Netflix, Inc. (NASDAQ:NFLX) – Analysts at KeyCorp decreased their Q4 2018 earnings estimates for shares of Netflix in a research note issued on Monday. KeyCorp analyst A. Hargreaves now forecasts that the Internet television network will post earnings per share of $0.61 for the quarter, down from their prior forecast of $0.65. KeyCorp currently has a “Buy” rating and a $230.00 target price on the stock.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.03). The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.97 billion. Netflix had a return on equity of 14.56% and a net margin of 4.04%. The business’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.12 EPS.
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NFLX has been the subject of a number of other reports. Sanford C. Bernstein set a $203.00 price target on Netflix and gave the company a “buy” rating in a report on Wednesday, August 30th. Citigroup Inc. lifted their price target on Netflix from $180.00 to $205.00 and gave the company a “neutral” rating in a report on Friday, October 13th. Morgan Stanley reaffirmed an “overweight” rating and issued a $185.00 price target (up from $175.00) on shares of Netflix in a report on Thursday, July 13th. Vetr cut Netflix from a “sell” rating to a “strong sell” rating and set a $162.49 price target for the company. in a report on Monday, September 18th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $175.00 price target on shares of Netflix in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirty-four have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $205.69.
Netflix (NFLX) traded down 0.50% during midday trading on Thursday, reaching $194.16. 5,995,568 shares of the company traded hands. The company has a market cap of $83.96 billion, a price-to-earnings ratio of 193.97 and a beta of 1.09. Netflix has a 12-month low of $110.68 and a 12-month high of $204.38. The company has a 50-day moving average price of $186.73 and a 200-day moving average price of $167.39.
In other news, Director Leslie J. Kilgore sold 868 shares of the stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $202.00, for a total value of $175,336.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jonathan Friedland sold 3,622 shares of the stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $194.89, for a total value of $705,891.58. The disclosure for this sale can be found here. In the last three months, insiders sold 305,288 shares of company stock valued at $55,168,715. Insiders own 4.90% of the company’s stock.
Several hedge funds have recently modified their holdings of NFLX. Almanack Investment Partners LLC. acquired a new stake in Netflix during the second quarter worth approximately $101,000. TD Capital Management LLC acquired a new stake in Netflix during the second quarter worth approximately $105,000. Appropriate Balance Financial Services Inc. grew its stake in Netflix by 5.6% during the second quarter. Appropriate Balance Financial Services Inc. now owns 702 shares of the Internet television network’s stock worth $4,701,000 after purchasing an additional 37 shares during the period. SRS Capital Advisors Inc. grew its stake in Netflix by 3,361.9% during the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock worth $107,000 after purchasing an additional 706 shares during the period. Finally, Harfst & Associates Inc. acquired a new stake in Netflix during the first quarter worth approximately $109,000. 81.02% of the stock is owned by institutional investors.
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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