Netflix, Inc. (NASDAQ:NFLX) Broker Price Targets For The Coming Week

Ruben Ruiz
October 15, 2017

Its down 0.11, from 1.33 in 2017Q1. Canaccord Genuity boosted their target price on shares of Netflix from $165.00 to $175.00 and gave the stock a buy rating in a research report on Friday, June 16th.

To help fund that spending - a sticking point with the company's critics - Netflix said it would raise prices for two of its three main subscription plans. 344.96 million shares or 1.00% less from 348.44 million shares in 2017Q1 were reported.

Castleark Management Llc increased its stake in Netflix Inc (NFLX) by 40.11% based on its latest 2017Q2 regulatory filing with the SEC.

COPYRIGHT VIOLATION NOTICE: "Netflix, Inc". M Holdings Securities Inc. increased its position in Netflix by 0.5% during the 1st quarter. Foundry Partners Llc owns 228,290 shares or 0.18% of their United States portfolio. Pdts Prns Ltd Liability Com invested in 55,500 shares. Its up 1.83% from 937,900 shares previously. Westpac holds 38,925 shares. After $0.15 actual earnings per share reported by Netflix, Inc. for the previous quarter, Wall Street now forecasts 113.33% EPS growth. However, most financial instruments are traded after hours, which means that the the closing price of a stock might not match the after-hours price. It also reduced Nvidia Corp (NASDAQ:NVDA) stake by 66,129 shares and now owns 253,291 shares.

10/09/2017 - Netflix, Inc. had its "buy" rating reiterated by analysts at MKM Partners. (NASDAQ:NFLX) to report earnings on October, 16.

"Looking at the history of past Netflix price increases, the impact on the pace of net sub additions has not been severe, and has been decidedly temporary - and we believe the Netflix service is even stronger and more entrenched now", analyst Todd Juenger wrote in a note to clients.

Since May 1, 2017, it had 0 insider purchases, and 12 selling transactions for $30.52 million activity. Another trade for 2,000 shares valued at $315,610 was made by BARTON RICHARD N on Monday, May 22. The insider HUNT NEIL D sold $1.52 million.

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In other Netflix news, Director Leslie J. Kilgore sold 903 shares of the firm's stock in a transaction dated Thursday, October 5th.

Netflix (NASDAQ:NFLX) last released its earnings results on Monday, July 17th. The stock has climbed 25.08% over the past 3 months, while fell -0.06% during the past 5 days of trading. Therefore 69% are positive.

NFLX was recently trading at $198.18, down $2.64 from its 12-month high and $100.55 above its 12-month low. The stock was sold at an average price of $196.16, for a total transaction of $392,320.00.

Analysts say Netflix had a solid lineup of original shows released in the third quarter including "Ozark" and "Marvel's The Defenders", as well as new seasons of "Narcos" and "Fuller House". UBS maintained Netflix, Inc. (NASDAQ:NFLX) rating on Tuesday, October 18.

If you want to set up a bullish hedged trade on NFLX, consider a November 160/165 bull-put credit spread for a 35-cent credit. The rating was maintained by Wedbush with "Sell" on Wednesday, August 9. On Tuesday, September 1 the stock rating was maintained by Raymond James with "Buy". Steadfast Capital Mgmt Lp invested 0.21% in Netflix, Inc.

In other Netflix news, insider Jonathan Friedland sold 2,496 shares of the company's stock in a transaction on Wednesday, July 19th. Oskie Capital Management Llc who had been investing in Heico Corp New for a number of months, seems to be bullish on the $6.66B market cap company. Private Capital Advsrs has invested 0.18% in Netflix, Inc. That suggests something of the likelihood of a short squeeze in shares of NFLX. Goldman Sachs has "Buy" rating and $120 target. The firm has "Buy" rating by Cowen & Co given on Tuesday, July 18.

Netflix shares were up 1.8%, near 199.30, in afternoon trading on the stock market today. It has outperformed by 58.64% the S&P500. Nordea Inv Management has invested 0.01% in Netflix, Inc. The Internet television network reported $0.15 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.16 by ($0.01). AHGP's profit will be $54.55M for 7.74 P/E if the $0.91 EPS becomes a reality. Kalos Management Inc. now owns 1,621 shares of the Internet television network's stock valued at $242,000 after purchasing an additional 12 shares during the period.

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