Netflix stock surges past $200 for first time

Above Netflix Image Credit Paul Sawers  VentureBeat

Goldman Sachs wasn't the only firm to boost its price target for Netflix stock on Friday. Blue Rock Advisors LLC now owns 7,599 shares of the Internet television network's stock worth $749,000 after buying an additional 328 shares during the last quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NFLX. Analysts are forecasting earnings of $0.32 on a per share basis this quarter. 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. Look for analysts to lift both their ratings and price targets following another solid quarterly report. M Partners maintained the stock with "Buy" rating in Wednesday, April 26 report. Finally, Wedbush reaffirmed a "sell" rating on shares of Netflix in a research note on Wednesday, August 9th. Covering sell-side analysts are estimating company growth for next year to be 73.78%. The relative volume of the stock is 1.05. Netflix has a one year low of $98.38 and a one year high of $200.82. The 50 day moving average was up by +9.08% whereas the 200 day moving average was up $33.29 or +20.15%.

The company P/E (price to earnings) ratio is 240.02 and Forward P/E ratio is 96.25. (NASDAQ:NFLX)'s stock has changed 58.21%. Netflix had a net margin of 3.55% and a return on equity of 12.82%. According to their predictions high & low revenue estimates are 7.54 Billion and 7.13 Billion respectively. It predicted the company will post subscriber gains above expectations for the next two quarters.

Analysts are predicting earnings per share growth of 51.50% for the current year.

COPYRIGHT VIOLATION NOTICE: This article was originally published by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are reading this story on another publication, it was stolen and republished in violation of United States & global trademark & copyright laws. The original version of this piece can be read at https://stocknewstimes.com/2017/10/13/netflix-inc-nflx-pt-raised-to-225-00.html. BARTON RICHARD N had sold 2,000 shares worth $318,160 on Wednesday, May 10. That said, some 26.5 million shares of Netflix stock are still sold short, making up almost 7% of the stock's total float. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Tawni Cranz sold 2,135 shares of the business's stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $188.61, for a total transaction of $20,598,852.54.

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Since May 1, 2017, it had 0 insider purchases, and 12 selling transactions for $30.52 million activity. The disclosure for this sale can be found here. The company reported the earnings of $0.15/Share in the last quarter where the estimated EPS by analysts was $0.15/share. This means that investors are taking on excess risk when buying the company's stock at its current valuation. Quadrant Capital Group LLC increased its stake in shares of Netflix by 0.6% during the 2nd quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network's stock worth $2,208,891,000 after purchasing an additional 1,814,056 shares in the last quarter. Guardian Life Insurance Co. of America increased its stake in shares of Netflix by 0.7% during the 1st quarter. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network's stock worth $298,000 after acquiring an additional 12 shares during the period. At current levels, Netflix, Inc.

While looking at the Stock's Performance, Netflix, Inc. now shows a Weekly Performance of 0.76%, where Monthly Performance is 6.65%, Quarterly performance is 21.56%, 6 Months performance is 37.04% and yearly performance percentage is 96.84%.

Contour Asset Management Llc decreased Symantec Corp (Call) (NASDAQ:SYMC) stake by 2.23M shares to 573,000 valued at $16.19 million in 2017Q2. (NASDAQ:NFLX) for 2,244 shares.

Tpg Group Holdings Sbs Advisors Inc increased Netflix Inc. The Company operates through three segments: Domestic streaming, worldwide streaming and Domestic DVD.

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    Following the transaction, the insider now owns 16,379 shares in the company, valued at approximately $86,644.91. Angotti acquired 15,000 shares of the firm's stock in a transaction that occurred on Thursday, August 24th.

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