Netflix Inc. (NASDAQ:NFLX) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided EPS guidance of $0.13 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.08.
Shares of Netflix Inc. (NASDAQ:NFLX) traded down 1.65% during midday trading on Monday, reaching $99.80. 25,630,381 shares of the company’s stock were exchanged. The stock has a market cap of $42.79 billion, a P/E ratio of 311.88 and a beta of 1.14. Netflix Inc. has a one year low of $79.95 and a one year high of $133.27. The company’s 50-day moving average is $98.93 and its 200-day moving average is $96.40.
Netflix (NASDAQ:NFLX) last released its earnings results on Monday, October 17th. The Internet television network reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.06. Netflix had a return on equity of 5.59% and a net margin of 1.85%. The firm earned $2.29 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue was up 31.7% compared to the same quarter last year. Equities analysts expect that Netflix Inc. will post $0.28 earnings per share for the current fiscal year.
A number of equities research analysts recently commented on NFLX shares. Vetr raised Netflix from a hold rating to a buy rating and set a $102.90 target price for the company in a report on Tuesday, September 20th. Cantor Fitzgerald reaffirmed a buy rating on shares of Netflix in a report on Friday, September 9th. FBR & Co reissued a market perform rating and issued a $90.00 price target on shares of Netflix in a report on Thursday, September 15th. RBC Capital Markets reissued an outperform rating and issued a $130.00 price target on shares of Netflix in a report on Monday, August 29th. Finally, Wedbush set a $45.00 price target on Netflix and gave the company a sell rating in a report on Thursday. Eight investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. Netflix presently has an average rating of Hold and a consensus target price of $110.29.
In related news, Director Jay C. Hoag acquired 600,000 shares of the business’s stock in a transaction dated Monday, July 25th. The stock was bought at an average price of $86.43 per share, for a total transaction of $51,858,000.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Richard N. Barton sold 2,800 shares of the stock in a transaction on Thursday, October 6th. The shares were sold at an average price of $104.27, for a total value of $291,956.00. Following the sale, the director now owns 15,254 shares of the company’s stock, valued at approximately $1,590,534.58. The disclosure for this sale can be found here. 4.90% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the stock. Krilogy Financial LLC increased its stake in shares of Netflix by 12.9% in the second quarter. Krilogy Financial LLC now owns 1,921 shares of the Internet television network’s stock worth $176,000 after buying an additional 220 shares during the period. Cornerstone Advisors Inc. increased its stake in shares of Netflix by 25.6% in the second quarter. Cornerstone Advisors Inc. now owns 1,118 shares of the Internet television network’s stock worth $102,000 after buying an additional 228 shares during the period. Mariner Wealth Advisors LLC increased its stake in shares of Netflix by 11.2% in the second quarter. Mariner Wealth Advisors LLC now owns 3,248 shares of the Internet television network’s stock worth $297,000 after buying an additional 326 shares during the period. Wetherby Asset Management Inc. increased its stake in shares of Netflix by 7.5% in the second quarter. Wetherby Asset Management Inc. now owns 5,343 shares of the Internet television network’s stock worth $489,000 after buying an additional 372 shares during the period. Finally, Andra AP fonden increased its stake in shares of Netflix by 3.8% in the second quarter. Andra AP fonden now owns 10,800 shares of the Internet television network’s stock worth $988,000 after buying an additional 400 shares during the period. Institutional investors own 78.41% of the company’s stock.
Netflix Company Profile
Netflix, Inc (Netflix) is a provider of Internet television network. The Company’s members can watch original series, documentaries and feature films in Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content.
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