As long as that stock price keeps going up, up, up, does it really matter?
At least nine other brokerages also raised their price targets on the stock. KeyCorp reaffirmed a "buy" rating and issued a $230.00 price target on shares of Netflix in a research note on Tuesday. (NFLX) Given a $175.00 Price Target by SunTrust Banks, Inc.
The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 26.17%, and has a solid year to date (YTD) performance of 61.13% which means that the stock is constantly adding to its value from the previous fiscal year end price. JP Morgan maintained it with "Overweight" rating and $225 target in Friday, October 13 report. Analysts expected 32 cents and $2.97 billion. Out of 42 analysts covering the stock, 26 have a "buy" or higher rating, 14 "hold" and two have a "sell" or lower. The stock had a trading volume of 19,877,127 shares. The company operates in the Consumer Cyclical sector with a market capitalization of 86.05 Million. In the past 52 weeks the company's stock price has moved within the range of $98.38 to $200.82. Netflix, Inc. (NFLX) has an operating margin of 6.30%. The Internet television network reported $0.29 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.03).
Revenue rose about 30 percent to $2.99 billion in the third quarter. During the same quarter previous year, the firm earned $0.12 EPS.
After some strong gains in the AH trading session that put Netflix shares above their all-time high, they are now down slightly 0.20% at $202.30 heading into the market open.
Wedbush Securities analyst Michael Pachter said investors need to consider Netflix's "cringe-worthy cash burn" and growing competition.More news: Nafta talks to extend to next year amid clashes
More news: EU Imposes New Sanctions on North Korea
More news: Facebook introduces a new food ordering feature
Credit Agricole S A invested 0.05% in Netflix, Inc. (NASDAQ:NFLX) on Monday, September 21 with "Hold" rating. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States and worldwide copyright & trademark legislation. Wealthtrust Axiom Llc owns 643,583 shares or 1.96% of their United States portfolio. Also, Director Richard N. Barton sold 2,000 shares of the firm's stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $187.75, for a total value of $375,500.00. The disclosure for this sale can be found here. The trend for the past 10-days shows that the company was in BULLISH territory while an analysis of the last 40-Day trend shows a BULLISH signal.
A number of hedge funds have recently modified their holdings of NFLX.
TRADEMARK VIOLATION WARNING: "Netflix, Inc". It was the fourth time this year that the Dow surpassed a 1,000-point milestone as investors continued to show their faith in the USA economy and the quality of corporate earnings reports. Almanack Investment Partners LLC. acquired a new stake in shares of Netflix during the 2nd quarter worth about $101,000.
This quarter, Netflix says it has launched several new series such as the gritty drama Ozark and comedy Friends from College by Nick Stoller as well as Marvel's The Defenders and returning seasons of fan favorites like Narcos and Fuller House. FMR LLC now owns 23,633,237 shares of the Internet television network's stock valued at $3,531,042,000 after acquiring an additional 2,605,731 shares during the period.
Publicly-traded company Netflix, Inc. The Firm operates through three divisions: Domestic streaming, global streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States.