Netflix, Inc. (NASDAQ:NFLX) – Analysts at Imperial Capital lifted their Q3 2019 EPS estimates for shares of Netflix in a report issued on Tuesday, April 9th. Imperial Capital analyst D. Miller now anticipates that the Internet television network will post earnings of $1.28 per share for the quarter, up from their previous forecast of $1.27. Imperial Capital currently has a “Outperform” rating and a $463.00 price target on the stock.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, January 17th. The Internet television network reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.06. The firm had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.21 billion. Netflix had a return on equity of 25.82% and a net margin of 7.67%. The company’s revenue for the quarter was up 27.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 earnings per share.

Several other analysts have also issued reports on the company. Wedbush reiterated a “sell” rating and set a $150.00 target price on shares of Netflix in a report on Monday, January 14th. JPMorgan Chase & Co. lowered their price target on Netflix from $425.00 to $425.00 and set an “overweight” rating on the stock in a research report on Monday, January 14th. Raymond James raised Netflix from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock from $435.00 to $450.00 in a research report on Friday, January 11th. Goldman Sachs Group reissued a “conviction-buy” rating and set a $400.00 price target on shares of Netflix in a research report on Friday, January 4th. Finally, Nomura reissued a “neutral” rating and set a $300.00 price target on shares of Netflix in a research report on Monday, January 7th. Seven analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $375.71.

NFLX stock opened at $363.92 on Thursday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.49 and a current ratio of 1.49. The stock has a market cap of $159.23 billion, a price-to-earnings ratio of 135.79, a price-to-earnings-growth ratio of 3.06 and a beta of 1.36. Netflix has a 1-year low of $231.23 and a 1-year high of $423.21.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. bought a new stake in Netflix during the first quarter worth $21,701,000. Dfpg Investments Inc. lifted its stake in shares of Netflix by 15.7% in the 1st quarter. Dfpg Investments Inc. now owns 2,585 shares of the Internet television network’s stock valued at $951,000 after acquiring an additional 350 shares during the last quarter. Broadleaf Partners LLC bought a new position in shares of Netflix in the 1st quarter valued at $2,563,000. PagnatoKarp Partners LLC bought a new position in shares of Netflix in the 1st quarter valued at $391,000. Finally, Strategic Blueprint LLC bought a new position in shares of Netflix in the 1st quarter valued at $211,000. Hedge funds and other institutional investors own 76.10% of the company’s stock.

In other Netflix news, Director Anne M. Sweeney sold 2,569 shares of the company’s stock in a transaction on Tuesday, January 15th. The stock was sold at an average price of $350.00, for a total transaction of $899,150.00. Following the completion of the sale, the director now directly owns 539 shares in the company, valued at $188,650. 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 52,458 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $367.25, for a total value of $19,265,200.50. Following the sale, the chief executive officer now owns 52,458 shares of the company’s stock, valued at $19,265,200.50. The disclosure for this sale can be found here. Insiders have sold 186,950 shares of company stock worth $65,620,477 in the last three months. 4.29% of the stock is currently owned by company insiders.

Netflix Company Profile

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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