Netflix, Inc. (NASDAQ:NFLX) – Analysts at Imperial Capital decreased their Q4 2019 earnings per share (EPS) estimates for shares of Netflix in a research report issued on Wednesday, April 17th. Imperial Capital analyst D. Miller now forecasts that the Internet television network will earn $1.07 per share for the quarter, down from their prior estimate of $1.23. Imperial Capital has a “Outperform” rating and a $463.00 price objective on the stock. Imperial Capital also issued estimates for Netflix’s Q1 2020 earnings at $1.36 EPS, Q2 2020 earnings at $1.71 EPS, Q4 2020 earnings at $1.59 EPS and FY2020 earnings at $6.60 EPS.
Several other research analysts have also issued reports on the stock. Royal Bank of Canada set a $480.00 price target on shares of Netflix and gave the stock a “buy” rating in a research report on Thursday. UBS Group set a $420.00 price target on shares of Netflix and gave the stock a “buy” rating in a research report on Thursday. Barclays set a $375.00 price objective on shares of Netflix and gave the stock a “buy” rating in a research report on Wednesday. Deutsche Bank lifted their price objective on shares of Netflix to $371.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, Wedbush lifted their price objective on shares of Netflix from $165.00 to $183.00 and gave the stock an “underperform” rating in a research report on Wednesday. Six research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $383.16.
Netflix stock opened at $354.74 on Thursday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.98. The company has a market capitalization of $152.32 billion, a price-to-earnings ratio of 132.37, a price-to-earnings-growth ratio of 2.92 and a beta of 1.36. Netflix has a 1 year low of $231.23 and a 1 year high of $423.21.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, April 16th. The Internet television network reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.19. The firm had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.50 billion. Netflix had a net margin of 7.67% and a return on equity of 25.82%. The firm’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.64 earnings per share.
In related news, Director Anne M. Sweeney sold 342 shares of Netflix stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $360.00, for a total value of $123,120.00. Following the completion of the sale, the director now owns 342 shares of the company’s stock, valued at approximately $123,120. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Reed Hastings sold 67,907 shares of Netflix stock in a transaction on Tuesday, January 22nd. The shares were sold at an average price of $328.17, for a total transaction of $22,285,040.19. Following the completion of the sale, the chief executive officer now directly owns 67,907 shares of the company’s stock, valued at approximately $22,285,040.19. The disclosure for this sale can be found here. Insiders have sold a total of 184,381 shares of company stock valued at $64,721,327 in the last three months. Company insiders own 4.29% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in NFLX. Bank of New York Mellon Corp lifted its stake in shares of Netflix by 2.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,910,792 shares of the Internet television network’s stock valued at $1,463,144,000 after purchasing an additional 111,054 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Netflix during the 3rd quarter worth $685,000. Point72 Hong Kong Ltd lifted its position in Netflix by 131.3% during the 3rd quarter. Point72 Hong Kong Ltd now owns 333 shares of the Internet television network’s stock worth $125,000 after acquiring an additional 189 shares during the last quarter. Advisors Asset Management Inc. lifted its position in Netflix by 27.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 10,060 shares of the Internet television network’s stock worth $3,764,000 after acquiring an additional 2,175 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its position in Netflix by 6.1% during the 3rd quarter. Macquarie Group Ltd. now owns 43,422 shares of the Internet television network’s stock worth $16,245,000 after acquiring an additional 2,512 shares during the last quarter. 76.10% of the stock is owned by institutional investors and hedge funds.
Netflix Company Profile
Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.
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