Earnings on the Doorstep For Netflix, Inc

Judith Bessette
Julho 17, 2017

Netflix, Inc.is a provider an Internet television network. (NASDAQ:NFLX) stock may see increased volatility following the report. Livforsakringsbolaget Skandia Omsesidigt's holdings in Netflix were worth $1,220,000 at the end of the most recent reporting period.

For Netflix shares to go higher, the company needs to grow its subscriber base while continuing to sell investors on the promise of profitability some time in the future. Eqis Capital Management Inc. increased its stake in Netflix by 10.7% in the second quarter. Ltd. now owns 770 shares of the Internet television network's stock valued at $114,000 after buying an additional 150 shares during the period. Clean Yield Group acquired a new stake in shares of Netflix during the first quarter worth $103,000. The firm acquired 5,121 shares of the Internet television network's stock, valued at approximately $288,000.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, April 17th. OR purchased a new position in shares of Netflix during the fourth quarter valued at approximately $265,000. Institutional investors and hedge funds own 82.77% of the company's stock. Looking at the stock's movement on the chart, Netflix, Inc. recorded a 52-week high of $166.87. Also, CEO Reed Hastings sold 91,994 shares of Netflix stock in a transaction on Thursday, April 20th. The firm has a market cap of $69.44 billion, a P/E ratio of 208.43 and a beta of 0.99. The firm has a 50 day moving average price of $157.81 and a 200-day moving average price of $144.87. (NASDAQ:NFLX) opened at 161.12 on Monday. The Internet television network reported $0.40 EPS for the quarter, beating the Zacks' consensus estimate of $0.37 by $0.03. The firm had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $2.64 billion. Netflix's revenue for the quarter was up 34.7% compared to the same quarter previous year. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road.

AO Asset Management LLC decreased its position in Netflix, Inc. "(NFLX)" was originally posted by BNB Daily and is the property of of BNB Daily. If you are accessing this news story on another domain, it was copied illegally and reposted in violation of U.S. & worldwide trademark & copyright laws. The original version of this news story can be accessed at https://www.baseball-news-blog.com/2017/07/17/harwood-advisory-group-llc-boosts-stake-in-netflix-inc-nflx.html. Marianas Fund Management Ltd Liability has invested 1.03% in Netflix, Inc.

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Jefferies has a Hold rating with a $141 price target. The stock now has a consensus rating of "Buy" and a consensus price target of $151.47.

FBR has a Market Perform rating with a $145 price target. Zacks Investment Research cut Netflix from a buy rating to a hold rating in a report on Tuesday, March 7th. Sanford C. Bernstein reaffirmed a "buy" rating and issued a $178.00 price objective on shares of Netflix in a research note on Wednesday, May 31st. Netflix now has an average rating of "Buy" and a consensus target price of $151.70. Also, Director Leslie J. Kilgore sold 1,078 shares of the stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $147.39, for a total transaction of $147,390.00. Following the completion of the sale, the general counsel now directly owns 41,629 shares in the company, valued at $6,244,350. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

In other news, Director Richard N. Barton sold 2,000 shares of the stock in a transaction dated Wednesday, April 19th. The disclosure for this sale can be found here. Insiders have sold 421,458 shares of company stock valued at $64,206,893 in the last quarter. Corporate insiders own 4.90% of the company's stock. That's based on an expectation the company added 3.23 million subscribers, including 631,000 domestic streaming additions and 2.59 million global subs. The Domestic streaming segment includes services that streams content to its members in the United States. If you are accessing this story on another site, it was illegally copied and reposted in violation of United States & worldwide copyright and trademark laws. Suntrust Robinson maintained the shares of NFLX in report on Tuesday, October 13 with "Hold" rating.

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