Netflix stock hits $200 for first time

Netflix stock hits $200 for first time

On 10/12/2017, Stifel released a statement for Netflix (NASDAQ:NFLX) bumped up the target price from $200.00 to $230.00 that suggested an upside of 0.18%. Sigma Planning Corp boosted its position in shares of Netflix by 0.5% in the third quarter. Netflix last hiked USA prices in October 2015.

Netflix announced last week it is raising prices for some of its subscription plans.

Canaccord Genuity analyst Michael Graham raised his price target for Netflix stock from $200 to $225 in a note to investors on October 9.

Anmuth raised his Netflix price target on Friday to $225 from $210.

Analysts have given a mean recommendation of 2.20 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The stock has an average rating of "Buy" and a consensus price target of $147.59.

Netflix shares hit an all-time high Friday, briefly passing through $200 for the first time ever, an incredible milestone for a video streaming company upending the traditional media industry. (NASDAQ:NFLX)'s stock has changed 58.21%.

This milestone moment comes shortly after the company announced a price-hike in the US and several other markets around the world. Stock's distance from 52 week High is -1.78% and the distance from 52 week Low is 100.61%. The stock is now moving below its 20-Day Simple Moving Average of -1.29% with a 50-Day Simple Moving Average of -0.6 percent.

Goldman Sachs analyst Heath Terry raised his price target from $200 to $235, and said in a client note, "We believe consensus subscriber estimates for Netflix ahead of Monday's earnings remain too low, particularly for the quarter, 4Q, and beyond", CNBC reported Friday. Netflix had a return on equity of 7.51% and a net margin of 2.11%. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same period past year, the business posted $0.09 EPS. Netflix's revenue was up 32.3% on a year-over-year basis. Many investors and analysts must be asking themselves whether Netflix can sustain its current performance despite increasing competition in the online streaming industry. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of worldwide trademark and copyright laws. If you are reading this story on another publication, it was stolen and republished in violation of United States & global trademark & copyright laws. The original version of this piece can be viewed at https://www.truebluetribune.com/2017/10/13/netflix-inc-nflx-position-lifted-by-national-asset-management-inc.html. They expect $0.32 EPS, up 166.67% or $0.20 from last year's $0.12 per share.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. During the same period a year ago, the company earned $0.09 EPS. The stock was sold at an average price of $169.18, for a total value of $338,360.00. The disclosure for this sale can be found here. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Board Of Administration Of Florida Retirement System invested 0.25% in Netflix, Inc. Municipal Employees Retirement System of MI now owns 15,080 shares of the Internet television network's stock worth $2,229,000 after acquiring an additional 130 shares during the last quarter. Traynor Capital Management Inc. now owns 34,776 shares of the Internet television network's stock worth $5,430,000 after acquiring an additional 2,508 shares during the last quarter. FMR LLC grew its stake in shares of Netflix by 12.4% in the second quarter. The Stock now has a Weekly Volatility of 2.30% and Monthly Volatility of 2.34%. Heritage Investors Management Corp grew its holdings in Netflix by 0.6% during the 2nd quarter. M Holdings Securities Inc. now owns 2,467 shares of the Internet television network's stock worth $365,000 after acquiring an additional 12 shares during the period. Almanack Investment Partners LLC. bought a new position in Netflix in the 2nd quarter worth $101,000. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network's stock worth $2,208,891,000 after purchasing an additional 1,814,056 shares in the last quarter. The stock of Netflix, Inc. The Firm operates through three divisions: Domestic streaming, global streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. He's also positive on the company's worldwide strategies, which include localization, deals on set-top boxes and more local original content.

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