March 24, 2018

Stock Roundup: Netflix, Inc. (NFLX)

14 October 2017, 01:07 | Melvin Schneider

Above Netflix share history

Above Netflix share history

With better-than-expected results on the way Monday, look for NFLX to top $200 and rally further into all-time high territory.

A number of other equities research analysts also recently commented on the company. MKM Partners reaffirmed a "buy" rating and issued a $195.00 target price on shares of Netflix in a research report on Monday, July 10th.

"Looking at the history of past Netflix price increases, the impact on the pace of net sub additions has not been severe, and has been decidedly temporary - and we believe the Netflix service is even stronger and more entrenched now", analyst Todd Juenger wrote in a note to clients Thursday. Rosenblatt Securities reiterated a buy rating and set a $225.00 price objective (up previously from $200.00) on shares of Netflix in a research report on Friday, October 6th.

Netflix has increased the prices for new subscribers at a rate of 10 per cent per year since 2014, the analyst noted, and still has been able to increase its subscriber base to more than 50 million from 34 million. The company has a consensus rating of "Buy" and an average target price of $190.99.

Netflix shares were up 1.8%, near 199.30, in afternoon trading on the stock market today. With the last stock price up 20.77% relative to the two hundred day average, compared to the S&P 500 which has increased 0.03% over the same time. The company has a 50-day moving average price of $155.26 and a 200-day moving average price of $139.87. First Manhattan Company who had been investing in Alliance Holdings Gp for a number of months, seems to be less bullish one the $1.69 billion market cap company. Netflix Inc. has $230 highest and $125 lowest target.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, July 17th.

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In the intervening time, Bredow had physical custody, while Horne took charge of the boy on alternate weekends. Oakland County Judge Karen McDonald said even though Bredow was the primary caregiver, "dad gets a say".

Now the return on equity is 12.80% and its debt to equity is 1.55. Sales are seen rising 30% year-over-year to $2.97 billion in the September quarter.

For the current quarter, 26 analysts are projecting a mean EPS of $1.59/share.

ILLEGAL ACTIVITY WARNING: This story was first reported by StockNewsTimes and is the property of of StockNewsTimes. He's also positive on the company's worldwide strategies, which include localization, deals on set-top boxes and more local original content. Castleark Management Llc bought 58,970 shares as the company's stock rose 10.41% with the market. The stock was sold at an average price of $194.00, for a total value of $175,182.00. The sale was disclosed in a document filed with the SEC, which is available through this link. 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 $177.38, for a total transaction of $2,264,787.84.

The company now has an insider ownership of 0.1 Percent and Institutional ownership of 81 Percent. The stock gained 6.16 percent over the past month and rose 57.47 percent year-to-date. Perhaps, that suggests something about why 86.26% of the outstanding share supply is held by institutional investors.

Brief Synopsis About Netflix Inc. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network's stock worth $2,208,891,000 after purchasing an additional 1,814,056 shares in the last quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network's stock worth $245,000 after acquiring an additional 11 shares during the period. There has been an observed change of -68.18% in the ownership of the shares in the past six months. M Holdings Securities Inc. now owns 2,467 shares of the Internet television network's stock worth $365,000 after purchasing an additional 12 shares during the last quarter. Nordea Inv Management has invested 0.01% in Netflix, Inc. 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.

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