Out of 45 analysts covering Netflix (NASDAQ:NFLX), 27 rate it a "Buy", 5 "Sell", while 13 "Hold". The $80 level held in July 2016 past year as well, and since then the shares have hit new all-time highs. Goldman Sachs Group, Inc.
Mizuho Securities analyst Neil Doshi upgraded Netflix stock to buy from neutral and raised his price target to 152 from 112. (NASDAQ:NFLX) is $125.30 while their mean recommendation is 2.40 (1=Buy, 5=sell). The company's quarterly performance represents a passimistic momentum of -7.37 percent, with a decline of -4.35 percent in the stock price over the last one month.
Additionally, the company generates "razor-thin margins" because of high original programming costs.
NFLX stock's price is now -0.13% down from its 52-week high and +67.23% up from its 52-week low.
For the first quarter, Wall Street is modeling Netflix to earn 18 cents a share, up 200%, on sales of nearly $2.60 billion, up 33%.
Revenue is expected to be $2.46 billion, up from $1.82 billion a year ago. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 5.09% where SMA50 and SMA200 are 9.04% and 28.15% respectively. The shares have accelerated in recent weeks, with their price up about 30.96% in the past three months.
The stock is now showing YTD performance of 8 Percent. For NFLX, the company now has $1.34B of cash on the books, which is offset by $2.37B current liabilities. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
The internet video service posted revenue of $2.48 billion in the period, also surpassing Street forecasts.
39 Insider Sales transactions were made totaling 991993 shares traded. The biggest holder now is Neil Hunt who owns 480,452 shares (0.11% of those outstanding), whilst W. Barry Mccarthy, Jr holds 51,563 (0.01% of shares outstanding) and David A. Hyman holds 36,610 (0.0085% of shares outstanding). The disclosure for this sale can be found here.
Growth Estimate for Netflix, Inc.
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2 analysts rated the stock of Zynga, Inc. State Board of Administration of Florida Retirement System now owns 615,420 shares of the Internet television network's stock worth $56,299,000 after buying an additional 93,313 shares in the last quarter. Integrated Wealth Management boosted its position in shares of Netflix by 12.4% in the second quarter.