Netflix Inc. (NASDAQ:NFLX) – Equities researchers at Dougherty & Co raised their Q4 2016 EPS estimates for shares of Netflix in a research report issued on Tuesday. Dougherty & Co analyst S. Frankel now anticipates that the brokerage will post earnings per share of $0.13 for the quarter, up from their prior forecast of $0.07. Dougherty & Co currently has a “Neutral” rating on the stock. Dougherty & Co also issued estimates for Netflix’s Q3 2017 earnings at $0.32 EPS and Q4 2017 earnings at $0.34 EPS.

Other equities research analysts have also issued reports about the company. Royal Bank Of Canada restated an “outperform” rating and set a $140.00 price objective on shares of Netflix in a research report on Tuesday, June 28th. Jefferies Group restated an “underperform” rating and set a $76.00 price objective (down from $80.00) on shares of Netflix in a research report on Sunday, July 17th. Wedbush restated an “underperform” rating and set a $50.00 price objective (up from $45.00) on shares of Netflix in a research report on Sunday, July 17th. SunTrust Banks Inc. reaffirmed a “hold” rating on shares of Netflix in a research note on Sunday, July 17th. Finally, BTIG Research reaffirmed a “buy” rating and set a $130.00 price target (down from $150.00) on shares of Netflix in a research note on Sunday, July 17th. Eight investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-eight have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $115.73.

Earnings History and Estimates for Netflix (NASDAQ:NFLX)

Netflix (NASDAQ:NFLX) traded up 2.7478% during trading on Wednesday, hitting $122.0541. The stock had a trading volume of 14,743,222 shares. The firm has a market cap of $52.33 billion, a PE ratio of 381.4191 and a beta of 1.14. The company’s 50-day moving average is $99.60 and its 200 day moving average is $96.38. Netflix has a 52 week low of $79.95 and a 52 week high of $133.27.

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

In other Netflix news, Director Jay C. Hoag acquired 600,000 shares of the company’s stock in a transaction on Monday, July 25th. The shares were 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Reed Hastings sold 116,431 shares of the company’s stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $86.59, for a total value of $10,081,760.29. Following the completion of the sale, the chief executive officer now owns 116,431 shares in the company, valued at approximately $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 added to or reduced their stakes in the stock. 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 in 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 in the last quarter. 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 valued at $140,000 after buying an additional 26 shares in the last quarter. Conning Inc. raised its stake 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 in the last quarter. Finally, Mycio Wealth Partners LLC raised its stake 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 in the last quarter. Hedge funds and other institutional investors own 78.41% 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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