February 25, 2018

Wall Street Analyst's Guidance: Netflix, Inc. (NFLX)

13 January 2018, 07:41 | Elsie Buchanan

Aziz Ansari in"Master of None."Netflix

Aziz Ansari in

National Asset Management Inc increased Fidelity stake by 7,320 shares to 79,752 valued at $4.03 million in 2017Q3. Netflix's content costs (its cost of goods sold) have almost doubled over the past three years, from $3.75 billion in 2014 to $7.2 billion spent over the past 12 months, according to data from S&P Global Market Intelligence.

The stock increased 0.72% or $0.5 during the last trading session, reaching $70.3. About 2.70M shares traded.

COPYRIGHT VIOLATION NOTICE: "Macquarie Upgrades Netflix (NASDAQ:NFLX) to "Outperform" was first posted by StockNewsTimes and is owned by of StockNewsTimes. It has outperformed by 58.64% the S&P500.

Netflix is set to announce its earnings for Q4 2017 on January 22, and subscriber growth has historically been the metric that investors focus heavily on. Its down 0.10, from 1.22 in 2017Q2. Balentine LLC grew its holdings in Netflix by 1,020.4% during the 3rd quarter. 10 funds opened positions while 22 raised stakes. Jag Cap Ltd accumulated 82,340 shares or 2.8% of the stock. Clean Yield Gp reported 3.55% of its portfolio in Century Bancorp, Inc. Zacks Investment Research upgraded shares of Netflix from a "hold" rating to a "buy" rating and set a $213.00 price objective for the company in a research note on Tuesday, December 19th. About 3.72M shares traded.

Barclays' argument in favor of buying Netflix hinges on several factors, each laid out in a (requires subscription) report on Barclays' endorsement this morning. Oppenheimer And Communications invested in 0.02% or 9,700 shares. Korea Inv has 165,020 shares for 0.03% of their portfolio. The institutional investor held 134,683 shares of the farming and seeds and milling company at the end of 2017Q3, valued at $8.41M, up from 109,807 at the end of the previous reported quarter. Pinnacle has invested 0.02% in Netflix, Inc. (NASDAQ:CNBKA) for 9,404 shares. Connor Clark & Lunn Investment Mgmt Ltd reported 63,725 shares stake. Hillman holds 344,149 shares. If the only argument in favor of buying it despite its valuation is the one Barclays proposes - subscribers growing faster than costs - and if that argument is invalid, then it seems to me there's little reason left to want to own Netflix stock. (NASDAQ:NFLX) hit a new 52-week high and has $230.07 target or 6.00 % above today's $217.05 share price. Denali Advsr Ltd Liability Company stated it has 71 shares. American invested in 19 shares. Caisse De Depot Et Placement Du Quebec reported 144,968 shares.

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In related news, CFO David B. Wells sold 500 shares of Netflix stock in a transaction on Wednesday, November 9th. It also increased its holding in Advance Auto Parts Inc (NYSE:AAP) by 19,025 shares in the quarter, for a total of 33,184 shares, and has risen its stake in Sherwin Williams Co (NYSE:SHW).

Since January 1, 0001, it had 1 buy, and 15 insider sales for $45.21 million activity. $2.38M worth of CA, Inc. They expect $0.55 earnings per share, down 3.51% or $0.02 from last year's $0.57 per share.

Investors sentiment decreased to 1.12 in 2017 Q3.

A number of hedge funds have recently bought and sold shares of NFLX. Fjarde Ap holds 101,863 shares. (NASDAQ:NFLX). Laurion Cap Mngmt Limited Partnership has invested 0.02% in Netflix, Inc. The stock of Cincinnati Financial Corporation (NASDAQ:CINF) has "Hold" rating given on Monday, September 18 by Keefe Bruyette & Woods.

BKS Advisors LLC increased its stake in shares of Netflix, Inc. Axa holds 0.11% in Netflix, Inc.

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Moon Capital Management Lp, which manages about $2.17B and $369.63 million US Long portfolio, decreased its stake in Goodyear Tire & Rubr Co (NASDAQ:GT) by 203,800 shares to 253,696 shares, valued at $8.44 million in 2017Q3, according to the filing. Salem Counselors Incorporated accumulated 0.33% or 15,967 shares. (NASDAQ:NFLX) has "Overweight" rating given on Tuesday, February 2 by Piper Jaffray. 106.11 million shares or 3.88% more from 102.14 million shares in 2017Q2 were reported. Gemmer Asset Ltd Liability Corp invested in 276 shares or 0.01% of the stock. Omega Advisors Inc stated it has 0.46% in Netflix, Inc.

Ctc Llc decreased its stake in Netflix Inc (NFLX) by 50.55% based on its latest 2017Q3 regulatory filing with the SEC. Los Angeles Cap Mgmt & Equity, a California-based fund reported 31,588 shares. Calamos Wealth Management Lc holds 4,342 shares or 0.11% of its portfolio. (NYSE:FL) for 39,148 shares. HYMAN DAVID A sold $12.61 million worth of Netflix, Inc. Out of 5 Wall Street analysts rating CarMax, 1 give it "Buy", 1 "Sell" rating, while 3 recommend "Hold". $735,522 worth of Netflix, Inc. The shares were sold at an average price of $122.83, for a total value of $61,415.00. BARTON RICHARD N sold 2,000 shares worth $352,810. HASTINGS REED also sold $13.96M worth of Netflix, Inc.

In related news, Director Leslie J. Kilgore sold 868 shares of the business's stock in a transaction on Monday, October 16th.

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