Netflix Inc. (NASDAQ:NFLX) – Research analysts at William Blair upped their Q4 2016 EPS estimates for shares of Netflix in a research report issued on Tuesday. William Blair analyst R. Schackart now expects that the brokerage will post earnings per share of $0.14 for the quarter, up from their previous estimate of $0.09. William Blair has a “Outperform” rating on the stock.

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

Earnings History and Estimates for Netflix (NASDAQ:NFLX)

NFLX has been the topic of several other reports. Needham & Company LLC lowered shares of Netflix from a “buy” rating to a “hold” rating and boosted their target price for the stock from $95.15 to $96.67 in a research report on Tuesday, July 5th. Pivotal Research restated a “buy” rating and set a $155.00 target price (up from $125.00) on shares of Netflix in a research report on Tuesday. Bank of America Corp. restated a “buy” rating and set a $146.00 target price on shares of Netflix in a research report on Friday, August 26th. Jefferies Group restated an “underperform” rating and set a $80.00 target price (up from $76.00) on shares of Netflix in a research report on Tuesday. Finally, Wedbush boosted their target price on shares of Netflix from $45.00 to $50.00 and gave the stock an “underperform” rating in a research report on Tuesday, July 19th. Eight investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-eight have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $115.73.

Shares of Netflix (NASDAQ:NFLX) traded up 2.749% on Wednesday, reaching $122.055. 14,741,523 shares of the company’s stock traded hands. Netflix has a 52 week low of $79.95 and a 52 week high of $133.27. The stock has a market capitalization of $52.33 billion, a price-to-earnings ratio of 381.422 and a beta of 1.14. The stock’s 50-day moving average price is $99.61 and its 200-day moving average price is $96.38.

A number of hedge funds have recently added to or reduced their stakes in the stock. Cornerstone Advisors Inc. raised its stake in Netflix by 25.6% in the second quarter. Cornerstone Advisors Inc. now owns 1,118 shares of the Internet television network’s stock worth $102,000 after buying an additional 228 shares during the period. Signature Estate & Investment Advisors LLC acquired a new stake in Netflix during the second quarter worth about $124,000. Quadrant Capital Group LLC raised its stake in Netflix by 15.1% in the second quarter. Quadrant Capital Group LLC now owns 1,475 shares of the Internet television network’s stock worth $126,000 after buying an additional 194 shares during the period. Coconut Grove Bank raised its stake in Netflix by 1.7% in the second quarter. Coconut Grove Bank now owns 1,526 shares of the Internet television network’s stock worth $140,000 after buying an additional 26 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. raised its stake in Netflix by 15.3% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,690 shares of the Internet television network’s stock worth $155,000 after buying an additional 224 shares during the period. 78.41% of the stock is currently owned by hedge funds and other institutional investors.

In other Netflix news, CEO Reed Hastings sold 116,431 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $10,081,760.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jay C. Hoag bought 600,000 shares of the stock in a transaction on Monday, July 25th. The stock was acquired at an average cost of $86.43 per share, for a total transaction of $51,858,000.00. The disclosure for this purchase can be found here. 4.90% of the stock is owned by corporate 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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