Netflix, Inc. (NASDAQ:NFLX) – William Blair decreased their FY2018 earnings estimates for Netflix in a research note issued to investors on Tuesday. William Blair analyst R. Schackart now anticipates that the Internet television network will earn $1.92 per share for the year, down from their previous forecast of $1.99. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Netflix’s FY2019 earnings at $3.47 EPS and FY2020 earnings at $5.26 EPS.
Several other equities research analysts also recently issued reports on NFLX. Loop Capital reissued a “buy” rating and set a $151.00 price objective on shares of Netflix in a research report on Thursday, December 22nd. Vetr downgraded shares of Netflix from a “hold” rating to a “sell” rating and set a $119.15 target price for the company. in a research report on Tuesday, December 27th. Wedbush reaffirmed a “sell” rating on shares of Netflix in a research report on Wednesday, December 28th. Brean Capital reaffirmed a “buy” rating on shares of Netflix in a research report on Friday, December 30th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $140.00 target price on shares of Netflix in a research report on Tuesday, January 3rd. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-six have issued a buy rating to the stock. Netflix presently has an average rating of “Buy” and an average target price of $145.35.
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Netflix (NASDAQ:NFLX) traded up 1.10% during trading on Thursday, reaching $142.73. 123,555 shares of the company’s stock traded hands. The company has a market cap of $61.43 billion, a P/E ratio of 331.93 and a beta of 1.27. Netflix has a 12 month low of $84.50 and a 12 month high of $148.29. The firm’s 50 day moving average is $143.46 and its 200 day moving average is $130.69.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, April 17th. The Internet television network reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.03. Netflix had a net margin of 2.11% and a return on equity of 7.51%. The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same period in the previous year, the company posted $0.06 EPS. The company’s quarterly revenue was up 34.7% compared to the same quarter last year.
Several large investors have recently made changes to their positions in the company. First Trust Advisors LP increased its stake in shares of Netflix by 6.4% in the third quarter. First Trust Advisors LP now owns 1,958,697 shares of the Internet television network’s stock valued at $193,030,000 after buying an additional 117,557 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Netflix by 3.0% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 66,881 shares of the Internet television network’s stock valued at $6,591,000 after buying an additional 1,972 shares in the last quarter. Sigma Planning Corp increased its stake in shares of Netflix by 0.5% in the third quarter. Sigma Planning Corp now owns 10,692 shares of the Internet television network’s stock valued at $1,054,000 after buying an additional 54 shares in the last quarter. RPG Investment Advisory LLC increased its stake in shares of Netflix by 56.2% in the third quarter. RPG Investment Advisory LLC now owns 32,154 shares of the Internet television network’s stock valued at $3,168,000 after buying an additional 11,574 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Netflix by 60.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 94,950 shares of the Internet television network’s stock valued at $9,357,000 after buying an additional 35,631 shares in the last quarter. 80.42% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CEO Reed Hastings sold 89,502 shares of the stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $145.66, for a total value of $13,036,861.32. Following the sale, the chief executive officer now directly owns 89,502 shares of the company’s stock, valued at $13,036,861.32. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Neil D. Hunt sold 10,000 shares of the stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $140.00, for a total transaction of $1,400,000.00. Following the completion of the sale, the insider now directly owns 469,952 shares in the company, valued at $65,793,280. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 236,281 shares of company stock worth $34,047,161. Insiders own 4.90% of the company’s stock.
Netflix Company Profile
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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