Netflix, Inc. (NASDAQ:NFLX) – Research analysts at Cantor Fitzgerald reduced their FY2018 earnings per share (EPS) estimates for Netflix in a report released on Tuesday. Cantor Fitzgerald analyst K. Paulson now forecasts that the Internet television network will post earnings per share of $1.64 for the year, down from their prior estimate of $2.02. Cantor Fitzgerald currently has a “Buy” rating and a $235.00 price target on the stock.

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets reiterated a “market perform” rating and issued a $180.00 price objective (up previously from $150.00) on shares of Netflix in a research report on Tuesday, July 18th. Needham & Company LLC reiterated a “hold” rating on shares of Netflix in a research report on Tuesday, July 18th. Bank of America Corporation reiterated a “buy” rating and issued a $199.00 price objective (up previously from $184.00) on shares of Netflix in a research report on Tuesday, July 18th. Vetr upgraded Netflix from a “sell” rating to a “hold” rating and set a $165.09 price objective on the stock in a research report on Wednesday, August 16th. Finally, Wedbush reiterated a “hold” rating and issued a $190.00 price objective (up previously from $180.00) on shares of Netflix in a research report on Wednesday. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirty-four have assigned a buy rating to the company’s stock. Netflix currently has a consensus rating of “Buy” and a consensus price target of $205.69.

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Shares of Netflix (NASDAQ NFLX) traded down 0.50% during trading on Friday, hitting $194.16. The stock had a trading volume of 5,988,547 shares. The company has a market cap of $83.96 billion, a PE ratio of 193.97 and a beta of 1.09. The firm’s 50 day moving average is $186.18 and its 200 day moving average is $167.05. Netflix has a 1-year low of $98.38 and a 1-year high of $200.82.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 the consensus estimate of $2.97 billion. During the same quarter in the previous year, the business posted $0.12 EPS. The company’s revenue for the quarter was up 30.3% on a year-over-year basis.

In other news, insider Jonathan Friedland sold 3,622 shares of the company’s stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $194.89, for a total transaction of $705,891.58. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Reed Hastings sold 109,214 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $188.61, for a total transaction of $20,598,852.54. Following the sale, the chief executive officer now owns 109,214 shares in the company, valued at $20,598,852.54. The disclosure for this sale can be found here. Insiders have sold a total of 305,288 shares of company stock worth $55,168,715 over the last 90 days. Corporate insiders own 4.90% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in NFLX. Tower Research Capital LLC TRC purchased a new stake in Netflix in the 2nd quarter worth about $1,045,000. Calamos Advisors LLC raised its position in Netflix by 198.5% in the 2nd quarter. Calamos Advisors LLC now owns 208,945 shares of the Internet television network’s stock worth $31,218,000 after purchasing an additional 138,945 shares during the period. Alps Advisors Inc. purchased a new stake in Netflix in the 2nd quarter worth about $262,000. Guardian Life Insurance Co. of America raised its position in Netflix by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock worth $245,000 after purchasing an additional 11 shares during the period. Finally, Teachers Advisors LLC raised its position in Netflix by 2.0% in the 1st quarter. Teachers Advisors LLC now owns 1,300,531 shares of the Internet television network’s stock worth $192,231,000 after purchasing an additional 25,266 shares during the period. Hedge funds and other institutional investors own 81.02% 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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