Netflix Inc. (NASDAQ:NFLX) – SunTrust Banks dropped their FY2017 earnings per share (EPS) estimates for shares of Netflix in a note issued to investors on Wednesday. SunTrust Banks analyst R. Peck now expects that the firm will post earnings per share of $0.90 for the year, down from their prior forecast of $1.00. SunTrust Banks currently has a “Neutral” rating and a $100.00 target price on the stock.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank Of Canada reiterated an “outperform” rating and set a $140.00 price objective on shares of Netflix in a research report on Tuesday, June 28th. Jefferies Group reiterated an “underperform” rating and set a $76.00 price objective (down previously from $80.00) on shares of Netflix in a research report on Sunday, July 17th. Wedbush restated an “underperform” rating and issued a $50.00 price target (up previously from $45.00) on shares of Netflix in a research report on Sunday, July 17th. BTIG Research restated a “buy” rating and issued a $130.00 price target (down previously from $150.00) on shares of Netflix in a research report on Sunday, July 17th. Finally, Vetr cut shares of Netflix from a “strong-buy” rating to a “buy” rating and set a $100.98 price target on the stock. in a research report on Tuesday, August 2nd. Seven investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $110.97.

Earnings History and Estimates for Netflix (NASDAQ:NFLX)

Shares of Netflix (NASDAQ:NFLX) opened at 104.82 on Friday. The firm’s 50-day moving average is $98.20 and its 200 day moving average is $96.33. The stock has a market cap of $44.94 billion, a PE ratio of 327.56 and a beta of 1.14. Netflix has a 12 month low of $79.95 and a 12 month high of $133.27.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, July 18th. The Internet television network reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.06 EPS.

In other Netflix news, Director Richard N. Barton sold 700 shares of the business’s stock in a transaction on Monday, July 11th. The stock was sold at an average price of $96.19, for a total transaction of $67,333.00. Following the sale, the director now directly owns 15,562 shares in the company, valued at $1,496,908.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Reed Hastings sold 116,431 shares of the business’s stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $86.59, for a total value of $10,081,760.29. Following the sale, the chief executive officer now owns 116,431 shares in the company, valued at $10,081,760.29. The disclosure for this sale can be found here. Corporate insiders own 4.90% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Canada Pension Plan Investment Board increased its stake in Netflix by 1.1% in the first quarter. Canada Pension Plan Investment Board now owns 46,963 shares of the Internet television network’s stock worth $4,801,000 after buying an additional 500 shares during the last quarter. Wexford Capital LP purchased a new stake in Netflix during the first quarter worth approximately $3,582,000. Meiji Yasuda Asset Management Co Ltd. increased its stake in Netflix by 16.4% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,201 shares of the Internet television network’s stock worth $225,000 after buying an additional 310 shares during the last quarter. AMF Pensionsforsakring AB increased its stake in Netflix by 280.3% in the first quarter. AMF Pensionsforsakring AB now owns 265,621 shares of the Internet television network’s stock worth $27,154,000 after buying an additional 195,771 shares during the last quarter. Finally, Motley Fool Wealth Management LLC increased its stake in Netflix by 3.6% in the first quarter. Motley Fool Wealth Management LLC now owns 30,876 shares of the Internet television network’s stock worth $3,156,000 after buying an additional 1,073 shares during the last quarter. Institutional investors own 78.43% of the company’s stock.

Netflix Company Profile

Netflix, Inc (Netflix) is a provider of Internet television network. The Company’s members can watch original series, documentaries and feature films in Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content.

5 Day Chart for NASDAQ:NFLX

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