News headlines about Netflix (NASDAQ:NFLX) have trended somewhat positive on Thursday, according to InfoTrie Sentiment. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Netflix earned a media sentiment score of 1.08 on their scale. InfoTrie also assigned headlines about the Internet television network an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Netflix’s score:
Shares of NASDAQ NFLX opened at $267.66 on Thursday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.66. Netflix has a 52-week low of $201.50 and a 52-week high of $423.21. The stock has a market capitalization of $116.72 billion, a price-to-earnings ratio of 214.13, a price-to-earnings-growth ratio of 3.39 and a beta of 1.12.
Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, October 16th. The Internet television network reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.21. Netflix had a net margin of 8.48% and a return on equity of 29.52%. The firm had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter last year, the company posted $0.29 earnings per share. Netflix’s revenue was up 34.0% on a year-over-year basis. As a group, analysts anticipate that Netflix will post 2.63 EPS for the current fiscal year.
Several brokerages have recently weighed in on NFLX. Goldman Sachs Group set a $470.00 target price on Netflix and gave the company a “buy” rating in a research note on Tuesday, October 2nd. Sanford C. Bernstein restated a “buy” rating and set a $465.00 target price on shares of Netflix in a research note on Wednesday, October 17th. Raymond James lowered their target price on Netflix from $445.00 to $400.00 and set an “outperform” rating for the company in a research note on Monday, October 15th. Citigroup raised their target price on Netflix to $375.00 and gave the company a “neutral” rating in a research note on Wednesday, September 12th. Finally, Wedbush raised their target price on Netflix from $125.00 to $150.00 and gave the company an “underperform” rating in a research note on Wednesday, October 17th. Seven analysts have rated the stock with a sell rating, nine have given a hold rating and thirty have issued a buy rating to the stock. Netflix presently has a consensus rating of “Buy” and an average target price of $369.81.
In other Netflix news, CFO David B. Wells sold 588 shares of the firm’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $283.79, for a total value of $166,868.52. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Reed Hastings sold 63,147 shares of the firm’s stock in a transaction dated Monday, December 24th. The stock was sold at an average price of $241.12, for a total transaction of $15,226,004.64. Following the completion of the transaction, the chief executive officer now directly owns 63,147 shares in the company, valued at approximately $15,226,004.64. The disclosure for this sale can be found here. Insiders sold 291,014 shares of company stock worth $84,987,740 in the last three months. 4.29% of the stock is currently owned by corporate insiders.
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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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