Netflix, Inc. (NFLX) Sets New 1-Year High on Analyst Upgrade


Netflix, (NASDAQ:NFLX) - brokerage firms at Jefferies raised their Third Quarter 2017 earnings forecasts for stocks of Netflix in a study note released on Monday. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network's stock worth $298,000 after buying an additional 12 shares during the period.

A number of research analysts have recently issued reports on NFLX shares. FMR LLC raised its position in shares of Netflix by 6.6% in the first quarter. Reilly Financial Advisors LLC boosted its position in shares of Netflix by 75.9% in the first quarter. Jennison Associates LLC now owns 12,947,211 shares of the Internet television network's stock valued at $1,913,727,000 after buying an additional 2,279,835 shares during the period. State Street Corp boosted its stake in shares of Netflix by 2.7% in the first quarter. The company now boasts an annual growth rate of 30 percent, with 10 percent growth in the first 6 months of 2017. Mitsubishi UFJ Securities Holdings Co. Vanguard Group Inc. now owns 27,161,082 shares of the Internet television network's stock worth $4,014,680,000 after buying an additional 921,283 shares during the period.

According to Financial Times, The 5 analysts offering 12 month price targets for AcelRx Pharmaceuticals Inc have a median target of 7.00, with a high estimate of 12.50 and a low estimate of 3.00. (NASDAQ:NFLX) opened at 171.00 on Tuesday. The Company has 52-week high of $191.50 and 52-week low of $93.26. The average volume of a stock suggests the liquidity of a particular company. The company has market cap of $1.50 billion. The Internet television network reported $0.15 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.16 by $0.01. The return on equity ratio or ROE stands at 12.8 percent while most common profitability ratio return on investment (ROI) was 5 percent.

In case of Revenue Estimates, 34 analysts have provided their consensus Average Revenue Estimates for Netflix, 2.97 Billion. For the same quarter from the prior fiscal year, company reported $0.09 EPS. The company's revenue for the quarter was up 32.3% on a year-over-year basis. Equities research analysts predict that Netflix, Inc. will post $1.19 EPS for the current year.

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Many brokerage firms also commented on NFLX. William Blair reiterated an "outperform" rating and set a $165.00 target price on shares of Netflix in a research note on Saturday, April 22nd. Cantor Fitzgerald boosted their price target on Netflix from $165.00 to $190.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 6th. Finally, FBR & Co upped their target price on shares of Netflix from $144.00 to $145.00 and gave the stock a "mkt perform" rating in a research report on Tuesday, April 18th. Netflix presently has an average rating of "Buy" and a consensus price target of $175.13. Also, insider Gregory K. Peters sold 6,853 shares of the stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $150.00, for a total value of $2,103,150.00. Following the transaction, the insider now owns 484,952 shares of the company's stock, valued at approximately $79,299,351.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. $13.04M worth of stock was sold by HASTINGS REED on Monday, March 20. Following the completion of the sale, the chief executive officer now directly owns 115,577 shares in the company, valued at $17,640,517.51. The disclosure for this sale can be found here. In the last quarter, insiders sold 389,801 shares of company stock worth $64,889,201. The company's institutional ownership is monitored at 84.2 percent.

Netflix, a provider an Internet television network. The Company operates through three segments: Domestic streaming, global streaming and Domestic DVD.

That's what investors are wondering after Disney announced it was not only going to launch its own streaming video service, but also no longer license its popular content to Netflix.