Netflix (NASDAQ:NFLX) – Investment analysts at KeyCorp raised their FY2019 earnings per share estimates for Netflix in a report released on Monday, April 16th. KeyCorp analyst A. Hargreaves now expects that the Internet television network will post earnings of $5.24 per share for the year, up from their previous forecast of $4.49. KeyCorp has a “Overweight” rating and a $385.00 price target on the stock. KeyCorp also issued estimates for Netflix’s Q4 2019 earnings at $1.48 EPS.
A number of other research firms also recently weighed in on NFLX. Morgan Stanley restated an “overweight” rating and issued a $255.00 target price (up from $235.00) on shares of Netflix in a research report on Thursday, January 18th. SunTrust Banks set a $270.00 target price on Netflix and gave the stock a “hold” rating in a research report on Wednesday, February 14th. Canaccord Genuity restated a “buy” rating and issued a $280.00 target price (up from $225.00) on shares of Netflix in a research report on Tuesday, January 23rd. Wells Fargo restated an “outperform” rating and issued a $250.00 target price (up from $230.00) on shares of Netflix in a research report on Monday, January 8th. Finally, Goldman Sachs restated a “buy” rating and issued a $390.00 target price on shares of Netflix in a research report on Tuesday. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $293.44.
NFLX opened at $334.52 on Thursday. The company has a market capitalization of $145,832.70, a price-to-earnings ratio of 267.62, a PEG ratio of 4.48 and a beta of 0.99. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.30 and a quick ratio of 1.40. Netflix has a 1-year low of $138.66 and a 1-year high of $338.82.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, April 16th. The Internet television network reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.01. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.69 billion. Netflix had a return on equity of 19.11% and a net margin of 5.26%. The business’s revenue was up 40.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 earnings per share.
In other news, CEO Reed Hastings sold 75,369 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $225.52, for a total transaction of $16,997,216.88. Following the transaction, the chief executive officer now directly owns 75,369 shares in the company, valued at approximately $16,997,216.88. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Richard N. Barton sold 700 shares of the business’s stock in a transaction on Thursday, April 5th. The shares were sold at an average price of $283.39, for a total transaction of $198,373.00. Following the transaction, the director now owns 7,393 shares in the company, valued at $2,095,102.27. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 442,200 shares of company stock worth $119,779,880. 4.90% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. James Hambro & Partners purchased a new position in shares of Netflix during the 4th quarter valued at $106,000. Duncker Streett & Co. Inc. grew its holdings in shares of Netflix by 47.1% during the 4th quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock valued at $120,000 after acquiring an additional 200 shares in the last quarter. Wagner Wealth Management LLC purchased a new position in shares of Netflix during the 4th quarter valued at $125,000. Crewe Advisors LLC purchased a new position in shares of Netflix during the 4th quarter valued at $149,000. Finally, Goodman Financial Corp purchased a new position in shares of Netflix during the 4th quarter valued at $163,000. Institutional investors and hedge funds own 81.65% of the company’s stock.
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Netflix Company Profile
Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.
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