally, Aviance Capital Management LLC bought a new stake in shares of Netflix during the second quarter worth $137,000. 81.02% of the stock is currently owned by institutional investors.
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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