Netflix Inc. (NASDAQ:NFLX) – Equities researchers at Oppenheimer Holdings upped their FY2016 earnings per share (EPS) estimates for shares of Netflix in a research report issued on Monday. Oppenheimer Holdings analyst J. Helfstein now anticipates that the firm will earn $0.40 per share for the year, up from their prior forecast of $0.30. Oppenheimer Holdings currently has a “Outperform” rating and a $114.00 price target on the stock. Oppenheimer Holdings also issued estimates for Netflix’s Q4 2016 earnings at $0.13 EPS, Q1 2017 earnings at $0.13 EPS, Q2 2017 earnings at $0.22 EPS, Q3 2017 earnings at $0.25 EPS, Q4 2017 earnings at $0.24 EPS and FY2019 earnings at $3.38 EPS.

Several other analysts have also recently weighed in on NFLX. Zacks Investment Research raised shares of Netflix from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a research note on Tuesday, June 21st. Sanford C. Bernstein reaffirmed an “underperform” rating and set a $62.00 price objective on shares of Netflix in a research note on Wednesday, June 22nd. Cantor Fitzgerald reaffirmed a “buy” rating and set a $140.00 price objective on shares of Netflix in a research note on Thursday, June 23rd. Pacific Crest reaffirmed a “buy” rating and set a $130.00 price objective on shares of Netflix in a research note on Wednesday, June 22nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $140.00 price objective on shares of Netflix in a research note on Tuesday, June 28th. Eight analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $115.73.

Earnings History and Estimates for Netflix (NASDAQ:NFLX)

Netflix (NASDAQ:NFLX) traded up 2.45% during midday trading on Wednesday, hitting $121.70. The stock had a trading volume of 13,717,201 shares. The stock’s 50 day moving average price is $99.60 and its 200-day moving average price is $96.38. Netflix has a 52 week low of $79.95 and a 52 week high of $133.27. The company has a market cap of $52.18 billion, a PE ratio of 380.31 and a beta of 1.14.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, October 17th. The Internet television network reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.06. Netflix had a net margin of 1.99% and a return on equity of 6.45%. The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter last year, the company posted $0.07 earnings per share. Netflix’s revenue was up 31.7% on a year-over-year basis.

Several hedge funds have recently bought and sold shares of the company. Fulton Bank N.A. raised its stake in Netflix by 0.3% in the third quarter. Fulton Bank N.A. now owns 4,450 shares of the Internet television network’s stock valued at $439,000 after buying an additional 12 shares during the last quarter. Concorde Asset Management LLC raised its stake in Netflix by 0.5% in the second quarter. Concorde Asset Management LLC now owns 4,205 shares of the Internet television network’s stock valued at $385,000 after buying an additional 20 shares during the last quarter. Coconut Grove Bank raised its position in Netflix by 1.7% in the second quarter. Coconut Grove Bank now owns 1,526 shares of the Internet television network’s stock valued at $140,000 after buying an additional 26 shares during the last quarter. Conning Inc. raised its position in Netflix by 0.3% in the second quarter. Conning Inc. now owns 10,915 shares of the Internet television network’s stock valued at $999,000 after buying an additional 30 shares during the last quarter. Finally, Mycio Wealth Partners LLC raised its position in Netflix by 1.5% in the second quarter. Mycio Wealth Partners LLC now owns 2,348 shares of the Internet television network’s stock valued at $215,000 after buying an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 78.41% of the company’s stock.

In other news, Director Jay C. Hoag bought 600,000 shares of Netflix stock in a transaction dated Monday, July 25th. The stock was purchased at an average price of $86.43 per share, for a total transaction of $51,858,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard N. Barton sold 2,800 shares of the company’s stock in a transaction on Thursday, October 6th. The stock was sold at an average price of $104.27, for a total transaction of $291,956.00. Following the completion of the sale, the director now owns 15,254 shares of the company’s stock, valued at approximately $1,590,534.58. The disclosure for this sale can be found here. 4.90% of the stock is currently owned by insiders.

About Netflix

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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