Netflix, Inc. (NASDAQ:NFLX – Get Rating) – Research analysts at KeyCorp boosted their Q4 2022 earnings estimates for shares of Netflix in a note issued to investors on Tuesday, January 17th. KeyCorp analyst J. Patterson now anticipates that the Internet television network will post earnings of $0.53 per share for the quarter, up from their previous estimate of $0.35. The consensus estimate for Netflix’s current full-year earnings is $10.31 per share. KeyCorp also issued estimates for Netflix’s FY2023 earnings at $11.61 EPS and FY2024 earnings at $14.18 EPS.
NFLX has been the subject of a number of other reports. Truist Financial boosted their price target on shares of Netflix from $210.00 to $339.00 and gave the company a “hold” rating in a research report on Tuesday. Morgan Stanley boosted their price target on shares of Netflix from $275.00 to $300.00 and gave the company an “equal weight” rating in a research report on Thursday. The Goldman Sachs Group boosted their price target on shares of Netflix from $225.00 to $230.00 and gave the company a “sell” rating in a research report on Friday. Evercore ISI boosted their price target on shares of Netflix from $340.00 to $400.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Societe Generale boosted their price target on shares of Netflix from $170.00 to $215.00 and gave the company a “sell” rating in a research report on Wednesday, November 30th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $338.47.
Netflix Price Performance
Netflix (NASDAQ:NFLX – Get Rating) last released its quarterly earnings data on Thursday, January 19th. The Internet television network reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.30). The firm had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.85 billion. Netflix had a return on equity of 27.64% and a net margin of 16.03%. Netflix’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the firm posted $1.33 earnings per share.
Institutional Trading of Netflix
Institutional investors have recently added to or reduced their stakes in the stock. Phocas Financial Corp. purchased a new stake in Netflix during the fourth quarter worth about $29,000. Yarbrough Capital LLC purchased a new stake in Netflix during the fourth quarter worth about $29,000. Gould Capital LLC purchased a new stake in Netflix during the second quarter worth about $26,000. Carolinas Wealth Consulting LLC boosted its holdings in Netflix by 27.6% during the third quarter. Carolinas Wealth Consulting LLC now owns 162 shares of the Internet television network’s stock worth $38,000 after buying an additional 35 shares in the last quarter. Finally, EWG Elevate Inc. purchased a new stake in shares of Netflix in the fourth quarter valued at about $48,000. Hedge funds and other institutional investors own 77.26% of the company’s stock.
Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.
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