New Original Shows, 5 Million Added Subscribers Boost Shares — Netflix Stock Price

Netflix Inc
Netflix Inc
Author

18 July, 2017

That brought the company's total subscriber base to 103.95 million, including 99.04 million paid subscribers.

8,856 were reported by Lpl Fincl Limited Liability Corporation.

Analysts await Netflix, Inc. (NASDAQ:NFLX) shares have seen a move of 30.15%. $1.40M worth of Netflix, Inc. (NYSE:MRK). First Bank Na holds 1.33% or 114,858 shares. Keybank Association Oh reported 12,130 shares or 0.01% of all its holdings. Citadel Advsrs Ltd Llc stated it has 0.22% of its portfolio in Netflix, Inc. (NASDAQ:NFLX) for 1,870 shares. Northeast Inv Mgmt owns 3,500 shares or 0.04% of their U.S. portfolio. Howard Hughes Med Institute accumulated 4,430 shares.

Since January 18, 2017, it had 0 buys, and 28 insider sales for $66.89 million activity. Also, insider Gregory K. Peters sold 6,853 shares of Netflix stock in a transaction that occurred on Tuesday, May 30th. HYMAN DAVID A sold $724,123 worth of Netflix, Inc.

CEO Reed Hastings first announced Netflix's 100-million-member milestone in April, days after Netflix's last earnings announcement. Shares of the streaming company were pummeled in after-hours trading following that earnings report. With a return potential of 4%, the stock's consensus target price stands at $167.67. Finally, Instinet reaffirmed a "buy" rating on shares of Netflix in a research note on Friday, June 2nd.

Netflix said revenue rose 32.3 percent to $2.79 billion in the quarter. Therefore 65% are positive.

Several other analysts also recently issued reports on the company. The stock of Netflix, Inc.

Dougherty analyst Steven Frankel maintained his buy rating on Dolby and upped his price target to 62 from 57. The firm has "Neutral" rating by Robert W. Baird given on Tuesday, April 19. Citigroup maintained it with "Neutral" rating and $120 target in Tuesday, October 18 report.

After all, subscribers traditionally have been the key driver behind Netflix shares. On Tuesday, October 18 the stock rating was maintained by Robert W. Baird with "Neutral". Pacific Crest has "Overweight" rating and $125 target. (NASDAQ:NFLX). Wetherby Asset reported 5,979 shares stake. It is now trading 5.75% off that level. AQR Capital Management LLC boosted its position in Netflix by 176.9% in the fourth quarter. It has outperformed by 58.64% the S&P500. The fund owned 1,785 shares of the Internet television network's stock after selling 20 shares during the period. The company has market cap of $70.72 billion.

Netflix now has a bigger worldwide base of users than domestic, marking a tipping point for the streaming service. It has a 211.36 P/E ratio. In a quarter that included the hyped, conversation-starter 13 Reasons Why, original content was robust this quarter- a quarter that is typically not the video streaming giant's most ideal.

More notable recent Netflix, Inc.

Netflix wants to reinvent movies in the same way it did TV, according to its Q2 earnings letter posted Monday.

"With our content strategy paying off in strong member, revenue and profit growth, we think it's wise to continue to invest", Netflix said in its earnings release (pdf) today. More interesting news about Netflix, Inc.


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