The stock of Netflix, Inc. (NASDAQ:NFLX) is a huge mover today! About 22.12 million shares traded hands or 133.09% up from the average. Netflix, Inc. (NASDAQ:NFLX) has risen 1.98% since March 15, 2016 and is uptrending. It has underperformed by 3.50% the S&P500.
The move comes after 6 months positive chart setup for the $50.10B company. It was reported on Oct, 18 by Barchart.com. We have $168.71 PT which if reached, will make NASDAQ:NFLX worth $21.04 billion more.
Netflix, Inc. (NASDAQ:NFLX) Ratings Coverage
Out of 43 analysts covering Netflix (NASDAQ:NFLX), 26 rate it a “Buy”, 6 “Sell”, while 11 “Hold”. This means 60% are positive. Netflix has been the topic of 95 analyst reports since August 4, 2015 according to StockzIntelligence Inc. On Tuesday, July 19 the stock rating was maintained by Cantor Fitzgerald with “Buy”. The stock of Netflix, Inc. (NASDAQ:NFLX) has “Neutral” rating given on Tuesday, October 18 by Mizuho. BTIG Research maintained Netflix, Inc. (NASDAQ:NFLX) rating on Tuesday, July 19. BTIG Research has “Buy” rating and $130 price target. The firm has “Buy” rating given on Monday, August 17 by Vetr. Goldman Sachs maintained the stock with “Buy” rating in Tuesday, July 19 report. Bank of America maintained Netflix, Inc. (NASDAQ:NFLX) rating on Tuesday, September 1. Bank of America has “Buy” rating and $133 price target. The rating was maintained by FBR Capital with “Mkt Perform” on Tuesday, October 18. As per Friday, April 1, the company rating was upgraded by Atlantic Securities. The stock has “Hold” rating given by Vetr on Friday, August 21. The firm has “Mkt Perform” rating by FBR Capital given on Friday, February 12.
According to Zacks Investment Research, “Netflix is the world’s leading Internet television network with millions of subscribers in nearly 50 countries who have access to an ever-expanding library of TV shows and movies, including original programming, documentaries and feature films. The company offers the ability to watch as subscribers want, anytime, anywhere, on nearly any Internet-connected screen.”
Insitutional Activity: The institutional sentiment increased to 1.13 in 2016 Q2. Its up 0.26, from 0.87 in 2016Q1. The ratio increased, as 100 funds sold all Netflix, Inc. shares owned while 184 reduced positions. 88 funds bought stakes while 232 increased positions. They now own 333.23 million shares or 7.72% less from 361.10 million shares in 2016Q1.
Prudential Finance has invested 0.09% of its portfolio in Netflix, Inc. (NASDAQ:NFLX). Brick & Kyle Associate, a Pennsylvania-based fund reported 825 shares. Great Lakes Advsrs Ltd Liability Corp holds 0.08% or 34,085 shares in its portfolio. Signaturefd Lc accumulated 673 shares or 0.01% of the stock. Principal Grp Inc has 0.08% invested in the company for 602,097 shares. Karp Mgmt Corp has 26,095 shares for 1.59% of their US portfolio. The United Kingdom-based Lmr Llp has invested 0.15% in Netflix, Inc. (NASDAQ:NFLX). Metropolitan Life Ins Ny holds 239,168 shares or 0.16% of its portfolio. Credit Suisse Ag last reported 0.08% of its portfolio in the stock. Torch Wealth Limited has invested 0.3% of its portfolio in Netflix, Inc. (NASDAQ:NFLX). The New York-based Evercore Wealth Ltd Liability Com has invested 0.02% in Netflix, Inc. (NASDAQ:NFLX). The New Hampshire-based Pax Ww Limited Liability Corp has invested 0.01% in Netflix, Inc. (NASDAQ:NFLX). Concert Wealth Mgmt holds 0.12% or 9,435 shares in its portfolio. State Of Wisconsin Board holds 0.2% or 537,006 shares in its portfolio. Henderson Group Public Ltd accumulated 51,869 shares or 0.04% of the stock.
Insider Transactions: Since April 19, 2016, the stock had 2 buys, and 18 insider sales for $41.20 million net activity. HASTINGS REED sold $7.84 million worth of stock. Shares for $140,000 were sold by BARTON RICHARD N on Tuesday, April 19. 300,000 shares with value of $28.29M were bought by HOAG JAY C on Monday, August 8. On Thursday, April 21 the insider HALEY TIMOTHY M sold $1.56M.
More notable recent Netflix, Inc. (NASDAQ:NFLX) news were published by: Fool.com which released: “Netflix, Inc. Earnings: Subscriber Growth Surges Abroad” on October 17, 2016, also Fool.com with their article: “Netflix Inc.’s Crushing Quarter: What You Need to Know” published on October 18, 2016, Profitconfidential.com published: “Netflix, Inc.: Why NFLX Stock Is Red-Hot Today” on October 18, 2016. More interesting news about Netflix, Inc. (NASDAQ:NFLX) were released by: Fool.com and their article: “Netflix, Inc. Third-Quarter Earnings: The Growth Story Continues” published on October 17, 2016 as well as Fool.com‘s news article titled: “Better Buy: Netflix, Inc. vs Amazon” with publication date: October 15, 2016.
NFLX Company Profile
Netflix, Inc. (Netflix), incorporated on August 29, 1997, is a well-known provider of Internet television network. The Company’s members can watch original series, documentaries and feature films in Internet-connected screen. The Firm has three operating divisions: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming divisions derive revenues from monthly membership fees for services consisting of streaming content. The Domestic DVD segment derives revenues from monthly membership fees for services consisting of digital video disc (DVD)-by-mail.
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