Somewhat Positive Media Coverage Somewhat Unlikely to Impact Netflix (NFLX) Stock Price
News articles about Netflix (NASDAQ:NFLX) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Netflix earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned media stories about the Internet television network an impact score of 45.1632810212726 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- Netflix, Inc. (NFLX) Director Richard N. Barton Sells 2,000 Shares (americanbankingnews.com)
- Options Traders Target Record Highs for Netflix Stock (schaeffersresearch.com)
- FANG Stocks News & Quotes: Facebook, Amazon, Netflix, Google (finance.yahoo.com)
- Netflix (NFLX) Stock Quotes, Company News And Chart Analysis (finance.yahoo.com)
- Amazon, Netflix May Be Hinting the Fun, Fun, Fun Is Over for This Market (finance.yahoo.com)
Netflix (NASDAQ NFLX) opened at 168.81 on Wednesday. The company’s 50-day moving average is $173.01 and its 200-day moving average is $155.72. Netflix has a 52-week low of $93.26 and a 52-week high of $191.50. The company has a market capitalization of $72.88 billion, a price-to-earnings ratio of 205.36 and a beta of 1.02.
Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.01. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The firm’s revenue for the quarter was up 32.3% compared to the same quarter last year. During the same period last year, the business posted $0.09 EPS. On average, analysts expect that Netflix will post $1.19 earnings per share for the current fiscal year.
A number of research firms have commented on NFLX. UBS AG restated a “buy” rating and issued a $175.00 price target on shares of Netflix in a research report on Monday, May 15th. BMO Capital Markets restated a “market perform” rating and issued a $180.00 price target (up from $150.00) on shares of Netflix in a research report on Tuesday, July 18th. Needham & Company LLC restated a “hold” rating on shares of Netflix in a research report on Tuesday, July 18th. Bank of America Corporation restated a “buy” rating and issued a $199.00 price target (up from $184.00) on shares of Netflix in a research report on Tuesday, July 18th. Finally, Vetr upgraded shares of Netflix from a “sell” rating to a “hold” rating and set a $165.09 price target on the stock in a research report on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $178.07.
In other Netflix news, Director Richard N. Barton sold 2,000 shares of Netflix stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $163.47, for a total value of $326,940.00. Following the sale, the director now owns 7,652 shares of the company’s stock, valued at approximately $1,250,872.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Neil D. Hunt sold 25,000 shares of Netflix stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $163.52, for a total value of $4,088,000.00. Following the completion of the sale, the insider now directly owns 484,952 shares in the company, valued at approximately $79,299,351.04. The disclosure for this sale can be found here. Insiders have sold a total of 373,435 shares of company stock worth $63,113,931 in the last three months. 4.90% of the stock is owned by corporate insiders.
Netflix Company Profile
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.
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