Netflix Inc. (NASDAQ:NFLX) – Equities researchers at FBR & Co dropped their Q4 2016 earnings per share (EPS) estimates for Netflix in a research report issued to clients and investors on Wednesday. FBR & Co analyst B. Crockett now anticipates that the brokerage will post earnings of $0.08 per share for the quarter, down from their prior forecast of $0.09. FBR & Co currently has a “Market Perform” rating and a $90.00 target price on the stock. FBR & Co also issued estimates for Netflix’s FY2017 earnings at $1.28 EPS, FY2018 earnings at $2.35 EPS and FY2019 earnings at $3.33 EPS.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, July 18th. The Internet television network reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. The business earned $2.11 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Netflix had a net margin of 1.85% and a return on equity of 5.59%. The business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period last year, the company posted $0.06 earnings per share.
A number of other equities analysts have also recently commented on the stock. SunTrust Banks Inc. reissued a “neutral” rating and issued a $100.00 price target on shares of Netflix in a research note on Wednesday. Loop Capital assumed coverage on shares of Netflix in a research note on Tuesday. They issued a “buy” rating and a $125.00 price target for the company. Robert W. Baird reissued a “neutral” rating and issued a $94.00 price target on shares of Netflix in a research note on Tuesday. Zacks Investment Research lowered shares of Netflix from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Vetr lowered shares of Netflix from a “buy” rating to a “hold” rating and set a $105.94 price objective for the company. in a report on Monday. Seven research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-seven have issued a buy rating to the stock. Netflix has an average rating of “Hold” and a consensus target price of $110.97.
Netflix (NASDAQ:NFLX) traded down 0.98% during midday trading on Thursday, reaching $105.24. 5,030,589 shares of the company’s stock were exchanged. Netflix has a 12-month low of $79.95 and a 12-month high of $133.27. The company has a market cap of $45.12 billion, a price-to-earnings ratio of 328.88 and a beta of 1.14. The firm has a 50-day moving average price of $97.70 and a 200 day moving average price of $96.24.
In related news, Director Richard N. Barton sold 1,400 shares of the stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $100.00, for a total transaction of $140,000.00. Following the transaction, the director now owns 16,262 shares of the company’s stock, valued at approximately $1,626,200. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Richard N. Barton sold 700 shares of the stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $96.19, for a total value of $67,333.00. Following the transaction, the director now directly owns 15,562 shares in the company, valued at approximately $1,496,908.78. The disclosure for this sale can be found here. Corporate insiders own 4.90% of the company’s stock.
A number of large investors have recently bought and sold shares of NFLX. Winslow Capital Management LLC bought a new stake in Netflix during the second quarter worth about $209,447,000. Capital World Investors raised its stake in Netflix by 32.4% in the second quarter. Capital World Investors now owns 6,656,926 shares of the Internet television network’s stock worth $608,976,000 after buying an additional 1,630,881 shares in the last quarter. Jericho Capital Asset Management L.P. bought a new stake in Netflix during the first quarter worth about $94,076,000. Capital Research Global Investors raised its stake in Netflix by 1.5% in the second quarter. Capital Research Global Investors now owns 49,967,802 shares of the Internet television network’s stock worth $4,571,055,000 after buying an additional 761,325 shares in the last quarter. Finally, Criterion Capital Management LLC raised its stake in Netflix by 241.5% in the second quarter. Criterion Capital Management LLC now owns 991,469 shares of the Internet television network’s stock worth $90,700,000 after buying an additional 701,119 shares in the last quarter. 78.43% of the stock is currently owned by institutional investors.