Netflix, Inc. (NASDAQ:NFLX) – Stock analysts at B. Riley upped their FY2018 earnings per share (EPS) estimates for Netflix in a research note issued on Tuesday. B. Riley analyst B. Crockett now anticipates that the Internet television network will post earnings per share of $2.06 for the year, up from their prior forecast of $1.98. B. Riley currently has a “Neutral” rating on the stock.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.97 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. The company’s revenue was up 30.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 earnings per share.
Shares of Netflix (NFLX) traded down $4.03 on Wednesday, reaching $217.50. The company’s stock had a trading volume of 9,068,100 shares, compared to its average volume of 7,964,850. The firm has a market cap of $94,120.00, a P/E ratio of 219.70, a PEG ratio of 3.59 and a beta of 1.34. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20. Netflix has a 52 week low of $131.06 and a 52 week high of $226.07.
A number of large investors have recently modified their holdings of the stock. Quadrant Capital Group LLC boosted its holdings in Netflix by 0.6% during the second quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock worth $229,000 after buying an additional 10 shares in the last quarter. Kalos Management Inc. boosted its holdings in Netflix by 0.7% during the second quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock worth $242,000 after buying an additional 12 shares in the last quarter. Laurel Wealth Advisors Inc. boosted its holdings in Netflix by 1.6% during the second quarter. Laurel Wealth Advisors Inc. now owns 3,452 shares of the Internet television network’s stock worth $515,000 after buying an additional 53 shares in the last quarter. Sii Investments Inc. WI boosted its stake in Netflix by 2.1% in the 2nd quarter. Sii Investments Inc. WI now owns 3,075 shares of the Internet television network’s stock worth $460,000 after purchasing an additional 64 shares during the period. Finally, Sunbelt Securities Inc. boosted its stake in Netflix by 2.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 3,103 shares of the Internet television network’s stock worth $464,000 after purchasing an additional 65 shares during the period. Hedge funds and other institutional investors own 83.27% of the company’s stock.
In related news, Director Ann Mather sold 3,885 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $200.00, for a total transaction of $777,000.00. Following the completion of the sale, the director now directly owns 1,015 shares in the company, valued at $203,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jonathan Friedland sold 2,743 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $205.59, for a total transaction of $563,933.37. Following the sale, the insider now owns 1,147 shares of the company’s stock, valued at $235,811.73. The disclosure for this sale can be found here. Insiders sold 340,579 shares of company stock valued at $66,238,533 over the last quarter. Insiders own 4.90% of the company’s stock.
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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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