News articles about Netflix (NASDAQ:NFLX) have trended somewhat negative this week, InfoTrie reports. The research group rates the sentiment of news coverage by monitoring more than 6,000 blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Netflix earned a daily sentiment score of -1.33 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 news coverage is extremely unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have impacted Netflix’s analysis:
- Here’s Where The Idea For Netflix’s Let It Snow Came From – Refinery29 (refinery29.com)
- ‘Klaus’: Why Netflix’s Santa Origin Myth Is a 2D Gamechanger – IndieWire (indiewire.com)
- From Disney+ to Netflix, here’s how the streaming wars will change the future of entertainment – Vox.com (vox.com)
- What to Watch on Netflix This Weekend: The Best New Movies & TV Shows – Collider.com (collider.com)
- OECD weaves net to stop Google, Facebook and Netflix from shifting profit (business-standard.com)
NFLX has been the topic of a number of research analyst reports. Wedbush reaffirmed an “underperform” rating and issued a $188.00 price target on shares of Netflix in a research note on Thursday, October 17th. Imperial Capital reaffirmed an “outperform” rating and issued a $446.00 price target (down from $451.00) on shares of Netflix in a research note on Monday, October 28th. Credit Suisse Group reaffirmed a “buy” rating and issued a $440.00 price target on shares of Netflix in a research note on Thursday, October 17th. Nomura lifted their price target on Netflix from $310.00 to $330.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Finally, BMO Capital Markets reduced their price objective on Netflix from $470.00 to $440.00 and set an “outperform” rating on the stock in a research report on Thursday, July 18th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $369.54.
NASDAQ:NFLX opened at $291.57 on Friday. Netflix has a 52 week low of $231.23 and a 52 week high of $385.99. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $126.11 billion, a P/E ratio of 108.79, a P/E/G ratio of 2.88 and a beta of 1.25. The stock’s fifty day moving average is $276.43 and its two-hundred day moving average is $323.02.
Netflix (NASDAQ:NFLX) last posted its earnings results on Wednesday, October 16th. The Internet television network reported $1.47 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.42. Netflix had a return on equity of 23.65% and a net margin of 7.49%. The company had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.25 billion. During the same quarter in the previous year, the business earned $0.89 earnings per share. The company’s revenue for the quarter was up 31.2% on a year-over-year basis. Sell-side analysts anticipate that Netflix will post 3.33 earnings per share for the current fiscal year.
In other Netflix news, CEO Reed Hastings sold 40,061 shares of Netflix stock in a transaction on Monday, October 21st. The stock was sold at an average price of $275.64, for a total value of $11,042,414.04. Following the sale, the chief executive officer now owns 40,061 shares in the company, valued at $11,042,414.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 135,702 shares of company stock worth $38,290,015 in the last 90 days. Company insiders own 4.29% of the company’s stock.
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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