Netflix, Inc. (NASDAQ:NFLX) – Research analysts at Oppenheimer Holdings decreased their Q2 2017 earnings per share (EPS) estimates for Netflix in a note issued to investors on Tuesday. Oppenheimer Holdings analyst J. Helfstein now expects that the Internet television network will earn $0.15 per share for the quarter, down from their prior estimate of $0.32. Oppenheimer Holdings currently has a “Outperform” rating and a $165.00 price target on the stock. Oppenheimer Holdings also issued estimates for Netflix’s FY2017 earnings at $1.05 EPS, FY2018 earnings at $2.01 EPS, FY2019 earnings at $3.48 EPS and FY2021 earnings at $6.58 EPS.
A number of other research analysts have also recently weighed in on NFLX. Loop Capital reaffirmed a “buy” rating and issued a $151.00 price objective on shares of Netflix in a report on Thursday, December 22nd. Vetr cut shares of Netflix from a “hold” rating to a “sell” rating and set a $119.15 price objective for the company. in a report on Tuesday, December 27th. Wedbush reaffirmed a “sell” rating on shares of Netflix in a report on Wednesday, December 28th. Brean Capital reissued a “buy” rating on shares of Netflix in a research note on Friday, December 30th. Finally, Canaccord Genuity reissued a “buy” rating and set a $140.00 target price on shares of Netflix in a research note on Tuesday, January 3rd. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-six have assigned a buy rating to the company’s stock. Netflix currently has an average rating of “Buy” and a consensus target price of $145.35.
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Shares of Netflix (NASDAQ:NFLX) opened at 141.18 on Friday. Netflix has a 1-year low of $84.50 and a 1-year high of $148.29. The stock has a 50 day moving average price of $143.46 and a 200 day moving average price of $130.69. The stock has a market capitalization of $60.77 billion, a price-to-earnings ratio of 328.33 and a beta of 1.27.
Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, April 17th. The Internet television network reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. The business earned $2.64 billion during the quarter, compared to analyst estimates of $2.64 billion. Netflix had a net margin of 2.11% and a return on equity of 7.51%. The company’s quarterly revenue was up 34.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 EPS.
Institutional investors have recently made changes to their positions in the stock. DnB Asset Management AS increased its position in shares of Netflix by 6.3% in the third quarter. DnB Asset Management AS now owns 37,325 shares of the Internet television network’s stock worth $3,678,000 after buying an additional 2,200 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position 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 worth $6,591,000 after buying an additional 1,972 shares in the last quarter. Regal Investment Advisors LLC bought a new position in shares of Netflix during the third quarter worth about $1,363,000. Great West Life Assurance Co. Can increased its position in shares of Netflix by 4.0% in the third quarter. Great West Life Assurance Co. Can now owns 415,255 shares of the Internet television network’s stock worth $40,922,000 after buying an additional 15,957 shares in the last quarter. Finally, Brighton Jones LLC bought a new position in shares of Netflix during the third quarter worth about $1,379,000. Institutional investors and hedge funds own 80.42% of the company’s stock.
In other news, insider Neil D. Hunt sold 10,000 shares of the firm’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $140.00, for a total value of $1,400,000.00. Following the completion of the sale, the insider now owns 469,952 shares in the company, valued at approximately $65,793,280. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard N. Barton sold 1,000 shares of the stock in a transaction dated Tuesday, April 18th. The shares were sold at an average price of $147.39, for a total transaction of $147,390.00. Following the completion of the transaction, the director now owns 8,012 shares of the company’s stock, valued at approximately $1,180,888.68. The disclosure for this sale can be found here. Insiders sold a total of 236,281 shares of company stock valued at $34,047,161 in the last 90 days. Company 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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