News headlines about Netflix (NASDAQ:NFLX) have been trending somewhat positive this week, according to InfoTrie. The research group identifies positive and negative media coverage by reviewing more than 6,000 blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Netflix earned a coverage optimism score of 1.14 on their scale. InfoTrie also gave media coverage about the Internet television network an news buzz score of 0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Netflix’s analysis:
NFLX has been the topic of a number of analyst reports. Loop Capital upgraded Netflix from a “hold” rating to a “buy” rating and upped their price objective for the stock from $395.00 to $425.00 in a research note on Monday, June 3rd. BidaskClub cut Netflix from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. Royal Bank of Canada set a $450.00 price objective on Netflix and gave the stock a “buy” rating in a research note on Monday. BMO Capital Markets dropped their price objective on Netflix from $470.00 to $440.00 and set an “outperform” rating on the stock in a research note on Thursday, July 18th. Finally, JPMorgan Chase & Co. dropped their price objective on Netflix from $450.00 to $425.00 and set an “overweight” rating on the stock in a research note on Thursday, July 18th. Four investment 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 issued a strong buy rating to the company. Netflix currently has a consensus rating of “Buy” and a consensus price target of $391.57.
NASDAQ:NFLX opened at $291.77 on Thursday. The stock’s 50-day simple moving average is $320.22 and its 200 day simple moving average is $350.76. The firm has a market capitalization of $127.60 billion, a PE ratio of 108.87, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 2.06. Netflix has a twelve month low of $231.23 and a twelve month high of $386.80.
Netflix (NASDAQ:NFLX) last posted its earnings results on Wednesday, July 17th. The Internet television network reported $0.60 EPS for the quarter, beating the consensus estimate of $0.56 by $0.04. The firm had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.93 billion. Netflix had a return on equity of 20.88% and a net margin of 6.53%. The business’s quarterly revenue was up 26.0% on a year-over-year basis. During the same period last year, the company earned $0.85 earnings per share. On average, analysts anticipate that Netflix will post 3.26 EPS for the current fiscal year.
In other Netflix news, Director Ann Mather sold 1,208 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $375.00, for a total value of $453,000.00. Following the completion of the transaction, the director now directly owns 357 shares in the company, valued at $133,875. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Reed Hastings sold 52,269 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $300.10, for a total value of $15,685,926.90. Following the transaction, the chief executive officer now owns 52,269 shares of the company’s stock, valued at $15,685,926.90. The disclosure for this sale can be found here. Insiders sold 160,717 shares of company stock valued at $52,621,735 over the last quarter. Corporate insiders own 3.72% of the company’s stock.
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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