Netflix, Inc. (NASDAQ:NFLX) – Analysts at William Blair upped their FY2019 earnings per share (EPS) estimates for Netflix in a research report issued on Tuesday, February 12th. William Blair analyst R. Schackart now forecasts that the Internet television network will earn $4.14 per share for the year, up from their previous estimate of $3.90. William Blair also issued estimates for Netflix’s FY2020 earnings at $6.77 EPS.
Get Netflix alerts:Several other brokerages have also issued reports on NFLX. BidaskClub upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research report on Wednesday, January 16th. Sanford C. Bernstein restated a “buy” rating and set a $421.00 target price on shares of Netflix in a research report on Wednesday, January 16th. JPMorgan Chase & Co. restated a “buy” rating and set a $435.00 target price (up from $425.00) on shares of Netflix in a research report on Friday, January 18th. UBS Group restated a “buy” rating and set a $420.00 target price (up from $410.00) on shares of Netflix in a research report on Friday, January 18th. Finally, Pivotal Research boosted their target price on shares of Netflix from $480.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, January 18th. Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. Netflix currently has an average rating of “Buy” and an average target price of $376.33.
Shares of NASDAQ NFLX opened at $356.87 on Thursday. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.49 and a quick ratio of 1.49. The company has a market cap of $153.58 billion, a P/E ratio of 133.16, a price-to-earnings-growth ratio of 2.90 and a beta of 1.38. Netflix has a 12-month low of $231.23 and a 12-month high of $423.21.
Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, January 17th. The Internet television network reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.06. The company had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.21 billion. Netflix had a net margin of 7.67% and a return on equity of 25.82%. The firm’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 earnings per share.
Several large investors have recently modified their holdings of the stock. Gemmer Asset Management LLC raised its stake in Netflix by 12.4% during the fourth quarter. Gemmer Asset Management LLC now owns 271 shares of the Internet television network’s stock valued at $73,000 after purchasing an additional 30 shares in the last quarter. Argent Trust Co raised its stake in Netflix by 4.2% during the fourth quarter. Argent Trust Co now owns 748 shares of the Internet television network’s stock valued at $200,000 after purchasing an additional 30 shares in the last quarter. Johnson Financial Group Inc. raised its stake in Netflix by 3.9% during the fourth quarter. Johnson Financial Group Inc. now owns 800 shares of the Internet television network’s stock valued at $214,000 after purchasing an additional 30 shares in the last quarter. Versant Capital Management Inc raised its stake in Netflix by 59.3% during the fourth quarter. Versant Capital Management Inc now owns 94 shares of the Internet television network’s stock valued at $25,000 after purchasing an additional 35 shares in the last quarter. Finally, Reilly Financial Advisors LLC raised its stake in Netflix by 5.2% during the fourth quarter. Reilly Financial Advisors LLC now owns 708 shares of the Internet television network’s stock valued at $190,000 after purchasing an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 79.49% of the company’s stock.
In related news, CEO Reed Hastings sold 63,147 shares of the company’s stock in a transaction on Monday, December 24th. The shares were sold at an average price of $241.12, for a total transaction of $15,226,004.64. Following the completion of the transaction, the chief executive officer now owns 63,147 shares in the company, valued at $15,226,004.64. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Anne M. Sweeney sold 7,607 shares of the company’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $360.00, for a total transaction of $2,738,520.00. Following the transaction, the director now owns 444 shares of the company’s stock, valued at approximately $159,840. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 220,252 shares of company stock valued at $62,279,115. 4.29% of the stock is owned by company insiders.
Netflix Company Profile
Netflix, Inc provides Internet entertainment services. The company operates in three reportable segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films. 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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