Netflix, Inc. (NASDAQ:NFLX) – Equities research analysts at William Blair decreased their Q4 2018 EPS estimates for Netflix in a research report issued on Wednesday, October 17th. William Blair analyst R. Schackart now expects that the Internet television network will earn $0.24 per share for the quarter, down from their prior estimate of $0.38. William Blair also issued estimates for Netflix’s Q4 2019 earnings at $0.57 EPS and FY2020 earnings at $6.82 EPS.
Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, October 16th. The Internet television network reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.21. The business had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.99 billion. Netflix had a return on equity of 29.52% and a net margin of 8.48%. The business’s quarterly revenue was up 34.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.29 earnings per share.
NASDAQ NFLX opened at $346.71 on Friday. The company has a market capitalization of $158.81 billion, a PE ratio of 130.72, a PEG ratio of 4.66 and a beta of 0.89. Netflix has a 1-year low of $178.38 and a 1-year high of $423.21. The company has a current ratio of 1.39, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66.
In other Netflix news, Director Timothy M. Haley sold 21,882 shares of Netflix stock in a transaction on Tuesday, October 16th. The stock was sold at an average price of $336.41, for a total value of $7,361,323.62. Following the sale, the director now owns 9,177 shares in the company, valued at $3,087,234.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David B. Wells sold 1,000 shares of Netflix stock in a transaction on Monday, October 1st. The shares were sold at an average price of $376.61, for a total value of $376,610.00. Following the completion of the sale, the chief financial officer now owns 1,000 shares in the company, valued at approximately $376,610. The disclosure for this sale can be found here. Insiders sold 403,334 shares of company stock worth $142,463,785 in the last 90 days. Company insiders own 4.29% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. HPM Partners LLC grew its stake in shares of Netflix by 30.2% in the second quarter. HPM Partners LLC now owns 3,896 shares of the Internet television network’s stock valued at $1,525,000 after buying an additional 904 shares in the last quarter. Morgan Stanley grew its stake in shares of Netflix by 1.6% in the second quarter. Morgan Stanley now owns 2,364,657 shares of the Internet television network’s stock valued at $925,600,000 after buying an additional 37,425 shares in the last quarter. Private Capital Group LLC grew its stake in shares of Netflix by 33.1% in the second quarter. Private Capital Group LLC now owns 744 shares of the Internet television network’s stock valued at $291,000 after buying an additional 185 shares in the last quarter. Mackay Shields LLC grew its stake in shares of Netflix by 3.0% in the second quarter. Mackay Shields LLC now owns 169,338 shares of the Internet television network’s stock valued at $66,284,000 after buying an additional 4,917 shares in the last quarter. Finally, Iron Financial LLC acquired a new stake in shares of Netflix in the second quarter valued at $579,000. 73.83% of the stock is owned by institutional investors and hedge funds.
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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