Netflix (NASDAQ:NFLX) Issues Earnings Results, Beats Estimates By $0.06 EPS

Netflix (NASDAQ:NFLX) announced its quarterly earnings data on Tuesday. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.21 by $0.06, Briefing.com reports. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10,141,900 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The company’s revenue was up 16.0% on a year-over-year basis. During the same period last year, the firm posted $2.11 EPS.

Netflix Price Performance

Shares of Netflix stock traded up $11.58 during trading hours on Tuesday, reaching $869.68. The stock had a trading volume of 9,034,773 shares, compared to its average volume of 3,643,469. The stock’s 50 day moving average is $885.64 and its 200 day moving average is $760.81. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix has a twelve month low of $479.90 and a twelve month high of $941.75. The firm has a market capitalization of $371.75 billion, a PE ratio of 49.22, a PEG ratio of 1.40 and a beta of 1.27.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on NFLX shares. Barclays increased their price target on Netflix from $550.00 to $715.00 and gave the company an “underweight” rating in a research note on Tuesday, January 14th. Jefferies Financial Group upped their price target on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. TD Cowen upped their target price on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Guggenheim boosted their price objective on Netflix from $825.00 to $950.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Finally, Morgan Stanley raised their price objective on Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus target price of $845.06.

Insider Activity at Netflix

In other news, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at $24,202,828.70. This trade represents a 0.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard N. Barton sold 5,698 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $756.00, for a total value of $4,307,688.00. Following the transaction, the director now directly owns 246 shares in the company, valued at approximately $185,976. The trade was a 95.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 152,198 shares of company stock worth $127,616,898 in the last 90 days. Corporate insiders own 1.76% of the company’s stock.

About Netflix

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.