Published: Tue, July 18, 2017
Research | By Jo Caldwell

Netflix Streams Higher Earnings for Second Quarter

Netflix Streams Higher Earnings for Second Quarter

Vetr lowered shares of Netflix from a "buy" rating to a "hold" rating and set a $166.13 price objective for the a research note on Thursday, May 25th.

Meanwhile, Rosenblatt Securities analyst Alan Gould maintained his neutral rating and 155 price target on Netflix. Jefferies maintained the shares of NFLX in report on Monday, June 26 with "Hold" rating. Citigroup maintained it with "Neutral" rating and $120 target in Tuesday, October 18 report.

Goldman Sachs has a Buy rating with a $175 price target. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold". The stock has an average rating of "Buy" and a consensus price target of $151.47.

Netflix (NASDAQ:NFLX) opened at 161.12 on Friday. The company has a 50-day moving average of $157.80 and a 200-day moving average of $144.87.

The company counted close to 104 million subscribers worldwide for the period that ended in June, almost 2% higher than it had forecasted. The company has a market capitalization of $69.39 billion, a price-to-earnings ratio of 208.29 and a beta of 0.99.

Netflix is expecting global subscriber additions of 3.65 million for the current quarter, compared with analysts' average estimate of 3.2 million. The average revenue per share growth rate of Netflix, Inc. during the past 12 months was 31.8 percent.

Netflix also reported profits of 15 cents per share on revenue of $2.79 billion for the quarter, virtually in line with Wall Street's estimates. Internationally, Netflix's app download growth has accelerated in the second quarter, up 43.2% year-over-year in the quarter vs. up 8.4% year-over-year in the previous first quarter, according to DiClemente.

But to catch all these fish, Netflix is spending more than $6 billion on original content this year alone, up by $1 billion from last year.

WARNING: This piece of content was reported by Sports Perspectives and is owned by of Sports Perspectives. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. The legal version of this news story can be viewed at The shares were sold at an average price of $145.38, for a total transaction of $290,760.00. "Similarly, the company's CEO HASTINGS REED on 2017-06-20 Sell 115577 shares of the company at a price of $152.63". The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The shares were sold at an average price of $140.97, for a total transaction of $12,968,394.18. The disclosure for this sale can be found here.

In other Netflix news, Director Richard N. Barton sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 28th. Investors measure stock performance on the basis of a company's earnings power.

A number of hedge funds have recently modified their holdings of NFLX. Quest Investment Management Inc. Netflix is due to report second-quarter results after the market close. Fred Alger Management Inc. boosted its stake in Netflix by 86.1% in the fourth quarter. Harfst & Associates Inc. bought a new stake in Netflix during the first quarter valued at approximately $109,000. The firm now has a "buy" rating on the Internet television network's stock.

Netflix Company Profile Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, worldwide streaming and Domestic DVD.

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