Earnings on the Doorstep For Netflix, Inc

Netflix Adds 5.2 Million Subscribers Crushing Estimates

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The legal version of this news story can be viewed at https://www.chaffeybreeze.com/2017/07/17/zacks-investment-research-upgrades-netflix-inc-nasdaqnflx-to-buy.html. (NASDAQ:NFLX). 83,592 are owned by Pub Employees Retirement Association Of Colorado. Baillie Gifford & Co. now owns 7,593,097 shares of the Internet television network's stock valued at $1,122,336,000 after buying an additional 234,664 shares in the last quarter.

For Netflix shares to go higher, the company needs to grow its subscriber base while continuing to sell investors on the promise of profitability some time in the future. AQR Capital Management LLC increased its position in shares of Netflix by 176.9% in the fourth quarter. The firm now has a "buy" rating on the Internet television network's stock.

Since the start of the New Year, Netflix, Inc. Ltd. now owns 770 shares of the Internet television network's stock valued at $114,000 after buying an additional 150 shares during the period. CENTRAL TRUST Co now owns 1,062 shares of the Internet television network's stock valued at $158,000 after buying an additional 213 shares during the last quarter. Hedge funds and other institutional investors own 82.76% of the company's stock. Ltd. increased its stake in shares of Netflix by 24.2% in the first quarter.

Netflix (NFLX) opened at 161.12 on Monday. The firm has a 50 day moving average of $157.80 and a 200 day moving average of $144.87.

Netflix, Inc. has a 52 week low of $84.50 and a 52 week high of $166.87. Netflix, Inc. The firm has a market cap of $69.58 billion, a P/E ratio of 208.84 and a beta of 0.99.

Netflix moved more content into the second quarter because the company believes a heavier content slate would boost a traditionally slow quarter. Thomson Reuters has consensus estimates that are calling for $0.16 in earnings per share (EPS) and $2.76 billion in revenue.

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Graham's numbers are considerably higher, modeling 1.07 million domestic additions, and 2.8 million global additions, for total revenue of $2.77 billion, though his EPS estimate is a little short, at just 14 cents.

Q2 USA subscriber growth (net additions): Wall Street is expecting Q2 domestic streaming net adds of 633,000, versus Netflix guidance of 600,000. The company's revenue was up 34.7% on a year-over-year basis.

They expect $0.16 EPS, up 43.75% or $0.07 from last year's $0.09 per share. Analysts predict that Netflix, Inc. will post $1.05 EPS for the current year.

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Shares of Netflix (NFLX) are down 57 cents, or 0.4%, at $160.55, as the company heads toward its Q2 earnings report, the first of the big techs to report this earnings season. Jefferies Group LLC raised their target price on Netflix from $135.00 to $141.00 and gave the company a "hold" rating in a research report on Wednesday, April 19th. Netflix now has a consensus rating of "Buy" and a consensus target price of $152.72. Vetr lowered Netflix from a "buy" rating to a "hold" rating and set a $164.65 price target on the stock.in a research report on Monday. Finally, FBR & Co reaffirmed a "market perform" rating and set a $145.00 price target on shares of Netflix in a research report on Friday. Also, Director Richard N. Barton sold 1,000 shares of the business's stock in a transaction on Tuesday, June 27th. The stock's current RSI reading is at 61.19.

In other Netflix news, General Counsel David A. Hyman sold 14,021 shares of the company's stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $140.97, for a total value of $12,968,394.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. "Similarly, the company's CEO HASTINGS REED on 2017-06-20 Sell 115577 shares of the company at a price of $152.63". Following the completion of the transaction, the insider now owns 19,943 shares in the company, valued at $3,276,435.47.

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