Netflix (NASDAQ:NFLX) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Netflix (NASDAQ:NFLX) announced its earnings results on Tuesday. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.20 by $0.07, Briefing.com reports. Netflix had a return on equity of 39.48% and a net margin of 22.34%. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10,141,900 billion. During the same quarter in the previous year, the business earned $2.11 earnings per share. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year.

Netflix Trading Up 9.7 %

NASDAQ:NFLX opened at $953.99 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a market cap of $407.79 billion, a PE ratio of 48.11, a price-to-earnings-growth ratio of 1.41 and a beta of 1.27. The stock has a fifty day moving average price of $886.64 and a 200 day moving average price of $762.07. Netflix has a 12-month low of $481.40 and a 12-month high of $999.00.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NFLX shares. Pivotal Research boosted their price target on Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a report on Wednesday. Evercore ISI boosted their target price on shares of Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Wednesday. Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Loop Capital upped their price target on Netflix from $925.00 to $1,000.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a research note on Wednesday. Nine analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $993.82.

Insider Buying and Selling

In other news, Chairman Reed Hastings sold 48,363 shares of Netflix stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the sale, the chairman now owns 114 shares in the company, valued at approximately $102,212.40. The trade was a 99.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total value of $5,596,374.32. Following the transaction, the director now directly owns 246 shares in the company, valued at approximately $216,327.48. This trade represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 152,198 shares of company stock worth $127,616,898. Company 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.