Is Netflix, Inc. (NASDAQ:NFLX) A Safe Bet For Investors?
Oct 15, 2017, 00:46
Castleark Management Llc increased its stake in Netflix Inc (NFLX) by 40.11% based on its latest 2017Q2 regulatory filing with the SEC.
Streaming video provider Netflix ( NFLX ) will report its third-quarter results on October 16.
Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. Finally, BidaskClub upgraded shares of Netflix from a hold rating to a buy rating in a research report on Sunday, July 16th.
Netflix stock broke out of a cup-with-handle base at a buy point of 190.05 on October 5.
Among 52 analysts covering Netflix (NASDAQ:NFLX), 36 have Buy rating, 2 Sell and 14 Hold. The stock has an average rating of "Buy" and a consensus target price of $191.24.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, July 17th. About 12.08M shares traded or 80.30% up from the average. The 50 day moving average was up by +9.08% whereas the 200 day moving average was up $33.29 or +20.15%. First Manhattan Company who had been investing in Alliance Holdings Gp for a number of months, seems to be less bullish one the $1.69 billion market cap company. Netflix has a 1-year low of $98.38 and a 1-year high of $200.82. (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". The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion.
IBD'S TAKE: Netflix stock has an IBD Composite Rating of 93, meaning it has outperformed 93% of stocks in key metrics over the past 12 months. Sales are seen rising 30% year-over-year to $2.97 billion in the September quarter. During the same quarter past year, the business earned $0.09 EPS. Netflix's revenue for the quarter was up 34.7% compared to the same quarter previous year.
COPYRIGHT VIOLATION NOTICE: This story was originally posted by Week Herald and is owned by of Week Herald. If you are accessing this report on another website, it was stolen and reposted in violation of USA and worldwide trademark & copyright legislation. The original version of this story can be read at https://baseballnewssource.com/markets/netflixs-nflx-hold-rating-reaffirmed-at-argus/1705883.html. Also, Director Richard N. Barton sold 2,000 shares of the firm's stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $165.72, for a total transaction of $331,440.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The stock was sold at an average price of $182.17, for a total transaction of $454,696.32. The Tpg Group Holdings Sbs Advisors Inc holds 21,544 shares with $3.22 million value, up from 18,261 last quarter. The short ratio in the company's stock is documented at 4.03 and the short float is around of 6.99%. FMR LLC lifted its stake in Netflix by 12.4% in the 2nd quarter. For the past month, Netflix, Inc.'s stock has been 9.23%, 23.37% for the last quarter, 35.48% for the past six months and 99.03% for the past 52 weeks. TPG Group Holdings SBS Advisors Inc. increased its position in Netflix by 18.0% in the second quarter. The institutional investor held 206,005 shares of the consumer services company at the end of 2017Q2, valued at $30.78 million, up from 147,035 at the end of the previous reported quarter. Following the transaction, the director now directly owns 7,198 shares in the company, valued at approximately $1,351,712.42. Tower Research Capital LLC TRC bought a new position in Netflix in the 2nd quarter valued at $1,045,000.
If we look at the Volatility of Netflix, Inc. Sii Investments Inc. WI now owns 3,075 shares of the Internet television network's stock worth $460,000 after buying an additional 64 shares during the period. A big reason why the company has been adding so many new subscribers has been a big global push, and domestically by building its impressive library of original programming. The Domestic streaming segment includes services that streams content to its members in the United States.
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