Netflix, Inc. (NASDAQ:NFLX) – Analysts at Wedbush lowered their Q4 2018 EPS estimates for Netflix in a note issued to investors on Wednesday, October 17th. Wedbush analyst M. Pachter now anticipates that the Internet television network will post earnings per share of $0.30 for the quarter, down from their prior estimate of $0.52. Wedbush currently has a “Underperform” rating and a $150.00 target price on the stock. Wedbush also issued estimates for Netflix’s Q4 2019 earnings at $0.99 EPS and FY2019 earnings at $3.75 EPS.
Several other equities analysts have also issued reports on the company. BidaskClub raised Netflix from a “hold” rating to a “buy” rating in a report on Friday. Oppenheimer set a $410.00 price objective on Netflix and gave the company a “buy” rating in a report on Thursday. Loop Capital increased their price objective on Netflix from $365.00 to $385.00 in a report on Wednesday. Royal Bank of Canada increased their price objective on Netflix to $450.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. increased their price objective on Netflix to $450.00 and gave the company an “overweight” rating in a report on Wednesday. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty-one have issued a buy rating to the company. Netflix presently has a consensus rating of “Buy” and an average price target of $376.83.
NFLX stock opened at $332.67 on Friday. The company has a market capitalization of $158.81 billion, a PE ratio of 279.70, a price-to-earnings-growth ratio of 4.66 and a beta of 0.89. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.39 and a quick ratio of 1.54. Netflix has a 12-month low of $178.38 and a 12-month high of $423.21.
Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, October 16th. The Internet television network reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.21. The company had revenue of $4 billion during the quarter, compared to analyst estimates of $3.99 billion. Netflix had a return on equity of 29.52% and a net margin of 8.48%. Netflix’s quarterly revenue was up 34.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.29 earnings per share.
Several hedge funds have recently modified their holdings of NFLX. Verition Fund Management LLC purchased a new stake in shares of Netflix in the first quarter worth $265,000. Atlantic Trust Group LLC raised its position in shares of Netflix by 65.4% in the first quarter. Atlantic Trust Group LLC now owns 28,079 shares of the Internet television network’s stock worth $8,293,000 after buying an additional 11,099 shares in the last quarter. Moors & Cabot Inc. raised its position in shares of Netflix by 12.5% in the first quarter. Moors & Cabot Inc. now owns 1,895 shares of the Internet television network’s stock worth $560,000 after buying an additional 210 shares in the last quarter. Navellier & Associates Inc raised its position in shares of Netflix by 20.3% in the first quarter. Navellier & Associates Inc now owns 4,800 shares of the Internet television network’s stock worth $1,418,000 after buying an additional 809 shares in the last quarter. Finally, Summit Trail Advisors LLC raised its position in shares of Netflix by 49,540.2% in the first quarter. Summit Trail Advisors LLC now owns 907,422 shares of the Internet television network’s stock worth $907,000 after buying an additional 905,594 shares in the last quarter. Institutional investors own 73.83% of the company’s stock.
In related news, CFO David B. Wells sold 1,000 shares of the stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $359.00, for a total value of $359,000.00. Following the sale, the chief financial officer now owns 1,000 shares in the company, valued at $359,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Timothy M. Haley sold 21,882 shares of the 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 completion of the sale, the director now owns 9,177 shares in the company, valued at approximately $3,087,234.57. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 403,334 shares of company stock worth $142,463,785. Company insiders own 4.29% of the company’s stock.
Netflix Company Profile
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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