Netflix, Inc. (NFLX) Earnings Preview: Subscriber Growth Is The Key

Ivan Schwartz
July 17, 2017

Envestnet Asset Management Inc. now owns 9,753 shares of the Internet television network's stock valued at $1,207,000 after buying an additional 1,182 shares during the last quarter. Netflix accounts for about 3.0% of AO Asset Management LLC's investment portfolio, making the stock its 16th largest position. Harwood Advisory Group LLC's holdings in Netflix were worth $1,402,000 as of its most recent SEC filing. It is positive, as 55 investors sold Netflix, Inc. shares while 228 reduced holdings. Intellectus Partners LLC acquired a new stake in Netflix during the fourth quarter valued at about $117,000. The legal version of this story can be viewed at Stock value has moved between $84.36 - 166.1 in last one year. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network's stock worth $107,000 after buying an additional 706 shares during the last quarter. Dimensional Fund Advisors LP now owns 507,261 shares of the Internet television network's stock valued at $62,804,000 after buying an additional 19,154 shares during the last quarter. The institutional investor held 3,460 shares of the consumer services company at the end of 2016Q4, valued at $428,000, down from 6,909 at the end of the previous reported quarter. Perhaps, that suggests something about why 83.83% of the outstanding share supply is held by institutional investors. (NASDAQ:NFLX) opened at 161.12 on Friday. The company has a 50-day moving average of $157.80 and a 200-day moving average of $144.87. The firm has a market capitalization of $69.44 billion, a P/E ratio of 208.43 and a beta of 0.99. The Internet television network reported $0.40 EPS for the quarter, topping the Zacks' consensus estimate of $0.37 by $0.03.

In Q1, Netflix saw net subscriber streaming additions of 4.95 million, with 1.42 million net USA additions and 3.53 million global. The business had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $2.64 billion. The firm's revenue for the quarter was up 34.7% on a year-over-year basis. Equities research analysts expect that Netflix will post $1.05 EPS for the current year. Harfst & Associates Inc. purchased a new stake in shares of Netflix during the first quarter worth approximately $109,000. (NASDAQ:NFLX) from a buy rating to a hold rating in a research note released on Saturday, June 17th. The International streaming segment includes services that streams content to its members outside the United States. (NASDAQ:NFLX). Glob X Management Limited Liability stated it has 0.06% in Netflix, Inc. Netflix bulls are hoping strong subscriber growth this quarter will push the stock over $180 per share. Vetr cut shares of Netflix from a "buy" rating to a "hold" rating and set a $164.65 price target for the a research report on Monday. Finally, Instinet reaffirmed a "buy" rating on shares of Netflix in a research note on Friday, June 2nd. Also, Director Richard N. Barton sold 2,000 shares of the business's stock in a transaction dated Wednesday, April 19th. Netflix now has a consensus rating of "Buy" and a consensus target price of $152.72.

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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. "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 sale, the general counsel now directly owns 41,629 shares in the company, valued at $6,244,350. The stock was sold at an average price of $162.00, for a total transaction of $174,636.00. The disclosure for this sale can be found here. Insiders have sold a total of 421,458 shares of company stock valued at $64,206,893 in the last ninety days. The company's average Piotroski F-Score: 4 during the last 7 years.

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