Cantor Fitzgerald Comments on Netflix Inc.’s FY2017 Earnings (NFLX)
Netflix Inc. (NASDAQ:NFLX) – Stock analysts at Cantor Fitzgerald boosted their FY2017 earnings per share estimates for shares of Netflix in a research note issued to investors on Friday. Cantor Fitzgerald analyst Y. Squali now expects that the brokerage will post earnings per share of $0.82 for the year, up from their prior forecast of $0.69. Cantor Fitzgerald currently has a “Buy” rating on the stock.
A number of other research firms also recently weighed in on NFLX. Nomura reissued a “buy” rating and set a $115.00 target price (down from $125.00) on shares of Netflix in a research report on Monday, June 20th. Zacks Investment Research raised shares of Netflix from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a research report on Tuesday, June 21st. Sanford C. Bernstein reissued an “underperform” rating and set a $62.00 target price on shares of Netflix in a research report on Wednesday, June 22nd. Pacific Crest reissued a “buy” rating and set a $130.00 target price on shares of Netflix in a research report on Wednesday, June 22nd. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $140.00 target price on shares of Netflix in a research report on Tuesday, June 28th. Eight equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $110.29.
Netflix (NASDAQ:NFLX) opened at 101.47 on Monday. The company has a market capitalization of $43.50 billion, a PE ratio of 317.09 and a beta of 1.14. Netflix has a 52 week low of $79.95 and a 52 week high of $133.27. The company has a 50-day moving average of $98.93 and a 200-day moving average of $96.40.
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In other Netflix news, CEO Reed Hastings sold 116,431 shares of the company’s stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $86.59, for a total value of $10,081,760.29. Following the completion of the transaction, the chief executive officer now directly owns 116,431 shares in the company, valued at $10,081,760.29. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jay C. Hoag purchased 600,000 shares of the company’s stock in a transaction on Monday, July 25th. The stock was purchased at an average price of $86.43 per share, with a total value of $51,858,000.00. The disclosure for this purchase can be found here. Corporate insiders own 4.90% of the company’s stock.
Several institutional investors have recently bought and sold shares of NFLX. NN Investment Partners Holdings N.V. purchased a new position in Netflix during the first quarter worth $2,142,000. Menta Capital LLC raised its position in Netflix by 225.0% in the first quarter. Menta Capital LLC now owns 10,833 shares of the Internet television network’s stock worth $1,107,000 after buying an additional 7,500 shares during the last quarter. M&T Bank Corp raised its position in Netflix by 5.6% in the first quarter. M&T Bank Corp now owns 32,482 shares of the Internet television network’s stock worth $3,320,000 after buying an additional 1,737 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in Netflix by 16.4% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,201 shares of the Internet television network’s stock worth $225,000 after buying an additional 310 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in Netflix by 1.1% in the first quarter. Canada Pension Plan Investment Board now owns 46,963 shares of the Internet television network’s stock worth $4,801,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 78.41% of the company’s stock.
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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