Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “buy” rating reiterated by KeyCorp in a research note issued on Tuesday, October 17th. They currently have a $230.00 price objective on the Internet television network’s stock. KeyCorp’s price objective points to a potential upside of 14.93% from the stock’s current price. KeyCorp also issued estimates for Netflix’s Q4 2017 earnings at $0.41 EPS, FY2017 earnings at $1.24 EPS, Q1 2018 earnings at $0.50 EPS, Q2 2018 earnings at $0.56 EPS, Q3 2018 earnings at $0.57 EPS, Q4 2018 earnings at $0.61 EPS and FY2018 earnings at $2.25 EPS.
A number of other brokerages also recently issued reports on NFLX. Piper Jaffray Companies reissued a “buy” rating and set a $215.00 price objective on shares of Netflix in a research report on Monday, September 18th. Loop Capital boosted their price objective on shares of Netflix from $228.00 to $242.00 and gave the company a “buy” rating in a research report on Tuesday, October 17th. Royal Bank Of Canada reissued an “outperform” rating and set a $210.00 price objective on shares of Netflix in a research 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 research report on Thursday, August 10th. Finally, MKM Partners reissued a “buy” rating and set a $195.00 price objective on shares of Netflix in a research report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and thirty-three have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $207.20.
Netflix (NASDAQ NFLX) traded up $0.12 during trading hours on Tuesday, reaching $200.13. 4,687,380 shares of the company were exchanged, compared to its average volume of 8,330,000. Netflix has a 52 week low of $110.68 and a 52 week high of $204.38. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.47. The company has a market cap of $86,330.00, a price-to-earnings ratio of 202.03, a P/E/G ratio of 5.91 and a beta of 1.39.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). Netflix had a net margin of 4.04% and a return on equity of 14.56%. The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same quarter in the prior year, the company earned $0.12 earnings per share. The company’s quarterly revenue was up 30.3% compared to the same quarter last year. research analysts predict that Netflix will post 1.27 EPS for the current fiscal year.
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In other Netflix news, Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $176.41, for a total value of $352,820.00. Following the completion of the sale, the director now directly owns 8,012 shares in the company, valued at approximately $1,413,396.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel David A. Hyman sold 63,378 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $198.90, for a total value of $12,605,884.20. Following the completion of the sale, the general counsel now owns 43,071 shares of the company’s stock, valued at $8,566,821.90. The disclosure for this sale can be found here. Insiders have sold 340,487 shares of company stock valued at $62,816,777 over the last quarter. 4.90% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of NFLX. OppenheimerFunds Inc. lifted its stake in Netflix by 1.6% during the 1st quarter. OppenheimerFunds Inc. now owns 7,528 shares of the Internet television network’s stock worth $1,113,000 after acquiring an additional 117 shares in the last quarter. Teachers Advisors LLC lifted its stake in Netflix by 2.0% during the 1st quarter. Teachers Advisors LLC now owns 1,300,531 shares of the Internet television network’s stock worth $192,231,000 after acquiring an additional 25,266 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co acquired a new position in Netflix during the 1st quarter worth about $208,000. Turner Investments LLC acquired a new position in Netflix during the 1st quarter worth about $417,000. Finally, Stephens Inc. AR lifted its stake in Netflix by 12.4% during the 1st quarter. Stephens Inc. AR now owns 7,427 shares of the Internet television network’s stock worth $1,098,000 after acquiring an additional 821 shares in the last quarter. 80.68% of the stock is currently owned by hedge funds and other institutional investors.
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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