The stock of Netflix, Inc. (NASDAQ:NFLX) is a huge mover today! About 2.15 million shares traded hands. Netflix, Inc. (NASDAQ:NFLX) has risen 26.51% since April 26, 2016 and is uptrending. It has outperformed by 21.25% the S&P500.
The move comes after 8 months positive chart setup for the $50.48 billion company. It was reported on Nov, 29 by Barchart.com. We have $126.38 PT which if reached, will make NASDAQ:NFLX worth $3.53 billion more.
Analysts await Netflix, Inc. (NASDAQ:NFLX) to report earnings on January, 17. They expect $0.13 EPS, up 85.71% or $0.06 from last year’s $0.07 per share. NFLX’s profit will be $55.56M for 227.13 P/E if the $0.13 EPS becomes a reality. After $0.12 actual EPS reported by Netflix, Inc. for the previous quarter, Wall Street now forecasts 8.33% EPS growth.
Netflix, Inc. (NASDAQ:NFLX) Ratings Coverage
Out of 44 analysts covering Netflix (NASDAQ:NFLX), 26 rate it a “Buy”, 6 “Sell”, while 12 “Hold”. This means 59% are positive. Netflix has been the topic of 109 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock has “Underperform” rating given by Bernstein on Tuesday, July 19. Pivotal Research maintained the shares of NFLX in a report on Friday, January 8 with “Buy” rating. The firm earned “Buy” rating on Thursday, September 3 by Rosenblatt. FBR Capital downgraded the shares of NFLX in a report on Friday, February 12 to “Mkt Perform” rating. The stock of Netflix, Inc. (NASDAQ:NFLX) has “Neutral” rating given on Monday, January 4 by Robert W. Baird. Wedbush maintained Netflix, Inc. (NASDAQ:NFLX) on Wednesday, January 20 with “Underperform” rating. The company was maintained on Tuesday, October 18 by Nomura. As per Thursday, January 14, the company rating was initiated by Drexel Hamilton. The rating was maintained by Loop Capital with “Buy” on Tuesday, October 18. Pivotal Research maintained Netflix, Inc. (NASDAQ:NFLX) on Tuesday, April 19 with “Buy” rating.
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 decreased to 0.95 in Q2 2016. Its down 0.18, from 1.13 in 2016Q1. The ratio fall, 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.
Numeric Invsts Limited Liability has 0.01% invested in the company for 6,200 shares. Shelton Cap Mngmt holds 28,978 shares or 0.23% of its portfolio. Counselors Inc owns 9,358 shares or 0.05% of their US portfolio. Boston Advsrs Ltd Liability Corporation last reported 0.27% of its portfolio in the stock. Dg Cap Mgmt Inc has 1.08% invested in the company for 11,109 shares. Walleye Trading Ltd Llc accumulated 0.04% or 60,308 shares. M&T Natl Bank Corp has 0.02% invested in the company for 29,412 shares. Apg Asset Mngmt Nv has 0.11% invested in the company for 666,042 shares. Sii Invests Wi has 7,115 shares for 0.05% of their US portfolio. Principal Financial Gru holds 602,097 shares or 0.08% of its portfolio. Hudock Cap Grp Ltd, a Pennsylvania-based fund reported 211 shares. Burns J W & has 0.67% invested in the company for 24,134 shares. Cim Investment Mangement reported 7,966 shares or 0.3% of all its holdings. Louisiana State Employees Retirement System holds 28,100 shares or 0.14% of its portfolio. Creative Planning, a Kansas-based fund reported 77,726 shares.
Insider Transactions: Since June 1, 2016, the stock had 2 insider buys, and 23 selling transactions for $14.65 million net activity. 1,400 shares were sold by BARTON RICHARD N, worth $136,997 on Thursday, September 1. $10.73 million worth of shares were sold by SARANDOS THEODORE A on Tuesday, October 18. WELLS DAVID B sold $60,000 worth of stock or 500 shares. HALEY TIMOTHY M sold $2.99M worth of Netflix, Inc. (NASDAQ:NFLX) on Monday, October 31. HASTINGS REED had sold 102,340 shares worth $9.74M on Monday, August 22. On Monday, August 8 the insider HOAG JAY C bought $28.29 million. BATTLE A GEORGE sold $2.40 million worth of stock.
More notable recent Netflix, Inc. (NASDAQ:NFLX) news were published by: Investorplace.com which released: “3 Reasons to Sell Your Netflix Inc (NFLX) Stock Now” on November 28, 2016, also Profitconfidential.com with their article: “Netflix, Inc.: Could This Tax Hurt Netflix Stock?” published on November 27, 2016, Fool.com published: “Better Buy: Netflix, Inc. vs. Facebook, Inc.” on November 17, 2016. More interesting news about Netflix, Inc. (NASDAQ:NFLX) were released by: Fool.com and their article: “How Netflix, Inc. Gained 27% in October” published on November 13, 2016 as well as Investorplace.com‘s news article titled: “2 Ways to Collect on Netflix, Inc. (NFLX) Stock” with publication date: November 22, 2016.
NFLX Company Profile
Netflix, Inc. (Netflix), incorporated on August 29, 1997, is a well-known provider of Internet television network. The Firm has over 86 million streaming members in over 190 countries. The Companyâ€™s members can watch television (TV) shows and movies, including original series, documentaries and feature films in Internet-connected screen. The Company’s divisions include Domestic streaming and International streaming. The Domestic and International streaming divisions derive revenues from monthly membership fees for services consisting of streaming content. Netflixâ€™s members can watch TV shows and movies directly on their TVs, computers and mobile devices. The Firm offers streaming service both domestically and internationally.
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