Published: Sat, April 14, 2018
Finance | By Gustavo Carr

Netflix's (NASDAQ:NFLX) "Buy" Rating Reaffirmed at Atlantic Securities

Netflix's (NASDAQ:NFLX)

(NASDAQ:NFLX) to report earnings on April, 16. 61% are bullish. With $360.0 highest and $93.0 lowest [Target] Netflix has $266.03 average [Target] or -14.64% below the current ($311.65) price. The organization posted $0.41 earnings per share (EPS) for the three-month period, surpassing the Thomson Reuters' analyst consensus estimate of $0.41 amounting to a surprise factor of 0.58%. (NASDAQ:NFLX). Addison Capital, a Pennsylvania-based fund reported 1,798 shares. EPS growth in next year is estimated to reach 57.23%. Earnings, with 39 analysts believing the company would generate an Average Estimate of $0.64. Taking short look on returns of the firm, net profit margin recorded as 34.50% while operating profit margin was 7.20%, whereas price to sale ratio stands at 11.68 and it indicates how much investor paid for a share compared to the sales a company generated per share. The company's revenue was up 32.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.15 EPS.

Several brokerages have commented on NFLX. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirty-five have issued a buy rating and one has issued a strong buy rating to the company. Barclays assumed coverage on shares of Netflix in a research note on Thursday, January 11th.

Monness Crespi Hardt has a Buy rating with a $350 price target. Macquarie upgraded Netflix from a neutral rating to an outperform rating and boosted their target price for the stock from $200.00 to $220.00 in a research note on Tuesday, January 2nd. Finally, Vetr cut Netflix from a "strong-buy" rating to a "buy" rating and set a $125.96 price target for the a research note on Wednesday, November 16th. Moreover, Stock Yards Comml Bank Trust has 0.04% invested in Netflix, Inc. Moving to a broader perspective, this stock has recently been trading -7.40% away from its 52-week high and +123.03% away from its 52-week low price.

In related news, Director Richard N. Barton sold 700 shares of the business's stock in a transaction dated Thursday, April 5th. The shares were sold at an average price of $283.39, for a total transaction of $198,373.00. Following the transaction, the director now directly owns 7,332 shares of the company's stock, valued at $1,928,316.

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A-R-T- Advisors Llc increased its stake in Netflix Inc (NFLX) by 276.89% based on its latest 2017Q4 regulatory filing with the SEC. Technology Crossover Management Vii Ltd sold 500,000 shares as the company's stock rose 58.31% while stock markets declined. WELLS DAVID B sold $191,200 worth of stock. Following the transaction, the chief executive officer now directly owns 75,369 shares in the company, valued at $16,997,216.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 445,545 shares of company stock worth $120,523,106. North Star Invest Mngmt Corp accumulated 4,940 shares or 0.03% of the stock.

A number of hedge funds and other institutional investors have recently modified their holdings of NFLX. SG Americas Securities LLC now owns 25,426 shares of the Internet television network's stock worth $4,881,000 after purchasing an additional 675,267 shares in the last quarter. Balentine LLC boosted its holdings in Netflix by 1,020.4% during the third quarter. Integrated Wealth Management now owns 1,804 shares of the Internet television network's stock valued at $165,000 after buying an additional 199 shares during the period. First City Capital Management stated it has 0.17% in Netflix, Inc.

Big banks JPMorgan, Citigroup and Wells Fargo will report quarterly earnings on Friday. CWA Asset Management Group LLC now owns 2,700 shares of the Internet television network's stock worth $518,000 after buying an additional 211 shares in the last quarter. Finally, Technology Crossover Management VIII Ltd. lifted its position in Netflix by 40.5% during the 4th quarter. The stock has been moved at 58.52 percent over the last six months and 114.24 percent during past year. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of USA & global trademark & copyright law.

Netflix Inc is an Internet television network with over 86 million members in over 190 countries enjoying more than 125 million hours of television (TV) shows and movies per day, including original series, documentaries and feature films.

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