Netflix, Inc. (NASDAQ:NFLX) – Equities researchers at KeyCorp upped their Q1 2018 earnings estimates for shares of Netflix in a report issued on Thursday. KeyCorp analyst A. Hargreaves now anticipates that the Internet television network will post earnings per share of $0.53 for the quarter, up from their previous estimate of $0.50. KeyCorp has a “Overweight” rating and a $270.00 price target on the stock. KeyCorp also issued estimates for Netflix’s Q2 2018 earnings at $0.61 EPS, Q3 2018 earnings at $0.64 EPS and FY2018 earnings at $2.47 EPS.

Other research analysts have also issued research reports about the company. B. Riley reissued a “neutral” rating on shares of Netflix in a report on Wednesday, November 1st. Wedbush reissued a “hold” rating and set a $190.00 price objective (up previously from $180.00) on shares of Netflix in a report on Wednesday, October 18th. Cantor Fitzgerald reissued a “buy” rating and set a $205.00 price objective on shares of Netflix in a report on Thursday, October 5th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $225.00 target price (up previously from $200.00) on shares of Netflix in a research note on Friday, October 6th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $205.00 target price (up previously from $195.00) on shares of Netflix in a research note on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirty-five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $213.56.

Netflix (NASDAQ:NFLX) opened at $220.46 on Monday. Netflix has a twelve month low of $137.03 and a twelve month high of $226.07. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $95,400.00, a PE ratio of 222.69, a PEG ratio of 3.59 and a beta of 1.34.

Several institutional investors have recently added to or reduced their stakes in the stock. TRUE Private Wealth Advisors boosted its position in shares of Netflix by 240.9% during the fourth quarter. TRUE Private Wealth Advisors now owns 4,980 shares of the Internet television network’s stock valued at $955,000 after buying an additional 3,519 shares during the last quarter. Personal Capital Advisors Corp boosted its position in shares of Netflix by 5.4% during the fourth quarter. Personal Capital Advisors Corp now owns 160,512 shares of the Internet television network’s stock valued at $30,812,000 after buying an additional 8,245 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Netflix by 806.5% during the fourth quarter. State of Alaska Department of Revenue now owns 44,960 shares of the Internet television network’s stock valued at $8,629,000 after buying an additional 40,000 shares during the last quarter. Syntal Capital Partners LLC boosted its position in shares of Netflix by 81.5% during the fourth quarter. Syntal Capital Partners LLC now owns 8,127 shares of the Internet television network’s stock valued at $1,560,000 after buying an additional 3,649 shares during the last quarter. Finally, Oakbrook Investments LLC purchased a new stake in shares of Netflix during the fourth quarter valued at $840,000. 83.27% of the stock is currently owned by institutional investors.

In other news, insider Jonathan Friedland sold 972 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $225.12, for a total value of $218,816.64. Following the sale, the insider now directly owns 972 shares of the company’s stock, valued at $218,816.64. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Leslie J. Kilgore sold 1,589 shares of the stock in a transaction on Friday, January 12th. The shares were sold at an average price of $220.00, for a total value of $349,580.00. Following the sale, the director now directly owns 35,994 shares in the company, valued at $7,918,680. The disclosure for this sale can be found here. Over the last three months, insiders sold 258,216 shares of company stock worth $50,391,195. Insiders own 4.90% of the company’s stock.

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About Netflix

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.

Earnings History and Estimates for Netflix (NASDAQ:NFLX)

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