Netflix, Inc. (NASDAQ:NFLX) – Cantor Fitzgerald increased their FY2017 earnings per share estimates for Netflix in a research report issued on Tuesday. Cantor Fitzgerald analyst K. Paulson now expects that the Internet television network will post earnings per share of $1.22 for the year, up from their prior estimate of $0.94. Cantor Fitzgerald has a “Overweight” rating and a $190.00 price objective on the stock. Cantor Fitzgerald also issued estimates for Netflix’s FY2018 earnings at $2.02 EPS.

Other analysts also recently issued research reports about the stock. MKM Partners reiterated a “buy” rating and issued a $175.00 price target on shares of Netflix in a research report on Monday, March 27th. Loop Capital reiterated a “buy” rating and issued a $167.00 price target on shares of Netflix in a research report on Monday, April 10th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $170.00 price target on shares of Netflix in a research report on Friday, April 14th. Pivotal Research upped their price target on shares of Netflix from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, April 18th. Finally, Stifel Nicolaus upped their price target on shares of Netflix from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, April 18th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-nine have issued a buy rating to the company. Netflix presently has an average rating of “Buy” and a consensus price target of $169.38.

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Netflix (NASDAQ:NFLX) opened at 183.86 on Thursday. The company’s 50 day moving average is $157.45 and its 200 day moving average is $148.14. Netflix has a one year low of $85.01 and a one year high of $187.17. The stock has a market cap of $79.32 billion, a PE ratio of 223.67 and a beta of 0.98. Netflix also was the recipient of some unusual options trading activity on Monday. Stock traders bought 105,623 call options on the stock. This represents an increase of approximately 271% compared to the average daily volume of 28,474 call options.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. During the same period last year, the business earned $0.09 EPS. The company’s revenue for the quarter was up 32.3% on a year-over-year basis.

Several large investors have recently modified their holdings of the stock. Clean Yield Group bought a new stake in shares of Netflix during the first quarter worth $103,000. TD Capital Management LLC bought a new stake in shares of Netflix during the second quarter worth $105,000. SRS Capital Advisors Inc. boosted its stake in shares of Netflix by 3,361.9% in the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock worth $107,000 after buying an additional 706 shares in the last quarter. Harfst & Associates Inc. bought a new stake in shares of Netflix during the first quarter worth $109,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of Netflix by 24.2% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 770 shares of the Internet television network’s stock worth $114,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 82.77% of the company’s stock.

In related news, Director Richard N. Barton sold 1,000 shares of Netflix stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $156.62, for a total transaction of $156,620.00. Following the sale, the director now directly owns 8,012 shares in the company, valued at $1,254,839.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Reed Hastings sold 115,577 shares of Netflix stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $152.63, for a total transaction of $17,640,517.51. Following the sale, the chief executive officer now owns 115,577 shares in the company, valued at $17,640,517.51. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 343,728 shares of company stock worth $53,858,193. Company insiders own 4.90% of the company’s stock.

About Netflix

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

Earnings History and Estimates for Netflix (NASDAQ:NFLX)

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