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.

Hess Midstream Partners LP
The stock of EnLink Midstream Partners LP (NYSE: ENLK ) earned "Neutral" rating by Guggenheim on Wednesday, April 19. In taking a look at some other notable technicals, Rice Midstream Partners LP (NYSE:RMP)'s ROIC is 0.155096.

UN Says Record Number Of Afghan Civilians Killed
A total of 174 women lost their lives and another 462 were injured, whereas 436 children died and 1,141 were injured. This was the deadliest incident documented by UNAMA since 2001.

Ryan Phillippe hospitalized after breaking leg in 'freak accident'
Ryan Phillippe is now in the hospital after severely injuring his leg over the weekend and he's opening up about how it happened. No word on what caused his injury, but he's been busy filming Shooter , his U.S. network series, this summer.

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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