Netflix, Inc. (NASDAQ:NFLX) – KeyCorp increased their Q1 2018 EPS estimates for shares of Netflix in a report released on Thursday. KeyCorp analyst A. Hargreaves now anticipates that the Internet television network will post earnings per share of $0.53 for the quarter, up from their previous forecast of $0.50. KeyCorp has a “Overweight” rating and a $270.00 price target on the stock. KeyCorp also issued estimates for Netflix’s Q2 2018 earnings at $0.61 EPS, Q3 2018 earnings at $0.64 EPS and FY2018 earnings at $2.47 EPS.
Several other research firms have also recently weighed in on NFLX. Vetr cut shares of Netflix from a “buy” rating to a “hold” rating and set a $229.01 price target for the company. in a report on Monday, January 15th. Wedbush set a $93.00 price objective on shares of Netflix and gave the stock a “sell” rating in a research report on Friday. Goldman Sachs Group set a $250.00 price objective on shares of Netflix and gave the stock a “buy” rating in a research report on Friday. UBS Group reissued a “buy” rating and issued a $265.00 price objective (up previously from $225.00) on shares of Netflix in a research report on Friday. Finally, B. Riley reissued a “hold” rating and issued a $211.00 price objective on shares of Netflix in a research report on Friday. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirty-five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $213.56.
In other news, Director Leslie J. Kilgore sold 2,373 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $220.99, for a total value of $524,409.27. Following the completion of the transaction, the director now owns 35,994 shares of the company’s stock, valued at $7,954,314.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard N. Barton sold 350 shares of the stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $185.71, for a total transaction of $64,998.50. Following the completion of the transaction, the director now directly owns 7,171 shares of the company’s stock, valued at approximately $1,331,726.41. The disclosure for this sale can be found here. Insiders have sold 258,216 shares of company stock worth $50,391,195 over the last quarter. Corporate insiders own 4.90% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Balentine LLC lifted its holdings in shares of Netflix by 1,020.4% in the third quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock worth $100,000 after acquiring an additional 500 shares during the last quarter. Aviance Capital Management LLC bought a new position in shares of Netflix in the second quarter worth about $137,000. Steward Partners Investment Advisory LLC bought a new position in shares of Netflix in the third quarter worth about $171,000. Grove Bank & Trust lifted its holdings in shares of Netflix by 249.6% in the third quarter. Grove Bank & Trust now owns 958 shares of the Internet television network’s stock worth $174,000 after acquiring an additional 684 shares during the last quarter. Finally, Clear Perspective Advisors LLC lifted its holdings in shares of Netflix by 13.9% in the second quarter. Clear Perspective Advisors LLC now owns 1,228 shares of the Internet television network’s stock worth $183,000 after acquiring an additional 150 shares during the last quarter. 83.27% of the stock is owned by hedge funds and other institutional investors.
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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.
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