Jefferies Group LLC set a $190.00 price target on Netflix, Inc. (NASDAQ:NFLX) in a research note published on Tuesday, October 17th. The brokerage currently has a neutral rating on the Internet television network’s stock. Jefferies Group also issued estimates for Netflix’s Q4 2017 earnings at $0.41 EPS, FY2017 earnings at $1.25 EPS, Q1 2018 earnings at $0.93 EPS, Q2 2018 earnings at $0.56 EPS, Q3 2018 earnings at $0.48 EPS, Q4 2018 earnings at $0.14 EPS, FY2018 earnings at $2.11 EPS, Q1 2019 earnings at $1.35 EPS, Q2 2019 earnings at $0.85 EPS, Q3 2019 earnings at $0.70 EPS, FY2019 earnings at $3.17 EPS, FY2020 earnings at $4.62 EPS and FY2021 earnings at $5.95 EPS.
A number of other research analysts have also recently commented on the company. Morgan Stanley set a $210.00 price target on Netflix and gave the company a buy rating in a research note on Tuesday, July 18th. Vetr downgraded Netflix from a hold rating to a sell rating and set a $165.09 target price for the company. in a research note on Wednesday, August 30th. Sanford C. Bernstein restated an outperform rating and issued a $203.00 target price (up from $178.00) on shares of Netflix in a research note on Tuesday, July 18th. Rosenblatt Securities upgraded Netflix from a neutral rating to a buy rating and raised their target price for the company from $155.00 to $200.00 in a research note on Tuesday, July 18th. Finally, BidaskClub upgraded Netflix from a hold rating to a buy rating in a research note on Sunday, July 16th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirty-three have given a buy rating to the stock. Netflix presently has a consensus rating of Buy and a consensus target price of $207.20.
Netflix (NASDAQ:NFLX) traded down $0.50 during trading hours on Tuesday, reaching $199.51. The company’s stock had a trading volume of 3,777,783 shares, compared to its average volume of 8,330,000. The company has a market capitalization of $86,420.00, a price-to-earnings ratio of 202.03, a price-to-earnings-growth ratio of 5.91 and a beta of 1.39. Netflix has a 12-month low of $110.68 and a 12-month 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.
Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share 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 business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.97 billion. During the same period in the prior year, the business posted $0.12 EPS. The company’s revenue for the quarter was up 30.3% compared to the same quarter last year. equities research analysts forecast that Netflix will post 1.27 earnings per share for the current fiscal year.
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In other news, Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $165.72, for a total transaction of $331,440.00. Following the completion of the transaction, the director now owns 8,012 shares of the company’s stock, valued at approximately $1,327,748.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Reed Hastings sold 93,380 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $166.07, for a total transaction of $15,507,616.60. Following the transaction, the chief executive officer now directly owns 93,380 shares of the company’s stock, valued at approximately $15,507,616.60. The disclosure for this sale can be found here. Insiders sold a total of 340,487 shares of company stock valued at $62,816,777 in the last three months. 4.90% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NFLX. OppenheimerFunds Inc. boosted its holdings in Netflix by 1.6% in 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 during the period. Teachers Advisors LLC boosted its stake in shares of Netflix by 2.0% during the 1st quarter. Teachers Advisors LLC now owns 1,300,531 shares of the Internet television network’s stock valued at $192,231,000 after buying an additional 25,266 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co purchased a new position in shares of Netflix during the 1st quarter valued at approximately $208,000. Turner Investments LLC purchased a new position in shares of Netflix during the 1st quarter valued at approximately $417,000. Finally, Stephens Inc. AR boosted its stake in shares of Netflix by 12.4% during the 1st quarter. Stephens Inc. AR now owns 7,427 shares of the Internet television network’s stock valued at $1,098,000 after buying an additional 821 shares during the last quarter. Hedge funds and other institutional investors own 80.68% of the company’s stock.
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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