With another strong quarter, Netflix's share price hits all-time high

Carla Harmon
October 17, 2017

The company had a trading volume of 8,300,773 shares. The firm's 50-day moving average is $183.35 and its 200 day moving average is $165.87. The company has a market capitalization of $87.51 billion, a price-to-earnings ratio of 246.57 and a beta of 1.09.

NFLX stock gained 1.6% during regular trading hours and an additional 1.7% after the bell.

Netflix earned 37 cents per share over the three months, which topped Wall Street's expectations of 37 cents per share, according to a Thomson Reuters consensus estimate. Netflix had a return on equity of 12.82% and a net margin of 3.55%.

The company added 4.45 million subscribers in its worldwide markets in the third quarter ended September 30, compared with the 3.69 million analysts had expected, according to data and analytics firm FactSet. During the same quarter past year, the business posted $0.12 earnings per share. While that is a significant improvement from the $969 million reported a year ago, it is down about 9% from the $1.92 billion that it started the quarter with. With $17 billion in content commitments over the next several years and a growing library of owned content ($2.5 billion net book value at the end of the quarter), we remain quite comfortable with our ability to please our members around the world.

ILLEGAL ACTIVITY NOTICE: This report was posted by StockNewsTimes and is the sole property of of StockNewsTimes. The legal version of this piece of content can be accessed at https://www.dispatchtribunal.com/2017/10/16/netflix-inc-nflx-issues-q4-earnings-guidance.html. AXA raised its stake in Netflix by 92.0% in the first quarter. Janus Henderson Group PLC boosted its stake in shares of Netflix by 3,478.1% during the 2nd quarter. Insiders sold a total of 318,067 shares of company stock valued at $57,315,706 in the last quarter. Jennison Associates LLC boosted its stake in shares of Netflix by 14.0% during the 2nd quarter. Municipal Employees Retirement System of MI now owns 15,080 shares of the Internet television network's stock valued at $2,229,000 after purchasing an additional 130 shares in the last quarter.

Netflix, Inc is a provider an Internet television network. Sanford C. Bernstein set a $203.00 target price on shares of Netflix and gave the stock a "buy" rating in a report on Wednesday, August 30th. Royal Bank Of Canada restated an outperform rating and issued a $210.00 price objective on shares of Netflix in a research note on Friday, October 6th. (NFLX) on Monday reported third-quarter profit of $129.6 million. Bernstein analyst Todd Juenger said it puts the analysts in the unusual position of being compelled to update their model and target price, immediately before Netflix releases Q3 results, which are due after market October 16.

Cowen has a Buy rating with a $215 price target.

On 10/5/2017 Jonathan Friedland, Insider, sold 1,217 with an average share price of $193.34 per share and the total transaction amounting to $235,294.78.

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