Netflix Earnings Preview: Stock Hits Record High In Countdown To Results

Lloyd Doyle
January 23, 2018

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 16th.

Analysts often look at short interest, or the number of shares now being shorted by investors, to aid in their outlook for a particular stock.

The so-called FANG stocks are getting ready to show their teeth, with the four internet giants set to report their quarterly results, starting off with Netflix (NFLX).

Loop Capital has a Buy rating with a $252 price target. Wedbush set a $93.00 price target on shares of Netflix and gave the stock a sell rating in a report on Tuesday, October 17th.

"We think Q4 will be another impressive holiday quarter for Amazon, and believe the recent focus on hardware launches may intensify further purchase activity", wrote Graham, who has a buy rating on Amazon and price target of 1,500. KeyCorp reiterated an overweight rating and issued a $270.00 price objective (up previously from $230.00) on shares of Netflix in a research note on Friday.

Shares of Netflix traded up about 2% at $225.77 on Monday, with a consensus analyst price target of $222.73 and a 52-week range of $137.03 to $227.00.

In a related development, the company crossed the $100 billion mark for its market cap after the thumping performance during the fourth quarter reslt announcement. Netflix stock has gained 63% in the past 12 months, with the S&P 500 index rising 24%. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.47. The shares were sold at an average price of $185.71, for a total value of $64,998.50. Lincoln National Corp now owns 4,094 shares of the Internet television network's stock valued at $742,000 after buying an additional 268 shares during the period.

"We had a lovely Q4, completing a great year as internet TV expands globally", Netflix said in a letter to shareholders. Also, Director Richard N. Barton sold 350 shares of the firm's stock in a transaction that occurred on Thursday, December 7th. Following the completion of the transaction, the chief executive officer now owns 91,861 shares of the company's stock, valued at $17,364,484.83. The disclosure for this sale can be found here. Insiders own 4.90% of the company's stock.

Several institutional investors have recently added to or reduced their stakes in the company. TRUE Private Wealth Advisors increased its position in shares of Netflix by 240.9% during the fourth quarter. The Internet television network reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.01. Mizuho Securities USA LLC purchased a new position in shares of Netflix during the third quarter valued at approximately $9,793,000. Sii Investments Inc. WI increased its position in shares of Netflix by 2.1% during the second quarter. Harfst & Associates Inc. now owns 1,015 shares of the Internet television network's stock valued at $151,000 after acquiring an additional 273 shares during the last quarter. If you are viewing this article on another publication, it was illegally stolen and republished in violation of United States and worldwide copyright and trademark laws. Truepoint Inc. now owns 402,416 shares of the Internet television network's stock worth $402,000 after purchasing an additional 400,197 shares during the period.

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