Could Netflix, Inc. (NFLX) Skyrocket Even More? The Stock Just Made 52-Week High

May 27, 2018 - By Ash

Netflix, Inc. (NASDAQ:NFLX) Logo

Investors sentiment increased to 1.31 in Q4 2017. Its up 0.19, from 1.12 in 2017Q3. It improved, as 53 investors sold Netflix, Inc. shares while 244 reduced holdings. 107 funds opened positions while 281 raised stakes. 344.43 million shares or 3.28% less from 356.10 million shares in 2017Q3 were reported.
Earnest Prtn Limited Liability stated it has 189 shares or 0% of all its holdings. Deutsche Bancshares Ag holds 834,113 shares. Torch Wealth Management Ltd Co reported 3,480 shares stake. Private Wealth Prns reported 1,110 shares. Jag Capital Management Ltd Liability Company holds 2.37% of its portfolio in Netflix, Inc. (NASDAQ:NFLX) for 65,763 shares. Aviance Cap Ltd Llc stated it has 0.07% of its portfolio in Netflix, Inc. (NASDAQ:NFLX). Highland Cap Management Ltd Liability Company has invested 0.12% of its portfolio in Netflix, Inc. (NASDAQ:NFLX). Moreover, Bank Of New York Mellon Corp has 0.19% invested in Netflix, Inc. (NASDAQ:NFLX). Schaper Benz And Wise Invest Counsel Wi accumulated 1,250 shares. Of Vermont holds 0.01% or 605 shares in its portfolio. Boys Arnold has 0.07% invested in Netflix, Inc. (NASDAQ:NFLX). Delta Asset Management Limited Tn holds 0.01% or 455 shares in its portfolio. Stock Yards Natl Bank & invested in 1,889 shares or 0.04% of the stock. 84,534 are owned by Neuberger Berman Group Inc Limited Liability Company. Evermay Wealth Limited Com holds 0.07% or 1,055 shares.

Since December 11, 2017, it had 0 insider buys, and 41 insider sales for $188.26 million activity. The insider KILGORE LESLIE J sold 826 shares worth $174,286. On Wednesday, January 31 the insider HOAG JAY C sold $3.01 million. FRIEDLAND JONATHAN sold $437,545 worth of stock. Peters Gregory K sold $3.13 million worth of stock. 86,037 shares were sold by HASTINGS REED, worth $28.37M on Monday, May 21. The insider BARTON RICHARD N sold $227,007.

The stock of Netflix, Inc. (NASDAQ:NFLX) hit a new 52-week high and has $361.83 target or 3.00 % above today’s $351.29 share price. The 9 months bullish chart indicates low risk for the $152.70 billion company. The 1-year high was reported on May, 27 by Barchart.com. If the $361.83 price target is reached, the company will be worth $4.58 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.57% or $2 during the last trading session, reaching $351.29. About 7.59M shares traded. Netflix, Inc. (NASDAQ:NFLX) has risen 108.73% since May 27, 2017 and is uptrending. It has outperformed by 97.18% the S&P500.

Analysts await Netflix, Inc. (NASDAQ:NFLX) to report earnings on July, 16. They expect $0.80 earnings per share, up 433.33 % or $0.65 from last year’s $0.15 per share. NFLX’s profit will be $347.75M for 109.78 P/E if the $0.80 EPS becomes a reality. After $0.64 actual earnings per share reported by Netflix, Inc. for the previous quarter, Wall Street now forecasts 25.00 % EPS growth.

Netflix, Inc. (NASDAQ:NFLX) Ratings Coverage

Among 34 analysts covering Netflix (NASDAQ:NFLX), 22 have Buy rating, 1 Sell and 11 Hold. Therefore 65% are positive. Netflix had 62 analyst reports since December 4, 2017 according to SRatingsIntel. The stock of Netflix, Inc. (NASDAQ:NFLX) earned “Buy” rating by Piper Jaffray on Tuesday, January 23. The firm earned “Buy” rating on Monday, April 9 by J.P. Morgan. The rating was maintained by Stifel Nicolaus on Tuesday, April 17 with “Hold”. The rating was maintained by Morgan Stanley with “Overweight” on Tuesday, April 17. The firm has “Buy” rating by Raymond James given on Tuesday, January 16. UBS maintained Netflix, Inc. (NASDAQ:NFLX) rating on Wednesday, January 17. UBS has “Buy” rating and $250.0 target. The stock has “Buy” rating by Monness on Tuesday, April 17. Bernstein maintained the shares of NFLX in report on Tuesday, January 23 with “Buy” rating. The rating was upgraded by Deutsche Bank on Friday, April 13 to “Buy”. GBH Insights maintained the stock with “Buy” rating in Thursday, May 17 report.

More notable recent Netflix, Inc. (NASDAQ:NFLX) news were published by: Seekingalpha.com which released: “Is Netflix Uninvestable? 2 Insiders Weigh In” on May 24, 2018, also Livetradingnews.com with their article: “Netflix, Inc. (NASDAQ:NFLX) Bulls in Favor” published on May 04, 2018, Nasdaq.com published: “5 Niche Tech ETFs Hitting All-Time Highs” on May 24, 2018. More interesting news about Netflix, Inc. (NASDAQ:NFLX) were released by: Seekingalpha.com and their article: “Netflix: Options Action!” published on May 24, 2018 as well as Livetradingnews.com‘s news article titled: “Netflix, Inc. (NASDAQ:NFLX) Stock Price Increases 3.92%” with publication date: May 24, 2018.

Netflix, Inc., an Internet television network, engages in the Internet delivery of television shows and movies on various Internet-connected screens. The company has market cap of $152.70 billion. It operates in three divisions: Domestic Streaming, International Streaming, and Domestic DVD. It has a 281.03 P/E ratio. The firm offers TV shows and movies, including original series, documentaries, and feature films.

Netflix, Inc. (NASDAQ:NFLX) Institutional Positions Chart

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