Among 52 analysts covering Netflix (NASDAQ:NFLX), 36 have Buy rating, 2 Sell and 14 Hold.
Analysts believe that the company has the potential to earn average revenue of $7.39 Billion for the current quarter.
Several equities research analysts have recently issued reports on NFLX shares.
If we look at the Volatility of Netflix, Inc. Bernstein initiated the stock with "Outperform" rating in Friday, March 17 report. Royal Bank Of Canada reissued an "outperform" rating and issued a $210.00 target price on shares of Netflix in a report on Friday, October 6th.
In other Netflix news, Director Richard N. Barton sold 2,000 shares of Netflix stock in a transaction that occurred on Thursday, October 12th. The rally was also sustained by the fact that two analysts revised their subscriber outlook for the company saying that it will surpass previous estimates. On Wednesday, April 26 the stock rating was maintained by M Partners with "Buy".
Netflix (NFLX) traded up 1.90% during trading on Monday, reaching $199.58.
Looking into last 5 trades, the stock observed a return of nearly 0.76%. The stock has a 50-day moving average price of $181.96 and a 200 day moving average price of $165.19. In intraday trading Friday, Netflix notched a record high of 200.82. Analysts are forecasting earnings of $0.32 on a per share basis this quarter. Currently, the October put/call open interest ratio rests at a lofty 1.09, with puts outnumbering calls among those options most affected by Netflix's quarterly report. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. Comparatively, NFLX posted earnings of $0.25 per share in the same quarter, a year earlier.
The granddaddy of online streaming will join the earnings parade next week, and Netflix, Inc.
ILLEGAL ACTIVITY WARNING: This story was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and global copyright and trademark law. The correct version of this story can be read at https://stocknewstimes.com/2017/10/13/netflix-inc-nflx-upgraded-to-buy-by-zacks-investment-research.html. About 47,034 shares traded. The shares were sold at an average price of $196.16, for a total transaction of $392,320.00. The company set its IPO price at $15 per share, and after a slow start its shares have been on a general upward trajectory for the past few years. The sale was disclosed in a document filed with the SEC, which is available through this link. The stock was sold at an average price of $182.17, for a total transaction of $454,696.32. Tower Rech Capital Llc (Trc) accumulated 6,993 shares or 0.12% of the stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business.
Netflix, Inc is a provider an Internet television network. Bronfman E.L. Rothschild L.P. now owns 1,134 shares of the Internet television network's stock valued at $168,000 after buying an additional 9 shares during the period. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network's stock valued at $245,000 after buying an additional 11 shares during the period.
On 10/12/2017, Stifel Nicolaus reported on Netflix Inc. M Holdings Securities Inc. now owns 2,467 shares of the Internet television network's stock worth $365,000 after purchasing an additional 12 shares during the last quarter. Pictet Asset Management holds 0.29% of its portfolio in Netflix, Inc. BlackRock Inc. now owns 25,663,728 shares of the Internet television network's stock valued at $3,834,416,000 after buying an additional 423,968 shares during the last quarter.