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techkenyot.com July 23, 2018


Netflix, Inc. (NFLX) Position Lifted by National Asset Management Inc

13 October 2017, 07:52 | Elsie Buchanan

Above Netflix share history

Above Netflix share history

The company has a market capitalization of $85.43 billion, a PE ratio of 240.724 and a beta of 1.09. The California-based company is set to report its financial results for the third quarter on Monday. The Internet television network reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.16 by ($0.01). Netflix stock is up more than 60 percent for the year through Friday morning compared with Disney shares' decline of 7 percent, Time Warner's 5 percent gain, CBS stock's 11 percent drop and the S&P 500's 14 percent return.

The average price target for the 45 analysts tracked by Bloomberg is now $200.85, which is about 1% higher than Netflix's current price of $198.96, but numerous more recent estimates are more bullish.

Looking into last 5 trades, the stock observed a return of nearly 0.76%. The company's quarterly revenue was up 34.7% compared to the same quarter a year ago. On average, equities analysts expect that Netflix will post $1.18 earnings per share for the current fiscal year. The stock was sold at an average price of $162.00, for a total transaction of $174,636.00. Following the sale, the chief executive officer now directly owns 109,214 shares in the company, valued at $20,598,852.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jonathan Friedland sold 2,496 shares of the business's stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $182.17, for a total transaction of $454,696.32. The disclosure for this sale can be found here. However, the institutional investors are observed to own 82.80% of the total shares. Company insiders own 4.90% of the company's stock.

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A number of research analysts have weighed in on NFLX shares. Traynor Capital Management Inc. raised its stake in Netflix by 7.8% during the first quarter. Almanack Investment Partners LLC. bought a new position in Netflix in the 2nd quarter worth $101,000. Municipal Employees Retirement System of MI raised its stake in Netflix by 0.9% during the first quarter. This time around, there was practically no subscriber outcry as subs are finally realizing the value Netflix service provides for the relatively low cost. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network's stock valued at $107,000 after purchasing an additional 706 shares during the period.

Other institutional investors have also recently modified their holdings of the company.

Netflix Inc shares hit an all-time high on Friday as Goldman Sachs and other brokerages raised their price targets on the world's biggest online-streaming company, citing its ability to raise fees without scaring away customers.

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However, 12.17% over the last one month, 20.95% for the last quarter and year to date performance stands at -2.64%. When we look at the Volatility of the company, Week Volatility is at 1.90% whereas Month Volatility is at 2.84%.

JPMorgan raises Netflix from $210 to $225. BMO Capital Markets reaffirmed a "market perform" rating and issued a $180.00 target price (up previously from $150.00) on shares of Netflix in a report on Tuesday, July 18th. Six equity analysts rating the company a strong buy, seventeen equity analysts rating the company a buy, fifteen equity analysts rating the company a hold, three equity analysts rating the company a underperform, and finally two equity analysts rating the company a sell with a one year target of $117.22.

Buckingham Research reissued their buy rating on shares of Netflix, Inc.

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