Investors Targeted Stock: Netflix, Inc. (NFLX)

Pablo Tucker
July 17, 2017

Shares of Netflix were last trading up almost 1% at $162.70, with a consensus analyst price target of $160.68 and a 52-week range of $84.50 to $166.87. FBR & Co raised their target price on Netflix from $144.00 to $145.00 and gave the company a "mkt perform" rating in a research report on Tuesday, April 18th. MKM Partners reaffirmed a "buy" rating and set a $195.00 price target on shares of Netflix in a research report on Monday, July 10th.

Among 17 analysts covering CIGNA (NYSE:CI), 15 have Buy rating, 0 Sell and 2 Hold. The brokerage presently has a $173.00 price target on the Internet television network's stock. Winslow Evans & Crocker Inc. now owns 6,250 shares of the Internet television network's stock valued at $933,000 after buying an additional 1,724 shares during the last quarter. Vanguard Group Inc is the second biggest holder with 27 million shares now valued at 4.01 B million whilst Growth Fund of America Inc has 23 million shares valued at 2.74 B million. In terms of recent volatility, the average for the month is 2.40% and 2.18% for the past week. Another trade for 2,000 shares valued at $285,910 was made by BARTON RICHARD N on Tuesday, February 21. It is trading up more than 8 percent afterhours on the strong subscriber growth.

Let's also take a brief look at the stock price in relation to some highs/lows and moving averages.


Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, April 17th.

Last quarter, Netflix said it would spend over $1 billion in 2017 on marketing costs alone, projecting that the company would have negative free cash flow for "many years" as it invests in original content, including an estimated $2 billion in negative free cash flow this year. Netflix had a return on equity of 12.73% and a net margin of 3.55%. After $2.77 actual EPS reported by CIGNA Corporation for the previous quarter, Wall Street now forecasts -10.47% negative EPS growth. During the same period past year, the firm posted $0.06 EPS.

Netflix, Inc. shares were trading at $160.59 per share on Monday morning, down $0.53 (-0.33%).


In other Netflix news, insider Gregory K. Peters sold 6,909 shares of Netflix stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $147.39, for a total value of $147,390.00. Following the completion of the sale, the director now owns 8,012 shares of the company's stock, valued at approximately $1,180,888.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard N. Barton sold 2,000 shares of the company's stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $140.97, for a total value of $12,968,394.18. Hedge funds and other institutional investors own 82.76% of the company's stock. Insiders have sold 421,458 shares of company stock worth $64,206,893 in the last three months.

Institutional investors have recently bought and sold shares of the company. SRS Capital Advisors Inc. boosted its stake in shares of Netflix by 3,361.9% in the first quarter. FMR LLC now owns 21,027,506 shares of the Internet television network's stock valued at $3,108,076,000 after buying an additional 1,305,294 shares in the last quarter.

Contour Asset Management Llc decreased Netflix Inc (NFLX) stake by 3.14% reported in 2016Q4 SEC filing. (NASDAQ:NFLX) news were published by: Seekingalpha.com which released: "Jim Cramer Is Right, And Wrong, About Netflix" on July 14, 2017, also Fool.com with their article: "Netflix Inc.in 4 Charts" published on June 23, 2017, Investorplace.com published: "Netflix, Inc". The firm owned 81,000 shares of the Internet television network's stock after selling 35,000 shares during the period. Perigon Wealth Management LLC boosted its stake in Netflix by 1.1% in the fourth quarter. Ltd. increased its stake in shares of Netflix by 24.2% in the first quarter. State Street Corp now owns 17,535,737 shares of the Internet television network's stock valued at $2,591,946,000 after buying an additional 463,143 shares in the last quarter.


Disclosure: CNBC parent company NBCUniversal is a co-owner of Hulu. The Firm operates through three divisions: Domestic streaming, worldwide streaming and Domestic DVD.

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