Media coverage about Netflix (NASDAQ:NFLX) has been trending somewhat negative this week, according to InfoTrie. The research firm rates the sentiment of media coverage by analyzing more than 6,000 news and blog sources. 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 news sentiment score of -1.33 on their scale. InfoTrie also assigned headlines about the Internet television network an news buzz score of 0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news headlines that may have effected Netflix’s analysis:
- A Look at Netflix’s Ever-Increasing Physical Footprint in International Territories – Variety (variety.com)
- Netflix CEO Reed Hastings Weighs In On Streaming Rivals, ‘Patriot Act’ Edits, Movie Theater Windows, And More – Deadline (deadline.com)
- A 911 supervisor was streaming Netflix at work when dispatchers mishandled a shooting call – CNN (cnn.com)
- Netflix drops trailer for ‘Dolly Parton’s Heartstrings’ filmed in Georgia – 11Alive.com WXIA (11alive.com)
- Three weird streaming services you should check out once your Netflix trial is over – The Next Web (thenextweb.com)
Shares of NASDAQ:NFLX opened at $288.59 on Thursday. Netflix has a 12 month low of $231.23 and a 12 month high of $385.99. The stock has a market cap of $128.22 billion, a price-to-earnings ratio of 107.68, a PEG ratio of 2.93 and a beta of 1.25. The stock’s 50 day moving average price is $276.31 and its 200 day moving average price is $323.72. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.73 and a quick ratio of 0.73.
Netflix (NASDAQ:NFLX) last announced its earnings results on Wednesday, October 16th. The Internet television network reported $1.47 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.25 billion. During the same quarter in the previous year, the company earned $0.89 earnings per share. The firm’s quarterly revenue was up 31.2% compared to the same quarter last year. On average, sell-side analysts expect that Netflix will post 3.33 EPS for the current year.
Several equities analysts have recently issued reports on the company. Credit Suisse Group reiterated a “buy” rating and set a $440.00 price objective on shares of Netflix in a research report on Thursday, October 17th. Guggenheim reduced their price objective on Netflix from $420.00 to $400.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Zacks Investment Research downgraded Netflix from a “hold” rating to a “sell” rating and set a $295.00 price objective for the company. in a research report on Friday, October 11th. Imperial Capital reiterated an “outperform” rating and set a $446.00 price objective (down from $451.00) on shares of Netflix in a research report on Monday, October 28th. Finally, Morgan Stanley reduced their price objective on Netflix from $450.00 to $400.00 and set an “overweight” rating for the company in a research report on Monday, October 14th. 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 has a consensus rating of “Hold” and a consensus price target of $369.54.
In other Netflix news, CEO Reed Hastings sold 40,061 shares of the company’s 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 transaction, the chief executive officer now owns 40,061 shares of the company’s stock, valued at $11,042,414.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 135,702 shares of company stock worth $38,290,015 in the last ninety days. 3.72% of the stock is owned by corporate insiders.
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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