Netflix, Inc. (NASDAQ:NFLX) – Stock analysts at Oppenheimer Holdings dropped their Q4 2017 earnings per share (EPS) estimates for shares of Netflix in a research report issued to clients and investors on Friday. Oppenheimer Holdings analyst J. Helfstein now expects that the Internet television network will post earnings of $0.24 per share for the quarter, down from their previous forecast of $0.25. Oppenheimer Holdings has a “Outperform” rating and a $215.00 price objective on the stock. Oppenheimer Holdings also issued estimates for Netflix’s Q1 2018 earnings at $0.37 EPS, Q2 2018 earnings at $0.43 EPS, Q3 2018 earnings at $0.55 EPS, Q4 2018 earnings at $0.61 EPS, FY2020 earnings at $5.57 EPS and FY2021 earnings at $7.75 EPS.
Several other research firms also recently commented on NFLX. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $215.00 price objective on shares of Netflix in a report on Monday, September 18th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $210.00 price objective on shares of Netflix in a report on Friday, October 6th. Vetr raised shares of Netflix from a “sell” rating to a “hold” rating and set a $165.75 price objective on the stock in a report on Thursday, August 10th. MKM Partners reaffirmed a “buy” rating and issued a $195.00 price objective on shares of Netflix in a report on Monday, July 10th. Finally, J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Netflix in a report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and thirty-one have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $187.47.
Netflix (NASDAQ NFLX) opened at 195.08 on Monday. The firm has a 50-day moving average of $180.46 and a 200 day moving average of $164.75. Netflix has a 52-week low of $97.63 and a 52-week high of $199.40. The company has a market capitalization of $84.23 billion, a P/E ratio of 237.32 and a beta of 1.09.
Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.01). Netflix had a return on equity of 12.82% and a net margin of 3.55%. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the previous year, the business posted $0.09 earnings per share. The firm’s revenue was up 32.3% on a year-over-year basis.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Crow Point Partners LLC purchased a new position in shares of Netflix during the third quarter worth approximately $189,000. Intl Fcstone Inc. purchased a new position in shares of Netflix during the second quarter worth approximately $278,000. Navellier & Associates Inc purchased a new position in shares of Netflix during the second quarter worth approximately $492,000. USA Financial Portformulas Corp purchased a new position in shares of Netflix during the second quarter worth approximately $6,229,000. Finally, Toronto Dominion Bank grew its position in shares of Netflix by 25.7% during the second quarter. Toronto Dominion Bank now owns 146,001 shares of the Internet television network’s stock worth $21,810,000 after acquiring an additional 29,867 shares during the last quarter. Institutional investors and hedge funds own 81.02% of the company’s stock.
In other Netflix news, CEO Reed Hastings sold 109,214 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $188.61, for a total transaction of $20,598,852.54. Following the sale, the chief executive officer now owns 109,214 shares of the company’s stock, valued at $20,598,852.54. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jonathan Friedland sold 2,496 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $182.17, for a total transaction of $454,696.32. Following the sale, the insider now directly owns 1,232 shares in the company, valued at approximately $224,433.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 316,067 shares of company stock worth $56,923,386. 4.90% of the stock is owned by corporate insiders.
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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