Netflix Binges On Price-Target Hikes Ahead Of Q3 Earnings

Above Netflix Image Credit Paul Sawers  VentureBeat
Above Netflix Image Credit Paul Sawers VentureBeat
Author

14 October, 2017

Netflix, Inc. (NFLX) stock price rose 93.81 percent over the past one year, while increased 35.54 percent during the past 6 months. Short shares grew 1,217,032 over that timeframe. Consensus stands at 32 cents per share in earnings on $2.97 billion in revenue.

This milestone moment comes shortly after the company announced a price-hike in the USA and several other markets around the world. Morgan Stanley analyst Benjamin Swinburne also raised his price target from $195 to $225 ahead of the Netflix Q3 2017 earnings release, citing the company's price increase as a signal of its confidence. The Internet television network reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). Guardian Life Insurance Co. of America increased its stake in shares of Netflix by 0.7% during the 1st quarter. (NASDAQ:NFLX)'s stock has been 37.04% and 96.84% for the last 12 months. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network's stock valued at $245,000 after buying an additional 11 shares during the period. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network's stock worth $298,000 after purchasing an additional 12 shares during the last quarter.

Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments.

Netflix, Inc.is a provider an Internet television network. After the latest check-in, company stock is -0.43% off of the 50 day high and 20.89% away from the 50 day low price.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 2.26%, and has a solid year to date (YTD) performance of 5.1% which means that the stock is constantly adding to its value from the previous fiscal year end price. The stock has a market capitalization of $86.18 billion, a PE ratio of 242.83 and a beta of 1.09. Netflix has a one year low of $98.38 and a one year high of $200.82. (NASDAQ:NFLX) in a research note released on Monday. The company is global now, and worldwide subscriber growth shocked analysts in the second-quarter, prompting a surge in Netflix stock as a result. Netflix had a net margin of 2.11% and a return on equity of 7.51%.

Terry's estimate for 2018's results goes to $15.41 billion in revenue and $2 in EPS, up from his prior forecast for $14.75 billion and $1.89 per share. During the same period in the previous year, the company posted $0.09 EPS.

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Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, April 17th. Netflix, Inc. (NASDAQ:NFLX)'s EPS growth this year is 51.50% and the trailing 12-month EPS is $0.82. He's also positive on the company's global strategies, which include localization, deals on set-top boxes and more local original content. The original version of this article can be accessed at https://www.truebluetribune.com/2017/10/13/netflixs-nflx-buy-rating-reiterated-at-goldman-sachs-group-inc-the.html.

In other Netflix news, insider Jonathan Friedland sold 2,496 shares of Netflix stock in a transaction that occurred on Wednesday, July 19th. Castleark Management Llc bought 58,970 shares as the company's stock rose 10.41% with the market. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jonathan Friedland sold 2,496 shares of Netflix stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $194.00, for a total value of $175,182.00.

Several brokerages have issued reports on NFLX.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. Zacks Investment Research cut Netflix from a "buy" rating to a "hold" rating in a report on Tuesday, March 7th.

Bernstein reiterated its outperform rating on the company's shares on Thursday, predicting Netflix will thrive from its recent price increases without any big detrimental effects. Two investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and thirty have given a buy rating to the stock.


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