Netflix, Inc. (NFLX) Earnings Preview: Subscriber Growth Is The Key

Marco Green
July 18, 2017

Perhaps, that suggests something about why 83.83% of the outstanding share supply is held by institutional investors. Livforsakringsbolaget Skandia Omsesidigt's holdings in Netflix were worth $1,220,000 at the end of the most recent reporting period.

Institutional investors have recently bought and sold shares of the company. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network's stock worth $107,000 after buying an additional 706 shares during the last quarter. Perigon Wealth Management LLC boosted its stake in Netflix by 1.1% in the fourth quarter. Ltd. now owns 770 shares of the Internet television network's stock worth $114,000 after buying an additional 150 shares during the last quarter. State Street Corp raised its stake in Netflix by 2.7% in the first quarter. Envestnet Asset Management Inc. now owns 9,753 shares of the Internet television network's stock valued at $1,207,000 after buying an additional 1,182 shares during the last quarter. It also increased its holding in Powershares Act Mang Comm Fd by 82,364 shares in the quarter, for a total of 276,115 shares, and has risen its stake in Vereit Inc. Another trade for 2,000 shares valued at $285,910 was made by BARTON RICHARD N on Tuesday, February 21. Netflix has a 1-year low of $84.50 and a 1-year high of $166.87.

The financial company has just set a target price of $175 on Netflix (NASDAQ:NFLX) shares. The stock has a market capitalization of $64.73 billion, a P/E ratio of 195.04 and a beta of 0.98. The firm's 50 day moving average price is $157.80 and its 200-day moving average price is $144.87.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, April 17th. Last year Netflix shares were pummeled immediately after the company's second-quarter release, in which it reported adding 1.7 million subscribers, below Wall Street expectations of 2.5 million net adds. Company fiscal year is ending in December and analysts' consensus recommendation is Hold for BSMX and estimated EPS for next quarter is $ 3.07.

In Q1, Netflix saw net subscriber streaming additions of 4.95 million, with 1.42 million net US additions and 3.53 million worldwide. The company's revenue was up 34.7% on a year-over-year basis. During the same period a year ago, the firm posted $0.06 EPS. Analysts expect that Netflix, Inc. will post $1.05 EPS for the current year.

WARNING: This news story was first posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this story on another publication, it was stolen and republished in violation of U.S. and global copyright & trademark legislation. The original version of this news story can be accessed at (The) in a research note issued to investors on Wednesday, June 28th. On Tuesday, April 19 the stock rating was maintained by Pivotal Research with "Buy". Netflix now has a consensus rating of "Buy" and a consensus target price of $152.72. Finally, FBR & Co reaffirmed a "market perform" rating and set a $145.00 price target on shares of Netflix in a research report on Friday.

Jefferies has a Hold rating with a $141 price target. Credit Suisse Group set a $154.00 target price on Netflix and gave the stock a "neutral" rating in a research note on Tuesday, July 11th.

In other Netflix news, CEO Reed Hastings sold 91,994 shares of the business's stock in a transaction on Thursday, April 20th. Following the completion of the sale, the director now directly owns 8,012 shares of the company's stock, valued at approximately $1,180,888.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. United Bank sold 6,316 shares as Merck & Co Inc (MRK)'s stock declined 2.46%. The company's stock had a trading volume of 5,467,407 shares.

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