Subscriber Growth Will Vault Netflix, Inc. (NFLX) Stock Past $200 Following Earnings

Bernstein: Netflix, Inc. (NFLX) Pricing Power Makes It A Must-Own

Following the sale, the director now owns 7,652 shares in the company, valued at approximately $1,250,872.44. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network's stock worth $2,208,891,000 after purchasing an additional 1,814,056 shares in the last quarter.

A number of other research firms also recently commented on NFLX. Vanguard Group Inc. grew its stake in shares of Netflix by 2.9% in the second quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network's stock valued at $229,000 after buying an additional 10 shares during the period. He believes Netflix beat subscriber estimates for the third quarter and that it will do so again for the fourth quarter. Guardian Life Insurance Co. of America boosted its stake in shares of Netflix by 0.7% in the first quarter. M Holdings Securities Inc. now owns 2,467 shares of the Internet television network's stock worth $365,000 after purchasing an additional 12 shares during the last quarter. Institute For Wealth Management Limited Company has invested 0.34% in Netflix, Inc. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network's stock valued at $245,000 after buying an additional 11 shares during the period. The stock is now moving below its 20-Day Simple Moving Average of -1.29% with a 50-Day Simple Moving Average of -0.6 percent. State Street Corp now owns 17,535,737 shares of the Internet television network's stock worth $2,591,946,000 after purchasing an additional 463,143 shares in the last quarter.

Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments. During the past six months, Netflix, Inc. (NASDAQ:NFLX). Addison Company invested in 1,758 shares or 0.21% of the stock. The stock had a trading volume of 4,382,650 shares. The firm has a 50-day moving average price of $181.96 and a 200-day moving average price of $165.19. The firm has a market cap of $85.38 billion, a PE ratio of 240.57 and a beta of 1.09. The Lower end of the earnings estimate is $0.18, while the higher end of the earnings estimate is $0.52. Netflix, Inc. (NASDAQ:NFLX) has risen 75.34% since October 13, 2016 and is uptrending. Netflix Inc. had 28 analyst reports since March 15, 2017 according to SRatingsIntel. Netflix had a net margin of 3.55% and a return on equity of 12.82%. What's more, revenue is seen soaring almost 30% to $2.97 billion.

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The company's diluted EPS for trailing twelve months was 0.82. Netflix's revenue for the quarter was up 32.3% compared to the same quarter past year. (NASDAQ:NFLX). Aimz Advisors Lc has invested 0.23% of its portfolio in Netflix, Inc.

COPYRIGHT VIOLATION WARNING: This article was originally posted by StockNewsTimes and is owned by of StockNewsTimes. He's also positive on the company's worldwide strategies, which include localization, deals on set-top boxes and more local original content. The original version of this piece can be accessed at https://baseballnewssource.com/markets/netflixs-nflx-buy-rating-reaffirmed-at-mkm-partners/1704641.html.

In other Netflix news, insider Jonathan Friedland sold 2,496 shares of Netflix stock in a transaction that occurred on Wednesday, July 19th. That said, some 26.5 million shares of Netflix stock are still sold short, making up almost 7% of the stock's total float. This means that investors are taking on excess risk when buying the company's stock at its current valuation. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gregory K. Peters sold 12,768 shares of the firm's stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $194.00, for a total value of $175,182.00. In the last three months, insiders have sold 318,067 shares of company stock worth $57,315,706. (The) in a research report issued on Friday. Finally, Guggenheim reiterated a buy rating and set a $225.00 price objective (up previously from $210.00) on shares of Netflix in a research report on Friday, October 6th.

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October 12 investment analysts at Stifel Nicolaus maintained a company rating of "Buy" and raised the price expectation to $230.00 from $143.00.

A total of 40 equity analysts have released a ratings update on NFLX. FBR Capital maintained it with "Mkt Perform" rating and $100 target in Tuesday, October 18 report. Two analysts have rated the stock with a sell rating, nineteen have given a hold rating and thirty have assigned a buy rating to the company's stock.

Netflix stock broke out of a cup-with-handle base at a buy point of 190.05 on October 5.

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