News coverage about Netflix (NASDAQ:NFLX) has been trending somewhat negative this week, according to InfoTrie. InfoTrie rates the sentiment of press coverage by monitoring more than 6,000 news and blog sources. 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 media sentiment score of -1.49 on their scale. InfoTrie also assigned media stories about the Internet television network an news buzz score of 0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have impacted Netflix’s ranking:
- New Releases on Netflix: March 26th, 2020 – What’s on Netflix (whats-on-netflix.com)
- New Girl is 146 hilarious episodes, all on Netflix – Vox.com (vox.com)
- The 21 best horror movies you can stream on Netflix right now – Insider – INSIDER (insider.com)
- PS5 May Have Massive Advantage Over PC Thanks to Netflix-Style Feature (ccn.com)
- Online Lottery Ticket Sales Growing As Consumers Embrace Online Purchasing Platforms (prweb.com)
A number of equities analysts have recently commented on the stock. Citigroup lifted their price target on shares of Netflix from $325.00 to $350.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Bank of America restated a “buy” rating and issued a $426.00 price objective on shares of Netflix in a report on Wednesday, February 5th. William Blair reaffirmed a “buy” rating on shares of Netflix in a research report on Thursday, January 23rd. UBS Group set a $400.00 target price on Netflix and gave the stock a “buy” rating in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. set a $410.00 price target on Netflix and gave the company a “buy” rating in a research report on Wednesday, March 18th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Netflix currently has a consensus rating of “Buy” and a consensus price target of $381.58.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $1.30 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.78. The firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.45 billion. Netflix had a net margin of 9.26% and a return on equity of 28.45%. The business’s quarterly revenue was up 30.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 earnings per share. As a group, equities analysts predict that Netflix will post 6.06 earnings per share for the current year.
In other Netflix news, CEO Reed Hastings sold 57,197 shares of the company’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $355.77, for a total transaction of $20,348,976.69. Following the transaction, the chief executive officer now owns 57,197 shares in the company, valued at $20,348,976.69. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jay C. Hoag sold 1,894 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $371.75, for a total transaction of $704,094.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 220,560 shares of company stock worth $79,422,333. 4.29% of the stock is owned by company insiders.
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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