March 22, 2018

Netflix shares top $200 for the first time

14 October 2017, 01:07 | Cesar Cruz



Among 52 analysts covering Netflix (NASDAQ:NFLX), 36 have Buy rating, 2 Sell and 14 Hold. That new target suggests a 17% upside from current levels.

A number of other equities research analysts also recently commented on the company. Cantor Fitzgerald restated an "overweight" rating and issued a $190.00 price target on shares of Netflix in a research report on Thursday, July 13th. FBR & Co raised their price objective on Netflix from $144.00 to $145.00 and gave the stock a "mkt perform" rating in a report on Tuesday, April 18th. The institutional investor held 206,005 shares of the consumer services company at the end of 2017Q2, valued at $30.78 million, up from 147,035 at the end of the previous reported quarter.

Goldman Sachs reiterated its buy rating on Netflix and upped its price target to 235 from 200.

Netflix stock broke out of a cup-with-handle base at a buy point of 190.05 on October 5. He estimates that more than 40% of USA households have a subscription, and like Terry, he expects the company's original content slate to continue driving subscriber and share growth. On Tuesday, September 1 the stock rating was maintained by Raymond James with "Buy".

American entertainment company Netflix's shares hit an all-time high on Friday, surging past $200 for the first time ever, an event that is widely being discerned as a "milestone" for the video streaming company that is posing a challenge to the otherwise traditional media industry. The stock has been active on the tape, now trading at $195.86, up from yesterday's close by 0.47%.

Here we'll take a quick glance at how the stock price is now trading in relation to some of its simple moving averages. The Internet television network reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.01). What's more, revenue is seen soaring almost 30% to $2.97 billion.

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EPS Growth this year is 51.5 percent. Netflix's revenue was up 32.3% on a year-over-year basis.

JPMorgan analyst Doug Anmuth lowered his estimate for net subscriber additions for the fourth quarter by 255,000 to 6.7 million due to a modest uptick in churn, but said the fee increase was clearly a positive for Netflix.

TRADEMARK VIOLATION WARNING: This piece was reported by BBNS and is the property of of BBNS. He's also positive on the company's global strategies, which include localization, deals on set-top boxes and more local original content. The correct version of this story can be read at

After jumping as much as 2.5 percent to $200.82, the stock pulled back slightly to $198.75 a share.

The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $84.49B. Future earnings predictions are perhaps the most essential input when trying to value a company. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jonathan Friedland sold 2,496 shares of Netflix stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $188.61, for a total transaction of $20,598,852.54. Following the sale, the director now owns 7,652 shares in the company, valued at approximately $1,250,872.44. Moving out to look at the previous month performance, the stock is at 6.65%. Moreover, Pnc Fin has 0.02% invested in Netflix, Inc. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network's stock worth $229,000 after purchasing an additional 10 shares during the last quarter.

"For anyone who still questions whether Netflix has pricing power", Juenger asks regarding the recent price hike, which brings its mid-tier plan from $11 to $12 per month and its top-level plan from $12 to $14, "How many businesses can you name that have done that?" Vanguard Group Inc. now owns 27,950,272 shares of the Internet television network's stock valued at $4,176,049,000 after buying an additional 789,190 shares during the last quarter. State Street Corp grew its stake in shares of Netflix by 2.7% in the first quarter. Sfmg Ltd Company holds 0.07% of its portfolio in Netflix, Inc. BlackRock Inc. now owns 25,663,728 shares of the Internet television network's stock worth $3,834,416,000 after purchasing an additional 423,968 shares in the last quarter.

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