Netflix, Inc. (NASDAQ:NFLX) – FBR & Co upped their Q3 2017 EPS estimates for Netflix in a report released on Tuesday. FBR & Co analyst B. Crockett now forecasts that the Internet television network will earn $0.32 per share for the quarter, up from their prior forecast of $0.18. FBR & Co currently has a “Mkt Perform” rating and a $172.00 target price on the stock.

NFLX has been the topic of several other research reports. Raymond James Financial, Inc. reiterated an “outperform” rating and set a $205.00 price target (up previously from $165.00) on shares of Netflix in a research report on Tuesday. Guggenheim boosted their price target on shares of Netflix from $160.00 to $173.00 and gave the company a “buy” rating in a research report on Tuesday, April 18th. William Blair reiterated an “outperform” rating and set a $165.00 price target on shares of Netflix in a research report on Saturday, April 22nd. Vetr upgraded shares of Netflix from a “sell” rating to a “hold” rating and set a $158.60 price target on the stock in a research report on Monday, May 15th. Finally, Cantor Fitzgerald boosted their price target on shares of Netflix from $165.00 to $190.00 and gave the company an “overweight” rating in a research report on Tuesday, June 6th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-nine have assigned a buy rating to the company. Netflix presently has an average rating of “Buy” and an average price target of $169.38.

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Shares of Netflix (NASDAQ:NFLX) opened at 183.86 on Thursday. Netflix has a 52 week low of $85.01 and a 52 week high of $187.17. The firm has a market capitalization of $79.32 billion, a P/E ratio of 223.67 and a beta of 0.98. The stock has a 50 day moving average price of $157.45 and a 200 day moving average price of $148.14. Netflix also saw some unusual options trading activity on Monday. Investors purchased 105,623 call options on the stock. This represents an increase of approximately 271% compared to the typical daily volume of 28,474 call options.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the Zacks’ 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 analyst estimates of $2.76 billion. During the same quarter in the previous year, the business posted $0.09 earnings per share. The business’s revenue was up 32.3% on a year-over-year basis.

In other Netflix news, insider Gregory K. Peters sold 12,768 shares of the business’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $177.38, for a total transaction of $2,264,787.84. Following the sale, the insider now owns 19,208 shares of the company’s stock, valued at approximately $3,407,115.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Reed Hastings sold 101,815 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $157.13, for a total transaction of $15,998,190.95. Following the sale, the chief executive officer now directly owns 101,815 shares in the company, valued at approximately $15,998,190.95. The disclosure for this sale can be found here. In the last three months, insiders have sold 343,728 shares of company stock worth $53,858,193. 4.90% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the company. Jennison Associates LLC raised its stake in shares of Netflix by 21.4% in the first quarter. Jennison Associates LLC now owns 12,947,211 shares of the Internet television network’s stock worth $1,913,727,000 after buying an additional 2,279,835 shares during the last quarter. FMR LLC raised its stake in shares of Netflix by 6.6% in the first quarter. FMR LLC now owns 21,027,506 shares of the Internet television network’s stock worth $3,108,076,000 after buying an additional 1,305,294 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Netflix by 3.5% in the first quarter. Vanguard Group Inc. now owns 27,161,082 shares of the Internet television network’s stock worth $4,014,680,000 after buying an additional 921,283 shares during the last quarter. Tybourne Capital Management HK Ltd. raised its stake in shares of Netflix by 34.3% in the first quarter. Tybourne Capital Management HK Ltd. now owns 2,316,195 shares of the Internet television network’s stock worth $342,357,000 after buying an additional 590,966 shares during the last quarter. Finally, Morgan Stanley raised its stake in shares of Netflix by 22.9% in the first quarter. Morgan Stanley now owns 3,061,631 shares of the Internet television network’s stock worth $452,541,000 after buying an additional 571,126 shares during the last quarter. 82.77% of the stock is currently owned by institutional investors.

Netflix Company Profile

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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