The stock of Netflix, Inc. (NASDAQ:NFLX) is a huge mover today! About 6.96 million shares traded hands. Netflix, Inc. (NASDAQ:NFLX) has risen 5.50% since February 29, 2016 and is uptrending. It has underperformed by 6.71% the S&P500.
The move comes after 9 months positive chart setup for the $44.96B company. It was reported on Oct, 3 by Barchart.com. We have $138.86 PT which if reached, will make NASDAQ:NFLX worth $15.74B more.
Analysts await Netflix, Inc. (NASDAQ:NFLX) to report earnings on October, 12. They expect $0.06 EPS, down 14.29% or $0.01 from last year’s $0.07 per share. NFLX’s profit will be $26.22 million for 428.67 P/E if the $0.06 EPS becomes a reality. After $0.09 actual EPS reported by Netflix, Inc. for the previous quarter, Wall Street now forecasts -33.33% negative EPS growth.
Netflix, Inc. (NASDAQ:NFLX) Ratings Coverage
Out of 41 analysts covering Netflix (NASDAQ:NFLX), 25 rate it a “Buy”, 5 “Sell”, while 11 “Hold”. This means 61% are positive. Netflix has been the topic of 88 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Nomura maintained Netflix, Inc. (NASDAQ:NFLX) rating on Tuesday, July 19. Nomura has “Buy” rating and $110 price target. RBC Capital Markets maintained the shares of NFLX in a report on Tuesday, August 18 with “Buy” rating. The stock of Netflix, Inc. (NASDAQ:NFLX) has “Neutral” rating given on Tuesday, July 19 by UBS. The stock of Netflix, Inc. (NASDAQ:NFLX) has “Outperform” rating given on Wednesday, January 20 by FBR Capital. Cantor Fitzgerald maintained Netflix, Inc. (NASDAQ:NFLX) on Tuesday, July 19 with “Buy” rating. The stock has “Buy” rating given by Stifel Nicolaus on Monday, August 10. The rating was maintained by JP Morgan on Wednesday, January 20 with “Overweight”. BMO Capital Markets maintained Netflix, Inc. (NASDAQ:NFLX) rating on Tuesday, July 19. BMO Capital Markets has “Perform” rating and $85 price target. The company was maintained on Tuesday, September 27 by JP Morgan. On Thursday, October 15 the stock rating was maintained by Oppenheimer with “Outperform”.
According to Zacks Investment Research, “Netflix is the world’s leading Internet television network with millions of subscribers in nearly 50 countries who have access to an ever-expanding library of TV shows and movies, including original programming, documentaries and feature films. The company offers the ability to watch as subscribers want, anytime, anywhere, on nearly any Internet-connected screen.”
Insitutional Activity: The institutional sentiment increased to 1.13 in 2016 Q2. Its up 0.26, from 0.87 in 2016Q1. The ratio is positive, as 100 funds sold all Netflix, Inc. shares owned while 184 reduced positions. 88 funds bought stakes while 232 increased positions. They now own 333.23 million shares or 7.72% less from 361.10 million shares in 2016Q1.
Reilly Advisors Limited Liability Company holds 738 shares or 0.01% of its portfolio. Walleye Trading Limited Liability has 60,308 shares for 0.04% of their US portfolio. First Merchants last reported 0.17% of its portfolio in the stock. Gareth Morgan Invests Lp, a New Zealand-based fund reported 109,223 shares. Tru Department Mb Fin Savings Bank N A last reported 0% of its portfolio in the stock. Mizuho Asset Management Coltd has 0.09% invested in the company for 5,731 shares. Texas Permanent School Fund last reported 0.17% of its portfolio in the stock. The New York-based Meru Group Incorporated Ltd Partnership has invested 1.27% in Netflix, Inc. (NASDAQ:NFLX). Adirondack Co holds 290 shares or 0.02% of its portfolio. Royal London Asset Ltd holds 136,263 shares or 0.2% of its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) owns 59,319 shares or 0.07% of their US portfolio. Next Century Growth Invsts Ltd Liability Company owns 24,324 shares or 0.1% of their US portfolio. Oakworth Capital holds 0.01% or 192 shares in its portfolio. Calamos Advsr Ltd Liability Corporation holds 0.03% or 45,400 shares in its portfolio. Glg Ltd Com, a New York-based fund reported 1,078 shares.
Insider Transactions: Since April 5, 2016, the stock had 2 buys, and 19 sales for $32.09 million net activity. HASTINGS REED had sold 81,816 shares worth $7.84M on Wednesday, April 20. 6,300 shares were sold by BARTON RICHARD N, worth $630,000. 16,172 shares with value of $1.56 million were sold by HALEY TIMOTHY M on Thursday, April 21. 300,000 Netflix, Inc. (NASDAQ:NFLX) shares with value of $28.29M were bought by HOAG JAY C.
More notable recent Netflix, Inc. (NASDAQ:NFLX) news were published by: Fool.com which released: “3 Terrible Reasons to Sell Netflix, Inc.” on September 29, 2016, also Fool.com with their article: “Here’s What’s in Store for Netflix Inc. Investors in October” published on September 27, 2016, Fool.com published: “Netflix Inc.’s “50% Originals” Goal: What You Need to Know” on September 22, 2016. More interesting news about Netflix, Inc. (NASDAQ:NFLX) were released by: Seekingalpha.com and their article: “Netflix Seems Poised For A Sharp Decline In Share Price” published on October 03, 2016 as well as Fool.com‘s news article titled: “Better Buy: Netflix, Inc. vs. Time Warner” with publication date: September 16, 2016.
NFLX Company Profile
Netflix, Inc. (Netflix), incorporated on August 29, 1997, is a well-known provider of Internet television network. The Company’s members can watch original series, documentaries and feature films in Internet-connected screen. The Firm has three operating divisions: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming divisions derive revenues from monthly membership fees for services consisting of streaming content. The Domestic DVD segment derives revenues from monthly membership fees for services consisting of digital video disc (DVD)-by-mail.
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