Netflix, Inc. (NASDAQ:NFLX) – Stock analysts at William Blair reduced their FY2019 earnings estimates for Netflix in a research report issued on Thursday, July 18th. William Blair analyst R. Schackart now forecasts that the Internet television network will post earnings per share of $3.13 for the year, down from their previous forecast of $3.24. William Blair also issued estimates for Netflix’s FY2020 earnings at $5.41 EPS.

NFLX has been the subject of a number of other research reports. Imperial Capital reissued an “outperform” rating and set a $78.00 price objective (down previously from $83.00) on shares of Spirit Airlines in a research report on Friday, April 26th. Goldman Sachs Group began coverage on shares of Enbridge in a research report on Thursday. They set a “neutral” rating for the company. Rosenblatt Securities reissued a “neutral” rating and set a $370.00 price objective (up previously from $350.00) on shares of Netflix in a research report on Wednesday, July 10th. Loop Capital began coverage on shares of TENCENT HOLDING/ADR in a research report on Monday, June 3rd. They set a “buy” rating for the company. Finally, Barclays reissued a “buy” rating on shares of Netflix in a research report on Thursday, May 16th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Netflix presently has an average rating of “Buy” and a consensus price target of $390.47.

NASDAQ:NFLX opened at $315.10 on Friday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.61 and a current ratio of 0.85. Netflix has a 12 month low of $231.23 and a 12 month high of $386.80. The company has a market cap of $142.19 billion, a P/E ratio of 117.57, a PEG ratio of 3.29 and a beta of 1.26. The stock has a 50 day moving average of $361.42.

Netflix (NASDAQ:NFLX) last posted its earnings results on Wednesday, July 17th. The Internet television network reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. Netflix had a net margin of 6.53% and a return on equity of 20.88%. The business had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.93 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. The firm’s revenue was up 26.0% on a year-over-year basis.

In related news, CEO Reed Hastings sold 56,966 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $370.74, for a total transaction of $21,119,574.84. Following the transaction, the chief executive officer now directly owns 56,966 shares in the company, valued at approximately $21,119,574.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ann Mather sold 1,208 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $375.00, for a total transaction of $453,000.00. Following the transaction, the director now owns 357 shares in the company, valued at $133,875. The disclosure for this sale can be found here. Insiders have sold a total of 167,486 shares of company stock worth $60,955,416 over the last 90 days. Corporate insiders own 4.29% of the company’s stock.

A number of large investors have recently modified their holdings of NFLX. Magnus Financial Group LLC grew its stake in Netflix by 3.2% in the 1st quarter. Magnus Financial Group LLC now owns 1,120 shares of the Internet television network’s stock worth $399,000 after acquiring an additional 35 shares in the last quarter. Bach Investment Advisors Ltd lifted its position in shares of Netflix by 128.9% in the 1st quarter. Bach Investment Advisors Ltd now owns 1,224 shares of the Internet television network’s stock worth $436,000 after purchasing an additional 5,465 shares during the period. Northern Trust Corp lifted its position in shares of Netflix by 1.9% in the 1st quarter. Northern Trust Corp now owns 4,948,504 shares of the Internet television network’s stock worth $1,764,438,000 after purchasing an additional 90,312 shares during the period. Telos Capital Management Inc. lifted its position in shares of Netflix by 21.7% in the 1st quarter. Telos Capital Management Inc. now owns 1,236 shares of the Internet television network’s stock worth $441,000 after purchasing an additional 220 shares during the period. Finally, Winslow Evans & Crocker Inc. lifted its position in shares of Netflix by 58.1% in the 1st quarter. Winslow Evans & Crocker Inc. now owns 2,176 shares of the Internet television network’s stock worth $776,000 after purchasing an additional 800 shares during the period. Institutional investors own 77.02% of the company’s stock.

About Netflix

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Earnings History and Estimates for Netflix (NASDAQ:NFLX)

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