COPYRIGHT VIOLATION WARNING: "Wedbush Reiterates Sell Rating for Netflix, Inc". JMP Securities initiated the stock with "Mkt Outperform" rating in Monday, September 26 report. Part of its decision to get into original programming was to reduce its reliance on licensing deals from partners. Trading volume was up 86.69% over the stocks average daily volume. Estimates have remained stable ahead of the upcoming earnings release. Also, insider Gregory K. Peters sold 6,853 shares of the firm's stock in a transaction dated Tuesday, May 30th. Nomura maintained the shares of NFLX in report on Tuesday, July 19 with "Buy" rating.
CEO, HASTINGS REED, sold 109,214 common shares of Netflix, Inc. Canaccord Genuity reissued a buy rating and issued a $165.00 price target on shares of Netflix in a research note on Thursday, May 25th. Following the completion of the transaction, the director now owns 8,012 shares in the company, valued at approximately $1,254,839.44. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-nine have assigned a buy rating to the company. Company chares are trading at $169.14 which is a tad above $168.29, the stock's 50 day moving average and which is significantly above the 200 day moving average of $153.50.
Shares of Netflix (NASDAQ:NFLX) opened at 170.596 on Wednesday.
Netflix, Inc. has a 12-month low of $91.82 and a 12-month high of $191.50. The stock was sold at an average price of $181.37, for a total value of $181,370.00. The stock has a market capitalization of $74.00 billion, a PE ratio of 208.52 and a beta of 1.02. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network's stock worth $107,000 after buying an additional 706 shares in the last quarter. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The business's revenue was up 32.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.09 earnings per share. Equities research analysts expect that Netflix will post $1.19 earnings per share for the current fiscal year. Lucasfilm titles expected in the years to come include the untitled Han Solo Movie, Star Wars: Episode IX and other potential spin-offs, including the heavily-rumored Boba Fett adventure and a possible Obi-Wan movie. The shares were sold at an average price of $157.13, for a total transaction of $15,998,190.95. Following the sale, the chief executive officer now owns 115,577 shares of the company's stock, valued at $17,640,517.51. The original version of this piece can be read at https://stocknewstimes.com/2017/08/11/netflix-inc-nasdaqnflx-receives-overweight-rating-from-piper-jaffray-companies.html. (NASDAQ:NFLX) recently. Richard N. Barton, Director disclosed the sale of 2,000 shares. Finally, Highbridge Capital Management LLC boosted its stake in Netflix by 1,108.0% in the fourth quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network's stock worth $245,000 after buying an additional 11 shares in the last quarter. Finally, Twin Capital Management Inc. raised its stake in shares of Netflix by 0.8% in the first quarter. Ltd. increased its position in Netflix by 24.2% in the first quarter.
Wealth Enhancement Advisory Services LLC acquired a new stake in Netflix, Inc. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD.
To roll out its streaming services, Disney is taking majority control of BAMTech, the streaming arm of Major League Baseball, for $1.6 billion.
A few days ago, the surprising-yet-not-surprising news came that Disney was acquiring a majority stake in a streaming technology company and planning on launching its own streaming service in 2019.
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