Netflix stock surges past $200 for first time

Netflix

J P Morgan Chase & Co's target price suggests a potential upside of 14.88% from the company's previous close.

Several other research firms also recently commented on NFLX. Piper Jaffray Companies reissued a "buy" rating and issued a $215.00 target price on shares of Netflix in a report on Monday, September 18th. Wedbush reiterated an "underperform" rating and issued a $180.00 price objective (up previously from $165.00) on shares of Netflix in a research report on Sunday, October 8th.

Equity analyst Buckingham initiated coverage on the stock with a rating of "Buy". The company presently has a consensus rating of Buy and a consensus target price of $189.92. BlackRock Inc. grew its stake in shares of Netflix by 1.7% in the second quarter. In intraday trading Friday, Netflix notched a record high of 200.82. The stock is now moving below its 20-Day Simple Moving Average of -1.29% with a 50-Day Simple Moving Average of -0.6 percent. The stock has a market capitalization of $86.18 billion, a PE ratio of 242.83 and a beta of 1.09.

Internet television network Netflix (NFLX) received at least four price-target increases to its stock from Wall Street analysts on Friday ahead of third-quarter results due Monday. The Internet television network reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.16 by ($0.01).

Since May 1, 2017, it had 0 insider purchases, and 12 selling transactions for $30.52 million activity. The business had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.64 billion. During the same period a year ago, the business posted $0.09 EPS. Netflix's revenue for the quarter was up 32.3% compared to the same quarter past year. The expected NFLX's profit could reach $138.16M giving the stock 153.02 P/E in the case that $0.32 earnings per share is reported.

COPYRIGHT VIOLATION NOTICE: This story was originally reported by Week Herald and is the sole property of of Week Herald. If you are viewing this article on another domain, it was stolen and reposted in violation of worldwide copyright and trademark laws. (NASDAQ:NFLX) news were published by: Benzinga.com which released: "A Few Thoughts On Netflix Leading Into The Q3 Print" on October 12, 2017, also Investorplace.com with their article: "Rate Hikes Have Ultimately Hammered Netflix, Inc".

Netflix stock broke out of a cup-with-handle base at a buy point of 190.05 on October 5. The shares were sold at an average price of $196.16, for a total transaction of $392,320.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. BARTON RICHARD N had sold 2,000 shares worth $318,160 on Wednesday, May 10. The stock was sold at an average price of $182.17, for a total transaction of $454,696.32. The hedge fund held 118,050 shares of the energy company at the end of 2017Q2, valued at $2.80 million, down from 211,438 at the end of the previous reported quarter. The disclosure for this sale can be found here. The Moore Capital Management Lp holds 25,000 shares with $3.74 million value, down from 50,000 last quarter. Formidable Asset Management LLC now owns 4,695 shares of the Internet television network's stock valued at $582,000 after buying an additional 36 shares during the period. Institutional investors own 81.02% of the company's stock. Quadrant Capital Group LLC increased its stake in shares of Netflix by 0.6% during the 2nd quarter.

Tpg Group Holdings Sbs Advisors Inc increased Netflix Inc. Appropriate Balance Financial Services Inc. now owns 702 shares of the Internet television network's stock valued at $4,701,000 after purchasing an additional 37 shares during the period. Nordea Inv Management has invested 0.01% in Netflix, Inc. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network's stock worth $298,000 after purchasing an additional 12 shares during the last quarter. It dived, as 64 investors sold Netflix, Inc. shares while 222 reduced holdings. The Company operates through three segments: Domestic streaming, worldwide streaming and Domestic DVD.

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