Netflix Binges On Price-Target Hikes Ahead Of Q3 Earnings

Netflix Binges On Price-Target Hikes Ahead Of Q3 Earnings

Linscomb & Williams Inc. now owns 3,269 shares of the Internet television network's stock valued at $405,000 after buying an additional 29 shares during the period.

A number of other analysts have also recently commented on the stock. The company is expected to report third quarter earnings on Monday.

Accordingly, the firm reiterated its Outperform rating for Netflix and lifted its price target to $230 from $203.

Anmuth raised his Netflix price target on Friday to $225 from $210. Two research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and thirty have given a buy rating to the stock. On Tuesday, September 1 the stock rating was maintained by Raymond James with "Buy". The stock had a trading volume of 4,382,650 shares. The stock has a market cap of $86.19 billion, a price-to-earnings ratio of 242.87 and a beta of 1.09. Netflix has a 52 week low of $98.38 and a 52 week high of $200.82.

Netflix (NASDAQ:NFLX) last released its earnings results on Monday, July 17th. After $0.80 actual EPS reported by Alliance Holdings GP, L.P. for the previous quarter, Wall Street now forecasts 13.75% EPS growth.

Since May 1, 2017, it had 0 insider buys, and 12 selling transactions for $30.52 million activity. The company had revenue of $2.79 billion for the quarter, compared to analysts' expectations of $2.76 billion.

The company's diluted EPS for trailing twelve months was 0.82.


Quarterly Revenue Growth on year-over-year basis stands at 32.3 percent. Equities research analysts expect that Netflix, Inc. will post $1.04 earnings per share for the current year.

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Buckingham Research reissued their buy rating on shares of Netflix, Inc. Following the completion of the sale, the insider now owns 1,232 shares of the company's stock, valued at approximately $224,433.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard N. Barton sold 2,000 shares of the company's stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $163.47, for a total value of $326,940.00. This means that investors are taking on excess risk when buying the company's stock at its current valuation.

Several hedge funds have recently added to or reduced their stakes in the company. Finally, Kalos Management Inc. increased its stake in shares of Netflix by 0.7% during the 2nd quarter. (NASDAQ:NFLX). Pub Employees Retirement Of Ohio reported 285,024 shares.

Piedmont Investment Advisors LLC grew its stake in shares of Netflix, Inc. The stock is trading at $198.48 marginally over $181.96, the 50 day moving average and which is significantly higher than the 200 day moving average of $165.19. During last 3 month period, 0.01% of total institutional ownership has changed in the company shares. Guardian Life Insurance Co. of America boosted its stake in shares of Netflix by 0.7% in the first quarter. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network's stock worth $298,000 after purchasing an additional 12 shares during the last quarter. Nordea Inv Management has invested 0.01% in Netflix, Inc. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network's stock worth $229,000 after purchasing an additional 10 shares during the last quarter.

Time Warner Inc.is the world's leading media and entertainment company, whose businesses include filmed entertainment, interactive services, television networks, cable systems, publishing and music. The Company operates through three segments: Domestic streaming, worldwide streaming and Domestic DVD. There is growing competition in the online content streaming market as new entrants such as Roku Inc (NASDAQ:ROKU) and Walt Disney Co (NYSE:DIS) launch new streaming services. He's also positive on the company's global strategies, which include localization, deals on set-top boxes and more local original content.

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