B. Riley Comments on Netflix, Inc.’s FY2019 Earnings (NFLX)

Netflix, Inc. (NASDAQ:NFLX) – Equities research analysts at B. Riley lifted their FY2019 earnings per share (EPS) estimates for shares of Netflix in a report issued on Friday. B. Riley analyst B. Crockett now anticipates that the Internet television network will post earnings of $3.28 per share for the year, up from their previous estimate of $3.21. B. Riley has a “Hold” rating and a $211.00 price target on the stock. B. Riley also issued estimates for Netflix’s FY2020 earnings at $4.97 EPS.

NFLX has been the subject of several other research reports. Credit Suisse Group set a $224.00 price target on Netflix and gave the company a “neutral” rating in a research note on Monday, January 8th. BidaskClub cut Netflix from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Citigroup boosted their price target on Netflix from $180.00 to $205.00 and gave the company a “neutral” rating in a research note on Friday, October 13th. Vetr raised Netflix from a “buy” rating to a “strong-buy” rating and set a $214.83 price target for the company in a research note on Friday, December 22nd. Finally, Loop Capital boosted their price target on Netflix from $237.00 to $241.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirty-five have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $213.56.

Shares of Netflix (NASDAQ NFLX) traded up $6.04 during midday trading on Monday, hitting $226.50. The company had a trading volume of 7,060,000 shares, compared to its average volume of 6,720,000. The company has a market cap of $98,010.00, a PE ratio of 228.79, a price-to-earnings-growth ratio of 3.56 and a beta of 1.34. Netflix has a 1-year low of $137.03 and a 1-year high of $227.00. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.47.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Balentine LLC increased its position in shares of Netflix by 1,020.4% during the third quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock valued at $100,000 after purchasing an additional 500 shares during the period. Aviance Capital Management LLC bought a new stake in shares of Netflix during the second quarter valued at approximately $137,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Netflix during the third quarter valued at approximately $171,000. Grove Bank & Trust increased its position in shares of Netflix by 249.6% during the third quarter. Grove Bank & Trust now owns 958 shares of the Internet television network’s stock valued at $174,000 after purchasing an additional 684 shares during the period. Finally, Clear Perspective Advisors LLC increased its position in shares of Netflix by 13.9% during the second quarter. Clear Perspective Advisors LLC now owns 1,228 shares of the Internet television network’s stock valued at $183,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 83.27% of the company’s stock.

In other news, General Counsel David A. Hyman sold 63,378 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $198.90, for a total transaction of $12,605,884.20. Following the completion of the transaction, the general counsel now directly owns 43,071 shares in the company, valued at $8,566,821.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jonathan Friedland sold 972 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $225.12, for a total value of $218,816.64. Following the transaction, the insider now owns 972 shares of the company’s stock, valued at $218,816.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 258,216 shares of company stock valued at $50,391,195. Corporate insiders own 4.90% of the company’s stock.

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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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