Netflix, Inc. (NASDAQ:NFLX) – Jefferies Group issued their Q1 2019 earnings estimates for shares of Netflix in a research report issued on Tuesday. Jefferies Group analyst J. Janedis expects that the Internet television network will earn $1.16 per share for the quarter. Jefferies Group has a “Hold” rating on the stock. Jefferies Group also issued estimates for Netflix’s Q2 2019 earnings at $0.73 EPS.

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 consensus estimate of $0.16 by $0.01. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. Netflix had a return on equity of 12.82% and a net margin of 3.55%. Netflix’s revenue was up 32.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.09 EPS. TRADEMARK VIOLATION WARNING: This report was first posted by American Banking News and is the property of of American Banking News. If you are reading this report on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The original version of this report can be read at https://www.americanbankingnews.com/2017/08/11/netflix-inc-to-post-q1-2019-earnings-of-1-16-per-share-jefferies-group-forecasts-nflx.html.

A number of other analysts have also recently issued reports on NFLX. UBS AG reissued a “buy” rating and issued a $175.00 target price on shares of Netflix in a research report on Wednesday, April 19th. Cantor Fitzgerald reissued a “buy” rating and issued a $205.00 target price on shares of Netflix in a research report on Friday. J P Morgan Chase & Co reissued a “buy” rating on shares of Netflix in a research report on Wednesday. Wedbush reissued a “sell” rating on shares of Netflix in a research report on Wednesday. Finally, Vetr raised Netflix from a “sell” rating to a “hold” rating and set a $165.75 target price for the company in a research report on Thursday. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $175.13.

Shares of Netflix (NASDAQ:NFLX) traded up 1.34% during midday trading on Friday, reaching $171.40. The company’s stock had a trading volume of 5,002,349 shares. The company has a market cap of $74.00 billion, a P/E ratio of 208.52 and a beta of 1.02. The stock’s 50-day moving average price is $168.29 and its 200-day moving average price is $153.50. Netflix has a 12-month low of $93.26 and a 12-month high of $191.50.

Hedge funds have recently made changes to their positions in the stock. Advisor Group Inc. raised its stake in shares of Netflix by 11.0% in the second quarter. Advisor Group Inc. now owns 46,874 shares of the Internet television network’s stock valued at $6,613,000 after buying an additional 4,636 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Netflix by 88.5% in the second quarter. Nordea Investment Management AB now owns 37,414 shares of the Internet television network’s stock valued at $5,590,000 after buying an additional 17,564 shares in the last quarter. Cibc World Markets Corp raised its stake in shares of Netflix by 106.8% in the second quarter. Cibc World Markets Corp now owns 92,969 shares of the Internet television network’s stock valued at $13,890,000 after buying an additional 48,023 shares in the last quarter. Harfst & Associates Inc. raised its stake in shares of Netflix by 36.8% in the second quarter. Harfst & Associates Inc. now owns 1,015 shares of the Internet television network’s stock valued at $151,000 after buying an additional 273 shares in the last quarter. Finally, Suntrust Banks Inc. raised its stake in shares of Netflix by 18.1% in the second quarter. Suntrust Banks Inc. now owns 26,149 shares of the Internet television network’s stock valued at $3,905,000 after buying an additional 4,003 shares in the last quarter. 82.78% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Richard N. Barton sold 1,000 shares of the business’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $156.62, for a total value of $156,620.00. Following the completion of the sale, the director now directly owns 8,012 shares of the company’s stock, valued at $1,254,839.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Richard N. Barton sold 2,000 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $157.81, for a total value of $315,620.00. Following the completion of the sale, the director now directly owns 8,012 shares of the company’s stock, valued at $1,264,373.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 389,801 shares of company stock worth $64,889,201. Corporate insiders own 4.90% of the company’s stock.

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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