News headlines about Netflix (NASDAQ:NFLX) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Netflix earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the Internet television network an impact score of 44.4534015215627 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Reed Hastings Sells 79,800 Shares of Netflix, Inc. (NFLX) Stock (americanbankingnews.com)
- Netflix’s Competitive Moat Isn’t as Wide as You Think (feedproxy.google.com)
- Netflix’s Competitive Moat Isn’t as Wide as You Think (investorplace.com)
- Ross Gerber Defends His Tesla And His Netflix Longs (Podcast) (seekingalpha.com)
- Netflix: Competing Against It ‘May Prove Challenging’ (barrons.com)
A number of research analysts have commented on NFLX shares. Piper Jaffray Companies increased their price objective on shares of Netflix from $360.00 to $367.00 in a research note on Tuesday, April 17th. Loop Capital increased their price objective on shares of Netflix from $325.00 to $330.00 in a research note on Tuesday, April 17th. Atlantic Securities reiterated a “buy” rating and set a $385.00 price objective on shares of Netflix in a research note on Wednesday, March 28th. Zacks Investment Research upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $359.00 price objective on the stock in a research note on Tuesday, March 27th. Finally, UBS Group increased their price objective on shares of Netflix from $290.00 to $345.00 and gave the company a “buy” rating in a research note on Monday, March 5th. Four investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. Netflix currently has a consensus rating of “Buy” and a consensus target price of $300.45.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, April 16th. The Internet television network reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.01. Netflix had a net margin of 5.26% and a return on equity of 19.11%. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter last year, the firm posted $0.40 EPS. The business’s revenue for the quarter was up 40.3% on a year-over-year basis. equities research analysts expect that Netflix will post 2.89 earnings per share for the current year.
In other news, insider Gregory K. Peters sold 7,133 shares of the firm’s stock in a transaction dated Thursday, May 24th. The shares were sold at an average price of $350.00, for a total transaction of $2,496,550.00. Following the completion of the transaction, the insider now owns 20,223 shares in the company, valued at approximately $7,078,050. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Leslie J. Kilgore sold 472 shares of the firm’s stock in a transaction dated Tuesday, June 19th. The stock was sold at an average price of $401.00, for a total transaction of $189,272.00. Following the completion of the transaction, the director now owns 35,668 shares of the company’s stock, valued at $14,302,868. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 287,282 shares of company stock valued at $102,140,699. Insiders own 4.29% of the company’s stock.
Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.
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