AO Asset Management LLC Lowers Stake in Netflix, Inc. (NASDAQ:NFLX)

Postado Julho 17, 2017

Finally, MKM Partners reaffirmed a "buy" rating and set a $195.00 target price on shares of Netflix in a research report on Monday, July 10th.

As Proactive reported last month, revenues are expected to surge over the next five years as the firm sees the number of paid sUBScribers continue to grow across the globe, according to a report from the Digital TV Research. The firm owned 8,167 shares of the Internet television network's stock at the end of the second quarter. Goldman Sachs Group, Inc. FMR LLC raised its stake in Netflix by 6.6% in the first quarter. Ltd. now owns 770 shares of the Internet television network's stock valued at $114,000 after buying an additional 150 shares during the period. Ltd. increased its stake in Netflix by 24.2% in the first quarter. Viking Global Investors LP now owns 6,469,312 shares of the Internet television network's stock valued at $800,901,000 after buying an additional 3,834,045 shares during the last quarter. CENTRAL TRUST Co now owns 849 shares of the Internet television network's stock worth $125,000 after buying an additional 682 shares during the period. SRS Capital Advisors Inc. boosted its stake in shares of Netflix by 3,361.9% in the first quarter. Another trade for 2,000 shares valued at $285,910 was made by BARTON RICHARD N on Tuesday, February 21. Netflix has a 12-month low of $84.50 and a 12-month high of $166.87.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, April 17th. The firm has a market capitalization of $69.44 billion, a price-to-earnings ratio of 208.43 and a beta of 0.98. The firm's 50 day moving average price is $157.80 and its 200-day moving average price is $144.87.

In April this year, Netflix said it added 4.95 million new sUBScribers in the first quarter, 3.53 million of whom were overseas. The Internet television network reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.03.

Looking forward, for the quarter ending Sep-17, 35 analysts have a mean sales target of 2,874.42 million. Netflix had a return on equity of 12.73% and a net margin of 3.55%. That value represents a market adjusting for revenues that have been growing by 34.68 % on a quarterly year/year basis as of the company's last quarterly report. During the same period in the previous year, the business earned $0.06 earnings per share. Analysts predict that Netflix, Inc. will post $1.05 EPS for the current year.

WARNING: This news story was first posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this story on another domain, it was illegally copied and republished in violation of USA & worldwide copyright laws. The correct version of this piece of content can be read at https://sportsperspectives.com/2017/07/17/netflix-inc-nflx-rating-lowered-to-hold-at-bidaskclub-updated-updated-updated-updated.html. Zacks Investment Research cut Netflix from a buy rating to a hold rating in a report on Tuesday, March 7th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $190.00 price target on shares of Netflix in a research report on Thursday. FBR & Co reissued a "market perform" rating and set a $145.00 price target on shares of Netflix in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-nine have issued a buy rating to the stock. Vetr's price target indicates a potential upside of 2.19% from the stock's current price.

Netflix has shuffled some top executives in recent months, adding chief product officer Greg Peters and feature film boss Scott Stuber. Following the completion of the sale, the insider now owns 19,999 shares of the company's stock, valued at approximately $3,000,249.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

In other news, Director Richard N. Barton sold 2,000 shares of the stock in a transaction dated Wednesday, April 19th. The stock was sold at an average price of $156.62, for a total value of $156,620.00. Following the sale, the director now owns 8,012 shares of the company's stock, valued at $1,236,331.72.