Netflix hits 125 million subscribers worldwide
Analysts at Stifel Nicolaus have $345.0000 TP on Netflix (NASDAQ:NFLX). Finally, Citigroup upped their target price on Netflix from $250.00 to $305.00 and gave the company a "neutral" rating in a research report on Wednesday, March 28th.
Among 56 analysts covering Netflix (NASDAQ:NFLX), 38 have Buy rating, 2 Sell and 16 Hold. Pivotal Research analyst Jeffrey Wlodarczak raised his target on Netflix stock price to $420 from $400, KeyBanc analyst Andy Hargreaves raised his target to $385 from $300, and Morgan Stanley's Benjamin Swinburne went to $370 from $350. MKM Partners increased their target price on Netflix from $245.00 to $320.00 and gave the stock a "buy" rating in a research note on Monday, January 29th. The company now has a consensus rating of "Buy" and an average target price of $283.04. The stock increased 1.74% or $0.85 during the last trading session, reaching $49.78. Given that its average daily volume over the 30 days has been 12.03M shares a day, this signifies a pretty significant change over the norm. The company hit an all-time high of 333.98 on March 12. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.81.
Netflix (NASDAQ:NFLX) last released its earnings results on Monday, April 16th.
The company reported after the market close yesterday that first-quarter earnings rose to US$290mln, or US$0.64 a share, from US$178mln, or US$0.40 a share, a year earlier.
Keeping an eyeball on Gross profit Margin, Net profit Margin & Operating Margin, the Gross profit margin of 34.50%; the net profit margin of 4.80% while its Operating margin was 7.20% for Netflix, Inc. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.69 billion.
Netflix started life as a DVD rental company before expanding to streamed content.
Last January, Netflix announced that it was expecting revenue for the quarter to be $3.69 million with 63 cents in EPS and adding over 6.35 million customers. Inc. lifted its stake in shares of Netflix by 47.1% in the fourth quarter. The shares were sold at an average price of $262.91, for a total value of $43,050,723.77. Following the sale, the chief executive officer now directly owns 75,369 shares in the company, valued at approximately $16,997,216.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
EU Court: Poland's Forest Management Led to Partial Loss of Bialowieza Site
In July 2017, the European Commission brought an action before CURIA accusing Poland of affecting the integrity of the natural forest site.
Costco Posting Strong Gain On Upgrade By Wells Fargo
The 14-day RSI is now sitting at 49.80, the 7-day is at 51.33, and the 3-day is spotted at 57.40 for Mastercard Inc (MA). Wcm Invest Mgmt Ca holds 1.04% of its portfolio in Costco Wholesale Corporation (NASDAQ: COST ) for 495,572 shares.
President Trump: Relationship with Japan Has Never Been Stronger
Last week, Trump tweeted that he's working toward a trade deal with the country, "who has hit us hard on trade for years". Japanese officials have signaled Abe will raise his concerns about direct talks during his two-day summit with Trump.
In other news, insider Theodore A. Sarandos sold 163,747 shares of the business's stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $263.00, for a total transaction of $92,050.00. The disclosure for this sale can be found here.
In other news, Director Leslie J. Kilgore sold 630 shares of the company's stock in a transaction on Monday, January 29th.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Inc. now owns 625 shares of the Internet television network's stock worth $120,000 after buying an additional 200 shares in the last quarter. Hanseatic Management Services Inc. raised its holdings in Netflix by 3.6% during the 4th quarter. Insiders own 4.90% of the company's stock.
TRADEMARK VIOLATION WARNING: This report was first posted by Macon Daily and is the property of of Macon Daily.
Netflix reported better-than-expected subscriber growth in both the global (5.46 million net adds versus guidance of 4.90 million) and US segments (1.96 million net adds, versus guidance of 1.45 million).
Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens.
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