Dougherty & Co Comments on Netflix, Inc.’s Q4 2017 Earnings (NFLX)
Netflix, Inc. (NASDAQ:NFLX) – Dougherty & Co raised their Q4 2017 earnings per share (EPS) estimates for Netflix in a research report issued to clients and investors on Tuesday. Dougherty & Co analyst S. Frankel now expects that the Internet television network will post earnings per share of $0.41 for the quarter, up from their previous estimate of $0.37. Dougherty & Co also issued estimates for Netflix’s FY2018 earnings at $2.55 EPS.
NFLX has been the subject of a number of other reports. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $205.00 target price (up from $165.00) on shares of Netflix in a report on Tuesday, July 18th. Stifel Nicolaus raised their target price on shares of Netflix from $200.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, October 12th. J P Morgan Chase & Co reissued an “overweight” rating and issued a $225.00 target price (up from $210.00) on shares of Netflix in a report on Friday, October 13th. Vetr raised shares of Netflix from a “hold” rating to a “buy” rating and set a $210.19 target price for the company in a report on Thursday. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $190.00 target price on shares of Netflix in a report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and thirty-four have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $205.69.
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Shares of Netflix (NASDAQ:NFLX) traded down 0.84% during midday trading on Thursday, hitting $193.90. 3,769,948 shares of the stock were exchanged. The firm has a 50-day moving average of $185.59 and a 200-day moving average of $166.85. The company has a market capitalization of $83.84 billion, a P/E ratio of 193.71 and a beta of 1.09. Netflix has a 1-year low of $98.38 and a 1-year high of $200.82.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). Netflix had a net margin of 4.04% and a return on equity of 14.56%. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.97 billion. During the same period last year, the company posted $0.12 EPS. Netflix’s revenue for the quarter was up 30.3% on a year-over-year basis.
In other news, insider Jonathan Friedland sold 3,617 shares of the stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $203.35, for a total transaction of $735,516.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Reed Hastings sold 109,214 shares of the stock in a transaction on Monday, July 24th. The stock was sold at an average price of $188.61, for a total value of $20,598,852.54. Following the transaction, the chief executive officer now owns 109,214 shares of the company’s stock, valued at $20,598,852.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 305,288 shares of company stock valued at $55,168,715. Company insiders own 4.90% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NFLX. FMR LLC grew its holdings in shares of Netflix by 12.4% during the 2nd quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock worth $3,531,042,000 after purchasing an additional 2,605,731 shares during the period. Janus Henderson Group PLC boosted its holdings in Netflix by 3,478.1% during the 2nd quarter. Janus Henderson Group PLC now owns 2,041,458 shares of the Internet television network’s stock valued at $305,014,000 after acquiring an additional 1,984,404 shares during the period. Jennison Associates LLC boosted its holdings in Netflix by 14.0% during the 2nd quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network’s stock valued at $2,208,891,000 after acquiring an additional 1,814,056 shares during the period. Vanguard Group Inc. boosted its holdings in Netflix by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 27,161,082 shares of the Internet television network’s stock valued at $4,014,680,000 after acquiring an additional 921,283 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its holdings in Netflix by 22,622.2% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 814,592 shares of the Internet television network’s stock valued at $121,708,000 after acquiring an additional 811,007 shares during the period. Institutional investors and hedge funds own 81.02% of the company’s stock.
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.
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