Netflix, Inc. (NASDAQ:NFLX) – Investment analysts at KeyCorp dropped their Q4 2018 earnings estimates for shares of Netflix in a report released on Monday. KeyCorp analyst A. Hargreaves now expects that the Internet television network will post earnings of $0.61 per share for the quarter, down from their previous forecast of $0.65. KeyCorp has a “Buy” rating and a $230.00 price objective on the stock.
NFLX has been the subject of a number of other research reports. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $205.00 price objective (up previously from $165.00) on shares of Netflix in a research report on Tuesday, July 18th. Stifel Nicolaus lifted their price objective on shares of Netflix from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, October 12th. J P Morgan Chase & Co reissued an “overweight” rating and issued a $225.00 price objective (up previously from $210.00) on shares of Netflix in a research report on Friday, October 13th. Vetr raised shares of Netflix from a “hold” rating to a “buy” rating and set a $210.19 price objective for the company in a research report on Thursday. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $190.00 price objective on shares of Netflix in a research report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirty-four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $205.69.
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Netflix (NASDAQ NFLX) traded down 0.70% during midday trading on Thursday, hitting $194.18. 5,898,844 shares of the company traded hands. Netflix has a 12-month low of $98.38 and a 12-month high of $200.82. The firm has a market capitalization of $83.96 billion, a PE ratio of 193.99 and a beta of 1.09. The stock’s 50-day moving average is $185.59 and its 200-day moving average is $166.85.
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 consensus estimate of $0.32 by ($0.03). Netflix had a net margin of 4.04% and a return on equity of 14.56%. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.97 billion. During the same period in the previous year, the firm posted $0.12 EPS. The firm’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 company’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of $194.89, for a total transaction of $705,891.58. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Reed Hastings sold 109,214 shares of the company’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $188.61, for a total transaction of $20,598,852.54. Following the transaction, the chief executive officer now owns 109,214 shares in the company, valued at approximately $20,598,852.54. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 305,288 shares of company stock worth $55,168,715. Corporate insiders own 4.90% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC acquired a new position in Netflix during the second quarter worth $1,045,000. Calamos Advisors LLC raised its holdings in Netflix by 198.5% during the second quarter. Calamos Advisors LLC now owns 208,945 shares of the Internet television network’s stock worth $31,218,000 after buying an additional 138,945 shares during the last quarter. Alps Advisors Inc. acquired a new position in Netflix during the second quarter worth $262,000. Guardian Life Insurance Co. of America raised its holdings in Netflix by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock worth $245,000 after buying an additional 11 shares during the last quarter. Finally, Teachers Advisors LLC raised its holdings in Netflix by 2.0% during the first quarter. Teachers Advisors LLC now owns 1,300,531 shares of the Internet television network’s stock worth $192,231,000 after buying an additional 25,266 shares during the last quarter. Hedge funds and other institutional investors own 81.02% of the company’s stock.
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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